Thursday, January 31, 2019

How to Get Big Tax Breaks | Legally Mine


If you want to truly reach financial success, you must reduce the heavy burden of taxes.

With proper entity structuring and smart tax strategies, you will be shocked at the tax breaks that are open to you. The proper use of legal entities for tax purposes is very important because they allow you to take advantage of different laws that will serve you best. These laws can be used to take huge deductions...deductions that are life-changing.  
The Big Tax Breaks You Want
When most people think of tax breaks, the following federal tax credits are first to come to mind:

  • Earned Income Tax Credit
  • American Opportunity Tax Credit
  • Lifetime Learning Credit
  • Child and Dependent Care Credit
  • Savers Tax Credit

Also, small business owners know well the small business tax deductions they can take:

  • Business Insurance
  • Business Interest and Bank Fees
  • Charitable Contributions
  • Education
  • Home Office
  • ...And many more

However, the surprise really comes when you find out that you may qualify for some of the many tax breaks that are afforded to the largest corporations in America. Yes, there is a whole other set of tax breaks that can be taken legally in order to ease your often-high tax burden. These “tax expenditures” are designed to legitimize special interest tax breaks and loopholes. You better believe the corporate giants take full advantage of the tax code that was written especially for them!

Just ask General Electric, the nation’s largest corporation. They are notorious for claiming tax benefits, at times going years without paying any taxes at all. In fact, GE paid less in federal income taxes in five years than a single American family pays in one year. They certainly have earned billions of dollars in tax benefits, though! Dozens of other Fortune 500 firms enjoy the same benefits.

The good news is that you can receive some of the same tax benefits as the big boys!
How Legally Mine Experts Can Help
While CPAs and tax preparers often act more like IRS compliance officers and tax return filers than tax reduction specialists, Legally Mine goes the extra mile to make sure you get to take full advantage of the tax code while remaining 100% compliant to it.

Most tax preparers have no idea that legal entity laws exist because they were created for the super wealthy and the IRS does not widely publicize them. This puts a heavy burden on you to find out what they are and how to implement them.

Luckily, Legally Mine knows the ins and outs of these tax laws and how to put them to work for your benefit.
Legally Mine Reviews
Legally Mine was founded over 40 years ago and currently boasts a team of attorneys and financial experts who help thousands of customers meet their tax reduction needs. We have been able to implement tax-saving strategies that save people, on average, $7,000 per year in taxes.

Here are just a few reviews left by our happy clients:

“In a day and age when customer service is lacking in most businesses, Legally Mine has been outstanding. They have either been able to talk me through my questions or get someone else in the legal team to quickly return my call and answer my questions. Phenomenal customer service.” -Madisonville Vet

“The staff at Legally Mine were very professional. They went over every document and answered every question that we had. They made all of the legal processes very quick and painless.” -Natanya Nielsen

“Great and helpful guidance. Patient with my questions and very informative.” -Justin Rader DDS

See for yourself
how Legally Mine can help you get big tax breaks!

Tuesday, January 29, 2019

Legally Mine: What to Do Before You're in a Medical Lawsuit


While a lawsuit cause is often out of control of the party held responsible, the motivation for the lawsuit is always the same: assets. If your assets are protected, there simply is no motivation to go forward with a lawsuit. However, unprotected assets raise the flag to potential prosecutors that there is money to be won.

Here is how can you protect yourself from a medical lawsuit and how Legally Mine can help.
How to Protect Your Assets
Many medical professionals require their prospective patients sign a disclosure document “absolving” the medical professional of any medical mistake. The truth is, these documents rarely hold up in court.

In addition, you probably assume you are already protected from losing your personal assets should you find yourself in a medical lawsuit because you filed your practice correctly and separated your personal assets from your business ones.

Unfortunately, these two actions do not guarantee you won’t lose everything should you get sued (even if you know you’re innocent and believe you will win your case). Yes, asset protection entities such as LLCs and Family-Limited Partnerships can be used to protect personal assets, but if they are worded incorrectly or the papers are not kept up to date, these entities will lose most (or all) of their effective benefits.

The fact is that a judge can “pierce” the corporate veil and make available all of your personal assets to the lawsuit if the prosecuting attorney names you, the medical professional, personally in the case. However, if your personal assets are protected and cannot be taken in a lawsuit, a prosecuting attorney will be forced to settle with the insurance company instead.


  • Split your medical practices up into multiple locations.
  • Set up a separate company (an LLC) to hold medical equipment.
  • Set up an Asset Protection Trust (and consider an international one).
  • Use LLCs to hold investments.
  • Do not mix safe and dangerous assets.
  • Add additional privacy measures to your LLC.
  • Put your home into a land trust.
  • Strip the equity from your domestic real estate.
  • Place other liquid assets beyond the reach of the courts.

While this can be a lot to take in, and while an average attorney isn’t always equipped to complete all these steps properly, the Asset Protection Package from Legally Mine will get you the protection you and your family deserve.
Legally Mine Reviews from Medical Practices
In recent years, the American Bar Association conducted a survey of their attorneys which revealed that only 0.05% of U.S. attorneys consider asset protection one of their specialties . . . but it is ours!

That’s one reason why our Legally Mine’s clients are so happy with our service. Read for yourself.

“I attended a state conference, and one of the presentations given was from Legally mine. After realizing my exposure to lawsuits and the potential for a serious setback in my financial holdings, I contacted Legally Mine. They carefully walked me through the process. They have patiently answered my questions and advised me with the best decisions that would fit my situation. After setting up several legally protective entities, I am protected and know that my estate will be there for my loved ones.”  -Dr. Leo Hastings, DVM

“Legally Mine has done a fantastic job helping me start up our business. I would’ve never been able to figure out how to create or maintain an LLC by myself. I would’ve had to pay a lawyer several thousand dollars along with another thousand to a different lawyer to help me create a living trust. They really walk you through everything which is exactly what I needed since I really have no experience with any of this. I feel so at ease knowing our family and assets are now protected…” -K Ott

“They provide a variety of services to protect a person or small business’ assets from liability or lawsuits by limiting your exposure. And, a real person answers the phone when you call. The people I have dealt with have been helpful when contacted.” -Joe Zinser

Now that you’ve heard from our happy clients, get started protecting your assets from a medical lawsuit. Contact Legally Mine today!