The EPIC Tax Exempt Trust | 533

The EPIC Tax Exempt Trust | 533

Tax Exempt Trust

Invest in the tax exempt trust and pay no taxes on your money! Generate big tax deductions! If you’re doing it right, you can save hundreds of thousands of dollars! Learn what the tax exempt trust is, how it works, and how you can get the full benefit of all the deductions this year.

Tax Exempt Trust

What You Will Learn About The EPIC Tax Exempt Trust:

  • What the tax exempt trust is
  • How it works
  • The conditions for using it and how to manipulate them
  • The examples of the amount of deductions you can get
  • How tax-exempt trust can save you a bunch in the 4th quarter

Whenever you’re ready, here are a few ways we can help:

Work with me One-on-One

If you’d like to work directly with me on your business… go to, share a little about your business and what you’d like to work on, and I’ll get you all the details!

  • Would you like to meet in person? Our next live event is right around the corner! Go to for the details.
  • Become an Epic community member at The Epic Real Estate Investing Show 
    One of my favorite things to do is share with investors the latest and greatest tactics and strategic friends I make. I do it every week and you can listen in by subscribing to The Epic Real Estate Investing Show podcast on iTunes – Click Here.
  • Grab my book, Epic Freedom ($1) 
    I frequently hear from people looking into investing in real estate for the first time, “How long is it going to take?” So much so, I wrote a short book about the 2 easiest and fastest strategies to a paycheck in real estate. You can grab a copy for $1 and I’ll pay the shipping – Click Here.
  • Join our Badass Investor Program and be a Case Study 
    I’m putting together a new Badass Investor case study group at Epic Real Estate this month… stay tuned for details. If you’d like to work with me on your real estate investing, go to to get started.
  • Also, check these out:


Thank you so much for joining us on this episode of The Epic Real Estate Investing Show! Please subscribe to the podcast so that you will get instant access to our new episodes.

If you found this podcast helpful, please take a few minutes to leave us a positive review in iTunes. Your reviews help to improve our search rankings so that we can spread the love. Thank you!


Speaker 1: This is Theriault Media.

Did you know that up to 50% of your lifetime income will be wiped out by taxes? What if you could stop this madness? Isn’t it about time you play on a level playing field with the wealthiest 1%? Now you can. Tim Berry, attorney at law, shares here each and every week current tactics and strategies that anyone can implement to hack the tax code. Protect your assets and keep what’s rightfully yours. It’s time for Tax Hacker Tuesday.

Matt Theriault: Welcome to another episode of The Epic Real Estate Investing Show. It is Tax Hacker Tuesday with my attorney and friend, Mister Tim Berry. And on Mondays here at Epic, we show you new and creative ways, as well as time-honored ways of making money using real estate. And on Tuesdays, we show you how to keep it.

Hello, Tim.

Tim Berry: Hey, Matt. How are you doing?

Matt: I’m doing well. We had a very lively episode last week, went down all sorts of different paths and we’ve successfully brought it all around to, you just have to know how to play the game.

Tim: Yes.

Matt: Right? I guess. The IRS and our government have given us certain rules to follow. They’ve given us a playbook actually and you just have to be able to navigate it and the one that has the best coach is the one that wins technically in this game, right?

Tim: Indeed it is.

Matt: So Coach Tim, what are we going to talk about today on minimizing our tax liability?

Tim: Today, we’re going to talk about the exciting world of retirement plans. Doesn’t that sound like fun?

Matt: Ah, yawn. Especially for all of us young people.

Tim: Well no, it’s even more exciting for the young people because a lot of times I’ll talk about retirement plans to people and like you said, the young whippersnappers, those people in their 20s and 30s, they’re going to sleep, they’re pouring more coffee, it’s a nightmare for them. But, then we start talking about tax-exempt trusts and how they can invest their money and not pay any taxes on it and that tends to wake them up for some reason.

Matt: Okay. So tax-exempt trusts are what you said?

Tim: Yeah, tax-exempt trust.

Matt: All right. So give me a practical application or two. How would that work?

Tim: Well, what you can do is, gosh, there’s a lot of different places you can go. You walk in the front door and you say, “Excuse me, ma’am, sir, I’d like to set up a tax-exempt trust.” And these will work if you’re 18, 19, 30, 35, whatever. No big deal. And so you just walk in there and say, “I’d like to set up the tax-exempt trust.” They have you sign some paperwork, you’ve now got that trust, and now you can go out and do real estate deals inside this tax-exempt trust.

Matt: Okay. So why is it tax exempt? How does that work?

Tim: Oh. Because they’re set up for your retirement. [inaudible 00:02:46]. And what I’m talking about, I’m just changing the way these are presented to people in that we can talk now about IRAs, we can talk about 401Ks, and most people don’t get excited by them whenever we use the normal language, the normal title, but whenever they realize what they can do for them, be tax exempt, then it starts to get exciting. And not only are they tax exempt, but if you get into some issues, they’re exempt from the claims of creditors. Hell, we could even make them exempt from the claims of the IRS if you really get in trouble.

Tim: And that’s the power of these retirement plans. And for the young whippersnappers out there, you know, in your 20s and 30s thinking, “Gosh, I’ve got to wait 30 years, 20 years, to utilize these things.”

Matt: Yes.

Tim: Maybe you don’t. Maybe you have parents who are over 59 and a half and they can gain access to this money and if you invest properly inside these things, it builds up, parents have that money and if you do it with a Roth account, they can take that money out after the account’s been open five years and they’re over 59 and a half. And that’s completely and totally tax-free money. It just doesn’t get any more exciting than that.

Matt: All right, so if the young whopper snapper opens up the tax-exempt trust, the parents can have access to it if they’re [inaudible 00:04:06] of age?

Tim: Well what they can do is they can open up the tax-exempt trust for the parents.

Matt: Oh, I got it.

Tim: The parents have a business, we set up the tax-exempt trust for the parents, the young whopper snapper moves the investments over. Instead of the whopper snapper taking down the deals, it’s the parents’ tax-exempt trust that takes down the deals, and now whenever they make the money, chances are it’s going to be tax-free money. Now they just have to have that account open five years and they can start taking that money out completely, totally tax-free if done correctly.

Matt: Got it. You have to trust your parents.

Tim: I know. That’s a big stretch for a lot of people. Big stretch for a lot of people. But you know, let’s forget about the parents for right now and that’s for the young whippersnappers for the older people like me, the elderly shall we say, [inaudible 00:04:56] and the elderly. These tax-exempt trusts, they’re great for generating deductions. I just talked to somebody. It was last week, the week before. They had been paid $100,000 a year for the last four or five years from their business and in 2018, they weren’t going to get a salary at all. They set up one of these retirement plans and they’re going to be able to deduct $300,000 a year for the next three years from their business, even though they’re not getting a salary. I mean, that’s one of those holy schmoly events right there.

Matt: Mm-hmm (affirmative). Interesting.

Tim: Yeah. So now they could pile. I mean, let’s throw out a hypothetical. The business is still going. It has these $300,000 a year contributions to a retirement plan. Business doesn’t have the capital to fund those. So this guy can be moving in, I don’t know, a couple hundred thousand a year into that business. And now let’s say the business fails after three years and he dissolves it. If you move 200,000 a year into it for a three year period, that’s another $600,000 in tax deductions he got.

So, if you know how to work the rules of the game, these retirement plans can be absolutely phenomenal with the deductions that can be generated.

Matt: Mm-hmm (affirmative). So does the trust own the Roth IRA or is it the other way around?

Tim: Well the tax-exempt trust is just another name for the Roth account or the retirement plan. I just wanted to use a sexier name. It’s all about marketing, isn’t it, Matt?

Matt: Got it. Got it.

Tim: Come on. Get with the program, Matt.

Matt: I know. I totally blew that one.

Tim: Keep up with us. Keep up, okay? So-

Matt: Well you could’ve come up with an even more spectacular name that would’ve made it really confusing.

Tim: Like?

Matt: [inaudible 00:06:46].

Tim: Let’s hear it.

Matt: Oh I don’t have one off the top of my head.

Tim: Oh, oh. I got a fantastic one. You ready for this?

Matt: Yes.

Tim: An epic trust [crosstalk 00:06:54] epic trust.

Matt: We could start a whole movement with that technique. Super. We got it.

Tim: But no, I mean that’s the cool thing of these retirement plans and I guess going back to the end of the year theme, the end of the year theme is you can generate big tax deductions with these literally hundreds of thousands of dollars if you’re doing it right. And even if you got just a Joe six-pack situation, you could still probably plow away $40,000, $50,000 if you do things right.

Let me just share with you a conversation I had. Gosh, maybe two hours ago with a veterinarian. This guy’s making $900,000 a year and his financial planner had him in something called a simple IRA plan. And with a simple IRA plan, he’s allowed to put away 3% of his salary each year. Well, his salary’s minimal because most of its investments. So this guy’s able to put away let’s say $6,000 or $7,000 a year. Generate a deduction of 6,000 or 7,000 a year, even though he’s netting 900. I mean that makes absolutely no sense.

So, if you’re self-employed, if you have your own business and your tax advisor doesn’t have you getting tens of thousands of dollars in deductions for a retirement plan, something’s wrong. Something is dramatically wrong.

Matt: Mm-hmm (affirmative). Yeah, I was going to ask because I know there’s a limit on that. I was like, how is that going to save you a bunch in the fourth quarter?

Tim: Oh, well you can set these things up on December 31st, plow the money in and life is good. In fact, better yet, you can set these things up and then you can wait until October 15th of next year and then you can plow money into it and you still get the tax deduction for this year. So you’ve got plenty of time. You just need to make sure things are set up and signed before December 31st.

Matt: Fantastic. Alrighty. Well, I like that one. Anything else on the retirement plans?

Tim: No, I can’t really think of anything else right now. There are so many more aspects we could talk about on these things, but let’s just keep it simple and say, if you’re self-employed, if you have your own business, consider a retirement plan and make sure it’s set up by December 31st in order to get the full benefit of all the deductions.

Matt: Perfect. Well, thank you, Tim.

Yeah, whenever you’re ready to have Tim customize your epic trust, you can go to, answer a few questions about your situation, tell Tim what you’d like to have happened. And his team, they’ll take it from there. You’ll be in great hands and he’ll even give you a copy of his free book, All around Trump’s New Tax Plan. Specifically what the press isn’t telling you about what they’re keeping a secret. So go to and we’ll see you right here next week. Take care, Tim.

Tim: You too, Matt. Thanks.

Speaker 1: That’s it for today. As we dream of a tax system that works just for you, but until then, you have Tim Berry. See you next Tuesday for another episode of Tax Hacker Tuesday.