ANDERSON BUSINESS ADVISORS THETAX WHISPERER Clint Coons Demystifies Real Estate Taxes
BY BOBBY BURCH
eath, taxes, and stress. A triad seemingly inevitable for any American taxpayer. Roughly 52 percent of American adults report
for clients. Often, investors are stressed for fear of overpaying in taxes or not reaping the return they deserve, Coons said. That’s why Coons and his team take a methodical approach to caring for their clients — not one that frantically searches for solutions at the last minute. “Most people get stressed out because they hear about ways to save taxes, but they do not know how to do it themselves and their CPA is not very helpful in analyzing their situation to find deductions,” he said. “To help relieve our clients of this stress, we tell them we need to take a proactive approach and begin planning at the start of the year, not 60 days before their taxes are due.” Founded in 1993, Anderson Business Advisors is a business planning and consulting firm that focuses on asset protection for real estate investors and other enterprises. With offices in Las Vegas and Tacoma, Washington, Anderson has realized steady growth over the years thanks not only to dedicated service but also its leadership’s diverse experience. While he now leads a team of more than 200 employees, Coons’ first foray into real estate was working as a framer. The hot, hard job taught him what he values in work and it ultimately led him to realize his professional goals.
that they find the process of filing taxes to be a stress- inducing mess, according to a survey by TaxSlayer. The Internal Revenue Service now has more than 800 unique filing forms. Its Tax Code language and statutes have nearly sextupled in verbiage between 1955 and 2017 — from 609,000 words to 2.4 million words, according to the U.S. Tax Foundation. What’s more, about 169 million American taxpayers and businesses spent 8.1 billion hours and almost $200 billion on their tax preparations in 2017, according to a study by the policy think tank American Action Forum. For real estate investors, the task of tax preparation may seem even more daunting. When owning a handful of properties, operating several businesses, earning income from various states, and navigating ever-shifting regulations, taxes for investors can quickly get complex. But for Clint Coons, founding partner with Anderson Business Advisors, therein lies one of his greatest joys— helping people navigate and succeed in the convoluted world of business planning and tax strategy. An attorney and author of Asset Protection for Real Estate Investors , Coons said he enjoys distilling complicated law and tax structures into simple terms
16 | think realty magazine :: april 2020
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