Sabrina Wilcox is a Certified Public Accountant. She graduated with honors from Central Michigan University with a Bachelor of Science Degree in 2007. She then graduated from the Accounting Program at Lansing Community College, completing the necessary coursework to sit for the CPA exam. After passing the CPA exam in 2009, she joined a small CPA firm. She prepared individual corporate partnerships and trusts in the state and nonprofit returns. She also participates in tax planning, consulting, as well as handling IRS correspondence related to pass, do taxes, and penalties.
Sabrina kind of knew early on that she liked working with numbers. She likes the puzzle-solving that comes along with being an Accountant. So that kind of steered her in that direction, career-wise. She is now with Admin Books, which is a Strategic Alliance of Capital Gains Tax Solutions.
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Being Your Partner, Not Just Your Accountant with Sabrina Wilcox
Brett:
I’m excited about our next guest. She is a Certified Public Accountant, and she graduated with honors from Central Michigan University with a Bachelor of Science Degree in 2007. She then graduated from the Accounting Program at Lansing Community College, completing the necessary coursework to sit for the CPA exam. After passing the CPA exam in 2009, she joined a small CPA firm, and she prepared individual corporate partnerships and trusts in the state and nonprofit returns and participate in tax planning, consulting as well as handling IRS correspondence related to pass, do taxes and penalties. She has so much wisdom to share with us today, we’re gonna dive into her story. She is now with Admin Books, which is a Strategic Alliance of Capital Gains Tax Solutions. In fact, they prepare all of the tax returns for all of the Deferred SalesTrust. So I’m excited to welcome you to the show with Sabrina Wilcox, a Sabrina? How are you today?
Sabrina:
I’m doing well. Brett, thanks for having me. It’s great to join you.
Brett:
Excellent, yes, excited to dive in and get to know you a little bit more myself as well as help our listeners and clients who are maybe watching this right now and get to know you for the first time. So for those who haven’t met you yet, would you give us a little bit more about your story and your current focus?
Sabrina:
Absolutely. I actually grew up in the mid-Michigan area. So if anyone’s familiar with the area, right around the capital city of Lansing, East Lansing, which is where Michigan State University, so that’s right around where I grew up, grew up with an older brother and my parents and just kind of had a pretty normal childhood, I was kind of the school nerd and, always aim to get all A’s and, just very in tune with schooling. I kind of knew early on that I liked working with numbers. I like the puzzle-solving that comes along with being an accountant. So that kind of steered me in that direction, career-wise. I’ve been as Brett kind of said, I’ve been with Admin Books now for about six years, So I can’t believe it, time flies, and we’ll talk about this more. We have the heart of teachers in Admin Books. So we are all about educating clients, being that strategic partner with you to help strategize to save taxes, and just really be that partner in kind of what you’re doing and, and kind of guide you in the right direction. And so, again, I’m very pleased to be joining today. And looking forward to kind of working with more of the DST returns. As Brett said, it’s been really a great experience learning more about this strategy. And we’re excited to share that with more clients.
Brett:
Absolutely. We’ll touch on that later in the interview too. But before we get into Admin Books, and that vision and how you help your clients by being their partner, not just their Accountant, I want to take a step back, and I want you to go back perhaps to your high school days or the university days, or, or earlier, I want you to picture those times. And, I believe we’ve all been given certain gifts in this life. And these gifts have been given to us to be a blessing or help to others. So I believe these are God-given gifts and people call them strengths and people call them superpowers. But I’m curious, what are those one or two gifts Sabrina that you believe you were given and how do they help how you help people today?
Sabrina:
Yeah, I think one of the things I already kind of touched on is the heart of the teacher thing. A part of me is wanting to not just, for example, in the tax world, just giving the client a tax return, here you go, it’s done. I want to educate people I want people to understand, I like talking through things. I like that relationship with clients, where we’re engaging, and where they want to learn, and we want to teach, I think that’s something that’s been part of me for most of my life. And I think also, relationships are really important to me. And as we work with clients, building those relationships, I think that goes all the way back to when you’re younger. Those things that you see in yourself. And so I think just really that, like I said, the heart of the teacher wanting to educate, wanting to bond and have those strong relationships. I think that’s a big part of it. And I think also, kind of an intangible gift that I kind of thank my parents for is that again, the value of education and schooling and knowledge was kind of instilled in me early on. And I think that now in my work with Admin Books that kind of comes out Because that’s kind of what happened books is all about one of our core, our top core values are education. And so I think that again, kind of goes all the way back to my upbringing and kind of what was, shown to me as far as how important education is. So I think that’s a really big part of it.
Brett:
I love that. I love that. The love for academics, for education, for a high degree of excellence, for learning, and then helping others to understand what’s happening, because tax returns and taxes and tax fertile strategies can be intimidating especially for those who aren’t focused on it. And those who are in every day, you want to hire a dream team, and Sabrina can become a part of that dream team for you. And whether you’re a business owner, or an individual filing tax returns, they specialize mostly in small businesses. And so let’s dive right into that Sabrina. tell us a little bit more about Admin Books and a lot of the work you’re doing. Maybe help us to understand what I mean, a good fit or good client would be a fit for you guys.
Sabrina:
Absolutely. So we do work with a wide variety of clients. At first, I guess, let me start out by just giving a little background on Admin Books. So we’re a team of about, I think, 15 to 17. We’ve hired a few new people more recently, but we were originally, the main office was in Morgan Hill, California, and we had a certain group of people that were in office, and then we had some team members that were remote in different parts of the country. With COVID, hitting, we kind of made the decision to go 100% remote. So we’re now officially a 100% remote team. As I said, we have people all over the country, I’m in Michigan, we have people in Ohio, and Texas, kind of all over. So that’s exciting. And of course, California. And so we basically we’re kind of a one-stop-shop, we do bookkeeping, services, tax services, payroll services. And we do as I said, we do have a wide variety of clients, we have several high net worth clients, we do a lot of individual tax returns. But Brett, as you kind of touched on our I think the sweet spot for Admin Books is really that one-stop-shop, small business owners, particularly who do want to have that, again, that team, where we’re doing the bookkeeping, we are doing the tax returns, we are helping with tax planning and strategizing, we’re running the payroll, we’re just kind of a fine-tuned, well-oiled machine, that’s really where we can build those relationships and engage with clients and really just be that guide for them and just kind of be all in, in this relationship. So I think that’s really our sweet spot. But again, we do have a wide variety of clients that we work with.
Brett:
And one thing that really attracted me to me, for our company to be able to align exclusively with you to do all the deferred sales trust tax returns, is your commitment not only to education and core values, but as well as the technology and things like, QuickBooks Online Pro, and things that make it as more seamless and more efficient. So walk us through just your commitment to that technology piece, and how that helps to make it, a better outcome for clients.
Sabrina:
Yeah, absolutely. So you kind of touched on it already. But we do work almost exclusively with QuickBooks Online. And so we use a lot of kinds of cloud if you want to call it cloud applications, we have a vault that we use, that people can upload their documents securely. We have the go-to-meeting platform for meetings. So we have remote meetings that we run, we use a lot of different technologies. And I think we’re always looking for new technology. And obviously, when you are a remote team, that’s really important. And we do want our clients to be comfortable with that too. And we just really feel that it creates a streamlined process. You upload your documents securely, we again, we have those remote meetings, it just it creates a very, again, we feel streamlined process where we can, we can be, 1000s of miles apart, and we can still give you everything that you need. So that is definitely a big commitment for Admin Books. And we’re always looking for new technology to
Brett:
Beautiful. Excellent. So what are some questions that potential clients ask you and what are some of the answers to those things?
Sabrina:
Yeah, well, we get a lot of different questions. I think when we’re talking about and especially, kind of, focusing on the high net worth clients, I think one of the things that come up a lot is, as people are gearing towards retirement, what they should be thinking about, what they should be doing? How can they save and tax? When should your planning start? Those are the kinds of things that we hear, I think that the retirement pieces, a big one that we hear a lot about, because with high net worth clients, and Brett, I know that you’re familiar with this too, they have sort of a different situation than, then certain other groups of the population where they may have to strategize differently, they need to think about things like Roth conversions. Because they have a traditional IRA, where you have to take the money out by a certain age, you don’t have to do that with a Roth. But there are certain limitations. And so those are kind of the specialized things that I think people ask about or they should be asking about, and I think, other strategies related to retirement, for example, reducing those required minimum distributions for people that don’t necessarily need that money quickly. And I know, of course, we talked about the deferred sales trust, an opportunity to defer taxes and receive that money over time, again, for people that don’t necessarily need the money right away. And so I think those are the kinds of things again, either that we get asked, or we feel that people should be asking, but they don’t know to ask. And so I that’s where we, the education piece comes in, as far as, teaching people about the things they should be thinking about. But I think retirement is really, really a big one, I think that we have a lot of people that are approaching retirement or just getting into retirement, and there are a lot more questions coming up.
Brett:
Absolutely. As part of the silver tsunami, there are about 77 million baby boomers in the US alone, and every single day about 10,000, returning 65. And as a part of that, it’s about 17 to $20 trillion worth of wealth that’s going to transfer Sabrina from our parents’ generation to ours, and the next 20 years. And this is all According to the American Bankers Association, which did a full research study on that. And so it’s happening, right, and so we’re on the front lines. So if you’re hearing, especially, with me being in California, but you certainly serving clients all over the nation, with this huge burden of how do they transfer the wealth without getting absolutely hammered into the tax and there are legal tax laws on the books. And what and books want to do is make sure you take advantage of all those legal things, right, staying within the laws, so that you don’t have to pay $1 more in tax. Is that a fair summary, Sabrina?
Sabrina:
Absolutely. And I think there’s a lot out there that people don’t realize, and, we talked about the deferred sales trust, of course, but there there are a lot of other things out there. There are like-kind exchanges and opportunities, own investments, and things that we don’t hear a lot about, but they’re very big savings opportunities. And so, I agree with that. And I think that is kind of, as you mentioned, this is very pertinent to where we are right now, this time that we’re in and so, absolutely. I agree with that. And that’s why one of the reasons why the deferred sales trust strategy is so exciting to us and Admin Books.
Brett:
Yeah, let’s dive in right into that. So I think it was when I met with Renee, who’s the founder of Admin Books about three years ago, I believe, and we were both a part of what’s called Entree Leadership. It’s one of Ramsey’s solutions, Dave Ramsey, you heard him the debt-free scream, amazing businessman, entrepreneur. And we’re a part of that kind of coaching program if you will. And so we connected and I remember I first introduced it to her and like most CPAs, have, they haven’t heard of it, very cautious and methodical with due diligence as she was and as she should have been. And yet, I started to educate her a little bit and give her information. And likewise, she introduced me to you as a part of her team. And so we’ve gone on this journey now. So take us through maybe the first time you heard about it. Just how and where it’s at now for you, as far as understanding it and the excitement for what it can do for your clients.
Sabrina:
Yeah, absolutely. So definitely, kind of, as you said, when we first heard about it, we went, well, what is this? And it’s one of those things where if you go and do research about it, you don’t really find a lot about it, because which makes sense, right? Because it’s kind of a proprietary strategy that’s been created. So one of the things that we do, the tax, the tax nerds, I’ll call myself that, that we always do is we make sure that we can justify it within what the written tax law says. And so that was kind of one of the first things that we did when Renee and I were talking about it was kind of doing some digging into the underlying tax law. And actually, I think, Brett, that it kind of relates a little bit to the underlying laws related to installment sales and the like, kind exchanges. And it’s kind of an interpretation of that law. And as we don’t, kind of delve more into that. It’s like, okay, we can see where this is coming from, we can see that it’s justified, within the way the law is written. And so it’s been very interesting. I know, one of the things I mentioned early on is the type of tax return that we file is even kind of an interesting, unique thing because it’s called a Deferred Sales Trust. But we’re actually filing on in most in many cases on 1124, which is a C Corp form for those that don’t know, so it was kind of it was definitely a learning curve for us. But we’re always looking for new strategies, we’re always looking to learn and to grow. So it was very intriguing, but, we always use that caution at first, as you said because we do have to use our due diligence and make sure that we can justify what’s happening. And so it’s been quite a learning experience, but very interesting and exciting.
Brett:
Absolutely. And so as a part of it, we mentioned a little bit, in the beginning, he said, 401K’s or IRAs or Roth’s and required minimum distributions different things. The deferred sales trust I feel like it’s kind of like 1031. It’s kind of like an IRA. Right? And that it can not only do capital gains tax deferral but can also do income tax deferral. So would you talk to us a little bit about the strategy of just being able to call tax optimization, right taking income, when it makes sense for you, right? So in the scenario of the deferred sales trust, let’s say you had a $3 million sale of a primary home in Silicon Valley, and you would have taken all 3 million in that given year, but instead, you can stretch it out over a period of time, maybe over 10 years or 20 years, and pay small increments of tax. So just talk about tax optimization and, and how maybe the deferred sales trust fits in with what you’ve already kind of been helping your clients do.
Sabrina:
Yeah, absolutely. So yeah, kind of, as you already touched on it, and I sort of mentioned this, but it’s kind of a combination in my mind of a light kind exchange and an installment sale, as you mentioned, it has to do with spreading that out and receiving that that money over time, and paying tax over time. And what that allows you to do, number one, if we’re talking about capital gains, there are different capital gains rates, depending on where your overall income level falls. So if you’re reporting small amounts over a longer period of time, you potentially could be in one of the smaller tax brackets, it’s usually you’re anywhere from 0 to 20%. And so if you can kind of manage that and strategize, you could maybe keep yourself in the 15%, for example, on those long-term capital gains. So that’s one benefit of doing that. And as you mentioned, Brett, there could also be ordinary income tax implications, let’s say that you have a property that you had taken depreciation on, there could potentially be some deferral available on so depreciation is taxed, not as favorably as regular long term capital gains. And so there may be some different options there as well, again, by spreading that out over time. And one of the things that I really liked Brett, about the deferred sales trust is that it can be used, you mentioned primary residence, it can be used for a primary residence, the way that the law is written right now for like, kind exchange, you cannot use that for a primary residence. So that’s one of the things that’s really nice about it. Because we get that question a lot if I’m selling my primary residence, what can I do? And you’re somewhat limited, or you used to be, but some of these strategies are now coming out. So yeah, it has to do with spreading that out over a period of time, so that you can not only pay those taxes over time and later, but also if you don’t have a need for that money right now, you’re okay with it sitting there and growing and it is invested. It’s kind of a dual win there, I think for people that are looking to kind of hold it, but they don’t need it right now in their pocket.
Being Your Partner, Not Just Your Accountant: “Some people want it to happen. Some wish it would happen. Others make it happen.” – Michael Jordan
Brett:
That’s exactly what we do here. Capital gains tax solutions help you clarify your wealth plan, given your income needs, given your risk tolerance, given your wealth and your legacy, which ties into this next point, which I’m curious to what you think about it, Sabrina, which is the estate tax write, which is a big one, that this is for ultra-high net worth individuals worth more than 22 million married, 12 million single, although in 2025, those are set to expire and likely dropping half 12 million married, 6 million single, anything above and beyond that, say with a 40% debt tax. And so the light kind exchange maintains what’s called the stepped-up basis. However, that doesn’t move those funds outside of the taxable state. Where’s the deferred sales trust, we have what’s called a DST plus, we can add with the funds outside of the taxable estate as well to get the capital gains tax deferral and income tax deferral as well. So it’s kind of like a magic bullet for this ultra-high net worth client. So just you want to touch on just a state tax and your thoughts on that? And what that could mean for four high-net-worth clients?
Sabrina:
Yeah, absolutely. And we kind of have to think about both sides of it. Because as you said, in some cases, you have to make the determination of, do I go this route and focus on the estate tax side of it? Or do I go this route and focus more on that step-up basis, and that possible loss of the step-up basis? And what does that mean? And so you have to kind of weigh those two things. But yeah, the estate taxes for high net worth clients, that’s a big consideration. And as you mentioned, so prior to tax reform a couple of years ago, those estates, those thresholds were actually about half of what they are now. And that set to revert back to that. And so right now, they’re, they’re fairly high, but we think that that’s going to go back down. But yeah, no, that’s it. That’s a huge consideration because 40% is a huge hit. And the other thing to think about is it’s actually a gift and estate tax limit. So if you’re doing gifting in your lifetime, that could also eat into that limitation. And so, yeah, that’s, that’s a huge consideration. And I always say, Admin Books, we are not state tax attorneys, I always kind of recommend getting the guidance of an estate tax attorney, that’s another great partner to have in making that assessment because there are again, different things that you want to consider. But absolutely, you want to think ahead to your state and kind of what you’re leaving for your beneficiaries and, kind of what they’re going to have to deal with. So, absolutely. I love that, that’s a part of this too.
Brett:
Thanks for sharing and by the way, just to clarify, 1031 exchange only works for investment sales now. That’s also part of what changed in the 2007 tax and JOBS Act, where they just kind of narrowed it down. It doesn’t work for primary. It never worked for primary homes. But it doesn’t work for business sales, it doesn’t work for highly appreciated public or private stock, doesn’t work for cryptocurrency. Whereas the deferred sales trust works for all of those. We just closed a deal in Palo Alto, the primary home for 8.3 million, we just closed a multifamily property in Colorado for five. And we’re working on a large stock sale right now. But it’s been done a couple of thousands of times now 25-year track record, over a dozen no change IRS audits, and no pending litigation, which is so important, right, you don’t want to jump into something that has pending or unproven, with the IRS, which DSTs has stood the test of time so far. That being said, let’s dive into the practicality of filing a tax return. Some people get a little bit confused with the process. And essentially you closing a deferred sales trust, and you become the client who sold the seller becomes the lender. And the trust itself owes the full amount plus a rate of return. Now the trust itself is a particular trust that files its own tax return. And then it paid whatever it had paid for the seller they wish they filed their tax return based upon the income they received. So just walkthrough on the trust side, your role, Sabrina, and how you file those tax returns?
Sabrina:
Yeah, so as mentioned, the returns that we’ve worked on so far, we file on, again, what we call a form 1120. It’s typically what’s used for C corporations, which again, is a little bit I think, confusing for people. But yeah, basically what’s being reported on that return are the earnings on those that those funds that have been invested. And then, of course, the expenses are going to be the interest that is accrued and being paid to the client that sold the property and other kinds of administrative expenses, the trustee expense, things like that. And then, the taxpayer, the client, the person that sold the property, they’re only reporting the interest that they received. On that note, essentially, because it’s basically like an installment note between again, the trust and that and the client and the taxpayer. And so really, the only thing that they need to worry about on their individual tax return is reporting that interest income, that they’re going to receive a 1099 IMT from the trust. But as far as the trust return itself, it’s going to be again, the investment earnings, and then less any of those kinds of administrative expenses and that interest expense that was accrued or paid out.
Brett:
Perfect. Yeah, very well said. And then for those who are listening as well, we typically file especially for your clients of ours, if you’re curious, if you become a client of ours, we typically file definitely before October 15, we do an extension by March 15, which is we knew we need to extend it. But we want it we’ll probably shoot for that June or July, maybe even earlier, depending on the year and how quickly you can get Sabrina clear good information right to be able to file the tax returns. So that being said, that’s part of our role as the trustee is to help you file the tax or not to file a tax on behalf of the trust. And then your role is the sellers receive the 1099 IMT and report your interest you’ve received. Or if you’ve just received a principal pay Alex and some clients have a big payout or a partial payout at closing, you’ll report that with your personal CPA. So that is the bike that we ride. It can feel a little wobbly at first, but we’ve written it for a long time. But as the seller, we’re going to help guide you and be transparent with all that along the way. Anything to add to that, Sabrina?
Sabrina:
I know I agree with all that. And I love the idea of aiming for June or July to file US tax professionals. We love to get it done sooner rather than later and not be up against that extension deadline. So love that idea. And yes, thank you for pointing out to Bret that Yeah, and the situation where some principle is received, that the taxpayer, the client would need to report on their individual return a portion of that, and I think it would be reported similarly to again, an installment sale type of situation. So you’ll want to work with your tax professional to make sure that’s being reflected appropriately. But that would really be either that component or the interest. income.
Brett:
Excellent. Great. With that being said, Are you ready for the lightning round?
Sabrina:
I’m ready.
Brett:
All alright, Sabrina, if you can go back to your 20 to 25-year-old self what’s the one Golden Nugget that you would make sure that you would do?
Sabrina:
That’s a good question. Are we talking career or personal?
Brett:
It can be anything. The world is your oyster here.
Sabrina:
I think career-wise, I would have taken a little bit different path. I mentioned I started out in a small firm. One of the things I learned early on is that a CFO, a CPA, you’re kind of expected to wear multiple hats, you’re kind of expected to be sometimes a lawyer, sometimes a financial planner, lots of different things. And I think, for me, personally, I feel that I work better being trying to be really good at one or two things, and not just okay are good enough at lots of different things. And so I think I probably would have taken a little bit of a different start to my career path, however, then I might not have ended up where I am with Admin Books. So it’s kind of a mixed bag there. But I think that’s one thing I would say, just from a career standpoint.
Brett:
Excellent. That’s a great answer. What is the biggest challenge you’re currently facing with your professional career?
Sabrina:
Obviously, I’m pretty much all tax at this point in time. And I think, one of the struggles we have with some of our clients and some individuals is getting them more engaged, which is why we talk about how our sweet spot clients are the ones that do want to be educated and be engaged with us. We have some that just want to be compliance clients, and that’s okay. But our sweet spot is really the education piece. And so I think that’s kind of a struggle. And also, just from a general standpoint, keeping up with the constant tax law changes is really, that’s always kind of been a challenge. I think it’s almost more challenging now because things keep getting getting getting pushed back later. And later, sometimes we’re finding out things in February when tax season has already started. And, and of course, right now we have a new administration. So we don’t know what changes are coming down the pipeline. So I think but that’s kind of always been a thing. So but I think those two things are really significant right now.
Brett:
Excellent. Thanks for sharing that. What’s the number one book you’ve recommended or gifted the most in the past year?
Sabrina:
So one that we’ve talked about a lot, actually through Admin Books, it’s called Traction, it’s by Gino, let me actually check the name, I think it’s Gino Wickman. And it basically has to do with it’s called an entrepreneurial operating system. And it’s kind of a management framework to help you kind of get better control of your business, we have actually, our leadership team has actually really drilled into that framework. And we’ve tried to kind of model the Admin Books model after that. And so we highly recommend that for people that have a business. Another book that Renee is currently reading that the leadership team will be reading is Business Made Simple by Donald Miller. I heard really good things about it as well. So I’m excited to read that. So just a couple of recommendations, obviously kind of geared towards business, business people with businesses.
Brett:
Absolutely, very well said, appreciate that. What are you curious about right now?
Sabrina:
I am curious about well, I kind of already touched on this. But what kind of tax law changes are coming down the pipeline with a new administration? I think a lot of people are thinking about that. kind of also. I’m curious about how this tax season is going to go. So I’m sure everyone is aware that last year, we had an extension due to COVID-19. And so we’re kind of on pins and needles? Not really sure, I will tell you, we’re hoping that there’s not because we want to have our tax season and then have our usual kind of ebbs and flows of a normal year. So I’m curious about that. Really, right now.
Brett:
Very well said. And the last question here for Sabrina is, after all your success, you being a CPA, success with Admin Books for six years, really focus on being a partner with your clients, not just an accountant, how do you stay centered in your values and how do you stay encouraged to reach for new heights?
Sabrina:
Well, I don’t know if this sounds cheesy, but honestly, it’s my kids. My kids are my inspiration in everything that I do. And so every time if I’m feeling discouraged, or I’m feeling like I’m hitting a wall, I think about them, I want to be a good example for them. It’s trying to raise successful people who become successful adults. And so they keep me grounded, and they keep me focused on those values and those goals. More than I think anything else.
Brett:
Amazing. Absolutely love that. Likewise, same here. I got five kiddos, and they keep me on my toes. They keep me motivated, they keep me challenged. They keep me growing in so many ways. So I appreciate you sharing that. And I appreciate you sharing a part of your story with us and sharing us your insights and wisdom on tax preparing a bit about the deferred sales trust. For our listeners who want to get in touch with you directly, what’s the best place for them to find you?
Sabrina:
Yeah, absolutely. So I would say a good starting point would be the Admin Books website. So it’s just www.adminbooks.com. Also, if you want to reach out to us, we do offer a complimentary get-acquainted meeting if you’d like to kind of get to know us and are interested in our services. And so if that is something you would be interested in, you could either email support@adminbooks.com, or if you want to kind of direct it to the tax department, it would be taxes@adminbooks.com. Those are a few ways that you can reach us and we do also have other resources as well. We have a newsletter that we put out so if you’re interested in that just reach out to us but and we have a Facebook I believe as well. So there are lots of different ways that you can reach us but that probably the starting point.
Brett:
Absolutely, I appreciate that. And I want to thank you for being on the show and also want to thank our listeners for listening to another episode of the Capital Gains Tax Solutions Podcast where as always, we believe most high net worth individuals and those who help them, they struggle with clarifying their capital gains tax for options. Not having a clear plan is the enemy using a proven tax deferral strategies such as the deferred sales trust, and or connecting with someone like Sabrina, for a partner, and all of your bookkeeping, tax preparing, and growing your business is the best way for you to grow your wealth. Please reach out to me, we can help you clarify your options with a deferred sales trust by going to capitalgainstaxsolutions.com or if you’re a business professional. You want to learn how to become a strategic alliance with us and offer the Deferred Sales Trust for your clients. You can go to experttaxsecrets.com.Please Rate, Review, Subscribe. We appreciate everybody being a part of today’s show. Thanks, everybody. Bye.
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About Sabrina Wilcox
Sabrina graduated with honors from Central Michigan University with a Bachelor of Science degree in 2007. She then graduated from the accounting program at Lansing Community College, completing the necessary coursework to sit for the Certified Public Accountant (CPA) exam. After passing the CPA exam in 2009, she joined a small CPA firm. Sabrina prepared individual, corporate, partnership, trust and estate, and nonprofit returns, and participated in tax planning/consulting as well as handling IRS correspondence related to past due taxes and penalties. Sabrina provided numerous other accounting and bookkeeping services(including payroll processing and maintenance of monthly accounting records) to a variety of clients. Sabrina obtained licensure as a Certified Public Accountant in the State of Michigan in 2010.
