# How Smart Investors Legally Reduce Taxes Using Entities and Income Shifts with Tom Wheelwright

Page: https://stenobird.com/podcast/the-wealth-without-wall-street-podcast-743349/how-smart-investors-legally-reduce-taxes-using-entities-and-income-shifts-with-tom-wheelwright
Text version: https://stenobird.com/podcast/the-wealth-without-wall-street-podcast-743349/how-smart-investors-legally-reduce-taxes-using-entities-and-income-shifts-with-tom-wheelwright.md
Podcast: [The Wealth Without Wall Street Podcast](https://stenobird.com/podcast/the-wealth-without-wall-street-podcast-743349)
Published: 2026-05-28T05:00:00+00:00
Episode link: https://www.wealthwithoutwallstreet.com/podcast/how-smart-investors-legally-reduce-taxes-using-entities-and-income-shifts-with-tom-wheelwright
Audio file: https://episodes.captivate.fm/episode/6b82f0d3-031e-45ba-8691-0cb7ff7891bc.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/the-wealth-without-wall-street-podcast-743349/episodes/how-smart-investors-legally-reduce-taxes-using-entities-and-income-shifts-with-tom-wheelwright
Duration seconds: 2071

## Resource

Do you want to learn strategies that can save you thousands, protect your wealth, and maximize the return on your investments? In this episode, Russ and Joey sit down with Tom Wheelwright, CPA, author, and expert in tax strategy for investors and business owners, to talk about the different ways smart investors legally reduce their tax burden by leveraging entities, income shifts, and the Internal Revenue Code’s incentives. Tom breaks down the difference between tax strategy and tactics, exploring how business structures can protect income and reduce taxes. He explains why proper entity setup can turn passive and active income into deductions and tax advantages, and why reinvesting in your business may be one of the most powerful tax strategies available. Russ, Joey, and Tom also discuss practical examples, including family ownership structures, real estate strategies, and how to use Section 1202 for business sales to maximize tax-free gains. This episode shares tips on how to structure your business and organize your investments to enjoy tax benefits while keeping tax obligations as low as possible (without breaking any laws!) Top three things you will learn: -Understanding the right business structure to maximize your tax incentives -The difference between tax strategy and tactics -How to organize investments to legally minimize taxes while growing wealth Get your copy of Tom's book, The Win-Win Wealth Strategy: 👉 https://winwinwealthstrategy.com/ About Our Guest: Tom Wheelwright, CPA, is the visionary and best-selling author behind multiple companies that specialize in wealth and tax strategy. He is best known for making taxes fun, easy, and understandable, and specializes in helping entrepreneurs and investors build wealth through practical and strategic ways that…

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/the-wealth-without-wall-street-podcast-743349/episodes/how-smart-investors-legally-reduce-taxes-using-entities-and-income-shifts-with-tom-wheelwright/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/the-wealth-without-wall-street-podcast-743349/how-smart-investors-legally-reduce-taxes-using-entities-and-income-shifts-with-tom-wheelwright.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.