We are all familiar with  the saying about the two things in life that are a certainty.  Death and Taxes.  While we have little to no control over the former, we can and should be proactive about the latter (taxes). 

How many pages does it take to fully document the U.S. tax code as it stands in 2012? If you answered 73,608, you're right. Note that we didn't say "you win"!... In light of this fact, more than ever, it's imperative for the individual and business owner to be proactive about this all important topic.

This week David is joined by Deron Hamilton who is the owner of My CPA, LLC in Little Rock, AR.

David and Deron discuss many of the upcoming changes that are taking place in regards to taxation. One thing is for sure, itemized deductions are in the cross hairs of the IRS.

Some of the topics discussed include:

Major changes in the tax code that will affect individual tax payers.

The importance of planning, by selecting the right business entity.

The importance of proper documentation.

Strategies to reduce your tax liability.

The bottom line is that there is a big difference between tax avoidance and tax evasion. It is not the IRS's responsibility to educate you on all of the provisions in the tax code that allow you to avoid paying one dollar more in taxes that you are required to pay.

The two largest wealth transfers are your mortgage and taxes. A dollar in taxes paid unnecessarily not only cost you what you lost, but also what what that dollar could have earned had you not given it away. To learn more, read and listen to the past show: Who's Future Are You Financing?

There are many options to drastically reduce one's tax-liability. Including strategies that will help you:

Be more efficient with your dollars by implementing a tax-free retirement income source. There are many tax-free asset accumulation strategies that are outside of most people's box of knowledge. If you would like to learn more, contact our sponsor Infinite Financial Services at: 501-218-8880 or online at: InfiniteFinancialServices.com 

Deron Hamilton with My CPA, LLC can be reached at: 501-661-1820

Remember, you can always listen on the go by downloading The Free David Lukas Show Android or Iphone App. An easy way to do so is to Text "DLSHOW" to 90210 from your smart phone. When you do, we will immediately send you a link to download  either the Iphone or the Android version.

Tune in, Listen and Learn!

This week David invited Employment Law Attorney Brian Vandiver onto the show. Brian exclusively represents employers in all areas of labor and employment law.

If you are an employer, this is a must hear show. The laws that apply to employers are constantly changing. The regulations that apply to small and large businesses are

David talks about the New and Improved David Lukas Show website which can be found at: DlShowOnline.com and other changes that are happening on the show. 

Other thoughts from David on various topics including Mortgage Planning.

Tune in, listen, and learn........

Remember, you can listen anytime on the go by downloading The David Lukas Show Android or Iphone App. An easy way to do so is to text "DlShow" to 90210 and we will send you a link to download right from your iphone or Android. 

This week, Val Wheeler joins David in the studio to talk about some of the keys services that David provides in his "Day Job". Val Wheeler along with David are both Senior Partners at Infinite Financial Services.

David and Val discuss the efficiency of money in the world of business.

Does your business have a plan to spend the same dollar over and over and over?

Does your business have guaranteed access to money to expand your business?

Do you have a plan to recapture the cost of running your business with NO additional capital outlay?

You can create a tax-free retirement source not spending one dollar more than you are today.

These are the exact same strategies that many large and well known corporations have successfully used for decades.

David and Val also discuss proper mortgage planning  that will have a profound impact on your personal financial future.

Prudent mortgage planning will allow you to accomplish: Spend the same dollar 4 times over your life time.Payoff your home early and recapture all the interest you are now needlessly paying.

Your Mortgage is one of the most powerful financial tools at your disposal. How you decide to pay for it can create unnecessary wealth transfers.

Americans devote the largest portion of  their incomes to housing. Consequently, how you manage your home equity will have far-reaching  implication on virtually every facet of your financial life, including your ability to save, pay for college, and plan for your retirement.

To learn more about the concepts David and Val discussed on this show, go to: InfiniteFinancialServices.com

Interact and let David know what you think on Facebook. Go to: Facebook.com/DLShow