Mark Patten, CPA and Mandy Thiebaud, CPA of McKinnon Patten & Associates discuss with Old Capital Podcast how earned income and passive income are treated by the IRS, capitalizing versus expensing replacements & repairs, and why owning real estate is more than just a return on your investment. Find out about 1031 exchanges, like-kind exchanges as well as cost segregation and how it can benefit your real estate investment.

HOW TO REDUCE TAX LIABILITY WITH CORPORATE TAX PLANNING STRATEGIES
Many business owners are legally overpaying taxes. Not because they are doing anything wrong, but because planning happens too late. By the time tax season

