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How NextGen Helps You Save on Taxes Legally
Hi, I'm the founder of NextGen Books & Tax, and I've helped hundreds of small business owners navigate complex tax situations with confidence and compliance.
We specialize in maximizing legitimate deductions and credits that many business owners miss, putting thousands back in your pocket — all while staying 100% compliant with IRS regulations.
Our expertise goes beyond standard tax prep. We understand the unique challenges of cannabis and real estate businesses, industries that face complex regulatory environments and need specialized tax strategies.
Specialized Expertise in
We specialize in the most complex tax situations where expertise truly matters. Our deep industry knowledge translates directly into massive tax savings for our clients.
Cannabis Industry
IRC Section 280E Compliance & Optimization
Navigate the most complex tax landscape in American business. We help cannabis operators maximize profitability while staying 100% compliant with federal tax law.
Federal Law IRC 280E
Cannabis businesses cannot deduct ordinary business expenses due to Schedule I classification. Only Cost of Goods Sold (COGS) is deductible.
COGS Optimization
Maximize allowable COGS deductions by properly allocating direct and indirect costs. Our clients typically save $50K-$200K annually through strategic COGS structuring.
Business Separation
Separate plant-touching operations from ancillary businesses (consulting, real estate, packaging). Ancillary entities can deduct all expenses, reducing overall tax burden by 30-40%.
Inventory Accounting Methods
Choose the optimal inventory method (FIFO, specific identification) to minimize taxable income. Strategic method selection can defer $100K+ in taxes annually.
Average Client Savings: $150K - $500K per year
How NextGen Helps:
NextGen provides 280E audits, COGS optimization, entity structuring, and IRS representation for cannabis businesses nationwide.
Real Estate
Advanced Property Tax Strategies
Unlock wealth-building strategies that real estate investors use to defer, reduce, and eliminate tax on property income and gains.
IRC Section 1031 & Bonus Depreciation
Real estate investors have access to powerful tax deferral mechanisms unavailable to other businesses, including like-kind exchanges and accelerated depreciation.
1031 Like-Kind Exchanges
Defer 100% of capital gains tax when selling and acquiring replacement property. Our clients have deferred millions in taxes through strategic 1031 planning.
Cost Segregation Studies
Accelerate depreciation by reclassifying building components. Turn 27.5-year residential or 39-year commercial depreciation into 5, 7, or 15-year schedules. Typical first-year tax savings: $50K-$300K per property.
Short-Term Rental Loophole
Convert passive rental losses into active losses through material participation in short-term rentals (average stay under 7 days). Deduct unlimited losses against W-2 income.
Average Client Savings: $75K - $400K per year
How NextGen Helps:
NextGen delivers cost segregation, 1031 exchange coordination, real estate professional status qualification, and property tax planning for investors at every level.
Advanced Tax Strategies
State Pass-Through Entity Elections & Beyond
Leverage cutting-edge federal and state tax strategies to reduce your tax burden by 20-40% while maintaining full compliance.
Federal Tax Law: IRC Section 199A & State PTE Elections
Section 199A (2017 Tax Cuts and Jobs Act) created the 20% QBI deduction for pass-through entities. State PTE elections emerged in 2020-2021 as a workaround to the SALT cap (now $20K Single/MFS, $40K MFJ). Combined, these laws create massive tax savings opportunities for business owners.
QBI Phase-Out Thresholds (2024)
Single filers / Married filing jointly. Full 20% QBI deduction available below these amounts. Phase-out begins above.
SALT Cap vs PTE Election
Individual filers are capped at $20,000 (Single/MFS) or $40,000 (MFJ) SALT deduction. PTE election bypasses these caps entirely — entity-level state taxes are FULLY deductible with NO LIMIT at the federal level. For high-income earners in high-tax states, this eliminates the cap bottleneck and unlocks massive federal tax savings.
Real Client Example: Have You Worked Overtime This Year?
If you're a business owner who worked 60+ hour weeks building your company, you're likely over the QBI thresholds. We help you maximize W-2 wages, optimize asset purchases (Section 179/Bonus Depreciation), and elect PTE taxation to preserve your full 20% deduction. One client earning $450K saved $67,000 in federal taxes through strategic QBI planning combined with PTE election in California.
PTE (Pass-Through Entity) Tax Election
Revolutionary state-level tax strategy that bypasses the SALT (State and Local Tax) deduction cap imposed by the 2017 Tax Cuts and Jobs Act. CRITICAL: Individual taxpayers are limited to only $20K (Single/MFS) or $40K (MFJ) in state tax deductions annually, but PTE election removes these caps entirely. By electing entity-level taxation, your business pays state taxes directly at the entity level, making them FULLY and UNLIMITEDLY deductible at the federal level — no caps apply. Available in 36+ states including CA, NY, IL, NJ, and most high-tax states. For owners in high-tax states earning $200K+, this single election typically saves $10K-$85K annually in federal taxes by converting capped deductions into unlimited entity-level deductions. Works for S-Corps, partnerships, multi-member LLCs, and certain trusts.
Section 199A: Qualified Business Income (QBI) Deduction
Claim up to 20% deduction on qualified business income under IRC Section 199A. 2024 thresholds: Full deduction for income under $191,950 (single) or $383,900 (married). Phase-out begins above these amounts. Specified Service Trade or Business (SSTB) limitations apply for high earners. Strategic W-2 wage optimization, asset purchases, and income timing can unlock or maximize your QBI deduction even above thresholds. Typical savings: $15K-$80K annually for business owners earning $200K-$500K.
Augusta Rule (IRC 280A)
Rent your home to your business for up to 14 days tax-free. Perfect for board meetings, client events, or corporate retreats. Tax-free income: $3K-$15K annually.
Combined Strategy Savings: $25K - $150K per year
How NextGen Delivers Results:
NextGen analyzes your complete financial picture to implement multi-strategy tax plans that compound savings year after year.
Whether you're in cannabis, real estate, or any other industry, NextGen delivers personalized tax strategies that save you money while keeping you fully compliant.
Schedule Your Free Consultation
Enrolled Agent: Your IRS Tax Resolution Expert
As a federally licensed Enrolled Agent (EA), I have unlimited rights to represent taxpayers before the IRS — a privilege granted to only a select group of tax professionals. Unlike CPAs or general accountants, EAs specialize exclusively in taxation and IRS matters.
What Makes an EA Different?
Federal Authorization
Unlimited IRS Representation Rights
EAs can represent ANY taxpayer before the IRS at any level (examination, collection, appeals) — even if they didn't prepare the return. CPAs typically cannot.
Federally Licensed Tax Specialists
EAs must pass a comprehensive 3-part IRS exam covering all areas of taxation and complete 72 hours of continuing education every 3 years. This is the highest credential awarded by the IRS.
Tax Resolution Expertise
EAs specialize in resolving complex tax problems: audits, collections, appeals, offer in compromise, installment agreements, penalty abatement, and innocent spouse relief.
How EA Differs from CPA
CPAs focus on accounting, audits, and financial statements across all industries
EAs focus exclusively on federal taxation and IRS representation
EAs have broader IRS representation authority than CPAs (can represent any taxpayer, not just their own clients in most cases)
When you face IRS issues, an EA is often your best choice for resolution.
IRS Representation
I stand between you and the IRS, handling all communications and negotiations on your behalf. You never have to face the IRS alone.
Represent you at IRS audits, examinations, and appeals hearings
Negotiate directly with IRS agents and officers for best outcomes
Handle all correspondence and communication with the IRS
Tax Resolution
Resolve back taxes, unfiled returns, wage garnishments, bank levies, and tax liens through proven IRS settlement programs.
Offer in Compromise (settle for less than you owe)
Installment Agreements (affordable monthly payment plans)
Penalty Abatement (reduce or eliminate IRS penalties)
Audit Defense
Comprehensive audit protection from initial notice through final resolution. I've successfully defended hundreds of audits.
Pre-audit preparation and document organization
Represent you at all IRS meetings (you don't have to attend)
Negotiate audit findings and appeal unfavorable decisions
Facing an IRS Issue?
Don't navigate IRS problems alone. As a federally licensed Enrolled Agent, I have the expertise and authority to resolve your tax issues quickly and favorably. Free consultation to review your situation.
Everything you need to File Fearlessly®
We ensure you get every dollar back that you're entitled to, or we'll refund your service fee.
We stand behind the accuracy of your return and will cover any penalties from our errors.
Upload prior year returns to get a jump start! Import eligible W-2s and 1099s automatically.
What Our Clients Say
Real results from cannabis operators, real estate investors, and business owners we've helped save thousands
Michael Torres
Owner, GreenLeaf Dispensary & Cultivation
“280E was crushing our profits until NextGen stepped in. They restructured our operations, optimized COGS, and created separate entities for our ancillary businesses. First year alone we saved $287K in federal taxes. Their cannabis expertise is unmatched — they understand the unique challenges we face and navigate them flawlessly.”
Jennifer Park
Real Estate Investor, 12 Properties Portfolio
“I was paying way too much in taxes on my rental income. NextGen performed cost segregation studies on my properties and helped me execute a 1031 exchange. The accelerated depreciation alone saved me $156K in the first year. They also qualified me for real estate professional status, allowing me to deduct losses against my W-2 income. Game changer!”
Robert Chen
Cannabis Manufacturer & Packaging Company
“NextGen's business separation strategy transformed my tax situation. We separated our plant-touching manufacturing from our packaging and consulting divisions. The ancillary businesses now deduct all expenses normally, cutting our effective tax rate by 38%. They also defended us successfully during an IRS audit — their 280E expertise saved us from a $400K assessment.”
Amanda Richardson
Short-Term Rental Investor, Airbnb Properties
“I had no idea about the short-term rental loophole until NextGen showed me. They helped me qualify for material participation, converting my passive rental losses into active deductions. Now I deduct all my rental losses against my high W-2 income. Plus, their PTE election strategy saved me an additional $42K by bypassing the SALT cap. Absolutely incredible results.”
David Martinez
Cannabis Retail Chain, 4 Locations
“Running a multi-location cannabis business means complex compliance challenges. NextGen manages our 280E optimization, multi-state licensing, and quarterly tax planning seamlessly. They caught inventory accounting errors that would have cost us $180K in unnecessary taxes. Their proactive approach means we're always compliant and always minimizing our tax burden.”
Thomas Anderson
Commercial Real Estate Developer
“As a real estate developer, my tax situation is incredibly complex. NextGen implemented opportunity zone investments, 1031 exchanges, and bonus depreciation strategies that deferred over $1.2M in capital gains taxes. Their strategic planning around entity structuring and cost segregation has fundamentally changed how much wealth I can build and retain. Worth every penny.”
Ready to Transform Your Tax Experience?
Join hundreds of satisfied small business owners who trust NextGen Books & Tax with their finances.
Schedule Free ConsultationBasic Filing
For simple tax situations — file federal and state returns with expert guidance.
Standard
Everything in Basic, plus comprehensive coverage for all common business deductions and credits.
Premium
Everything in Standard, plus priority support, tax audit assistance, and year-round advisory.
Enterprise
Everything in Premium, plus multi-entity support and CFO-level strategic tax planning.
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Your Security & Trust is Our Priority
As small business owners ourselves, we understand the importance of security, confidentiality, and trust when handling your financial information.
Maximum Refund Guarantee
We ensure you get every dollar you're entitled to, or we'll refund your service fee.
100% Accuracy Guarantee
We stand behind every return. If we make an error, we'll cover any penalties and interest.
No-Risk Consultation
Not satisfied after your initial consultation? We'll refund your payment, no questions asked.
Your satisfaction is our priority. We're confident in our expertise and stand behind every service we provide.
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Licensed EA
Our team consists of enrolled agents with years of experience and up-to-date credentials.
100% Confidential
Your financial information is strictly confidential and protected by professional ethics and privacy laws.
Accuracy Guaranteed
We guarantee the accuracy of your tax returns and cover any penalties resulting from our errors.
Dedicated Support
Real people ready to help. No automated responses, just personalized service from experienced professionals.