- Home and New Book Release
- Book Chapter & Praises
- Licenses and Services
- One Big Beautiful Bill
- 100 Tax Tips Series
- Contact Us and Fees
- Credentials/Testimonials
- 2026 Tax Planning Series
- 2025 Tax Planning Series
- 2024 Tax Planning Series
- 2023 Tax Planning Blogs
- 2022 Tax Planning Blogs
- Small Biz Tax Planning
- Real Estate Tax Planning
- Smart Youth Tax Planning
- Retirement Tax Planning
- Non Profit Tax Planning
- Life Ins. Tax Planning
- Events
weekly FLY Events
WEEKLY FLY CLASS 9/24/26 YOUNG PROS BUY HOUSE
Expert Arthur An shares his insights
How to be financially ready to own your first home?
Zoom Class Thursday 9 pm Eastern
FLY CLASS: HSA FOR YOUNG PROS
Ten FAQs about HSAs
1. What is an HSA, and why is it considered to have a "triple tax advantage"?
2. What is the age of my child who is eligible for an HSA contribution?
3. If I am under 26 and still covered under my parents' health plan, can I open and fund my own HSA?
4. If I am young and rarely go to the doctor, why would I need an HSA?
5. What everyday healthcare products qualify as eligible HSA expenses beyond doctor visits?
6. Can I invest the money in my HSA into S&P 500 index funds, or does it have to sit in cash?
7. What is the preferred brokerage HSA account?
8. What is the difference between an HSA and an FSA, and will I lose my unspent funds at the end of the year?
9. How much can I, a college student, contribute to an HSA each year, if I don't have enough earned income?
10. If my child (18-26) has his or her HSA, should my child file their own Form 1040? Or can a parent still claim my child as a dependent on the parental tax return?
Thursday 9/10/2026 9pm
https://luma.com/5eqvllqe $19.99 per family per week
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FINANCIAL LITERACY FOR YOUNGSTERS: FINAL CASE COMPETITION
Young people presenting
Their financial planning toward financial freedom
Free. August 27, 2026 9:00 – 10:00 PM ET
Meeting ID: 201 171 5105 PIN: CAPA
Chief Judge: Mr. Steve Parisi
President and Owner of IBC Global, a leading company in cash value whole life insurance policies.
Bonus: Steve will demo young people’s policy structuring. Use my children’s (Chris & Kevin) life insurance policies to showcase how an efficient policy is designed.
More FLY Classes
FLY THURSDAY TAX TALK: TEN STEPS TO BUY A HOUSE UNDER 25
Book authors Mike, Chris (22) and Kevin (20)
We will share our stories and advice of how to become a homeowner (and landlord) under 25!
1. What are the benefits of owning a house so young?
2. Five tips to build up your credit score
3. Seven ways to save your down payment
4. Five locations to invest in real estate
5. How to deal with three Ts in college town: tenant, trash, and toilet?
Thursday, August 20 9:00 PM - 10:30 PM Eastern
https://luma.com/9b45mugs
Zoom meeting: https://zoom.us/j/8782712588
Password: TBD
$19.99 per week per family
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YOUR FIRST W-2 JOB: 10 THINGS TO DO RIGHT AWAY
Weekly FLY Class 8/13/2026 9pm Eastern
https://luma.com/3c3pmw4h
Got your first W-2 job? Ten things to do:
1. Fill out the W-4 form to avoid over-withholding
2. Figure out 401(K) contribution amount
3. Figure out 401(K) investment option
4. First year tax return readiness
5. Employee fringe benefits: tuition assistance plan; commute plan; and parking
6. HSA contribution
7. IRA contribution
8. Restricted stock unit matter
9. Graduate school plan
10. Certificate or license
Weekly class fee $19.99
Slides
Recording
Class notes
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TURNING 18: TEN THINGS TO DO ON YOUR ADULTHOOD CHECKLIST
Turning 18? Parents please help with these ten important tasks
1. Healthcare (Medical) Power of Attorney
2. Revocable Living Trust + Beneficiary Assignment
3. Financial Power of Attorney
4. Last Will & Testament
5. Single member LLC with Tax ID
6. Checking Account (personal and business LLC)
7. Credit Card (personal and business)
8. Roth IRA (requires earned income)
9. Health Savings Account (HSA)
10. Establish Earned Income (W-2 or 1099) to pass the 1/2 Support Test (IRS Form 8615)
Weekly Topic 8/6/2026 9pm ET
Zoom meeting: https://zoom.us/j/8782712588
Password: TBD
Register: https://luma.com/9agw4hwo
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THURSDAY TAX TALK: 12 INVESTMENT ACCOUNTS FOR FLYERS (7/30)
12 Investment Accounts FLYers should set up and grow (with parents' help)
Please register at https://luma.com/998ufrhc
Cost: $19.99 per weekly class
Zoom format: Thursday 7/30/2026 9pm to 10:30pm Eastern
What you will receive from this registration:
1. Slides
2. Speech notes
3. Zoom recording for replays
4. Bonus book chapter of FLY Real Estate Guide
5. Exclusive access of my Tax AI Agent!
Tax AI Agent: https://www.wukongdojo.ai/wukonggpt/agents/6f8ed0d7-57f7-492b-8b04-02f2f34d3ad5
Age 0 to 18
1. Coverdell Education Savings Account
2. 529 plan
3. Trump Account
4. UTMA
5. Cash value whole life insurance
6. Cash value index universal life insurance
Age 7 to 18
7. Minor Roth IRA
Age 14-18
8. Employee 401(K) with employer matching
9. Teen brokerage account
Age 18+
10. HSA (18-26)
11. Solo 401(K)
12. Trump IRA
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NEW FLY BOOK PUBLISHED!
Financial Literacy for Young People - Series 1
Become a Homeowner and Real Estate Investor Before 25
a Parental Guide to Financial Freedom
A FLY Guide to Real Estate: Owning and Managing Property When You're Under 25
https://www.amazon.com/FLY-Guide-Real-Estate-Financial/dp/1966261152/ref=sr_1_1?crid=1RD5L9Y9HX4IR&dib=eyJ2IjoiMSJ9.ap54hlpmS4buhJMHx3z0CFnISJOPFBxvDAWhl3tH68oa356TP9uweViTPs_OPKOFigcO0pbJ5ijTn1X4KyRYRDm9JSfu6l8nX3Ws9itlpXw.1xMSHDeSEzHHwAjUtBg9n4uchmkvpTilpKQ6igwNSbE&dib_tag=se&keywords=mike+nie+book&qid=1776047190&sprefix=mike+nie%2Caps%2C161&sr=8-1
Book audience
FLY Book 1: Become a Homeowner and Real Estate Investor Before 25 is the first book of Financial Literacy for Young people (FLY) book series.
Pre-Order (Closed as of 3/31/2026). Over 70 young pros will receive our free book
Order from Amazon:
https://www.amazon.com/FLY-Guide-Real-Estate-Financial/dp/1966261152/ref=sr_1_1?crid=1J76MTPJEDAJJ&dib=eyJ2IjoiMSJ9.ap54hlpmS4buhJMHx3z0CH3jFBQicM16Ju2ccHEFWreOwl7dCuE9Xl-FN29sZn-LOAPVAaOLByULJVLyp3Ig9w.ozzhQB5D3NcanvICAl9SFt_SG-NE4-rS3TUrDiIAHRY&dib_tag=se&keywords=mike+nie+book&qid=1783814031&sprefix=mike+nie%2Caps%2C242&sr=8-1
FLY Weekly class: Kiddie tax deep dive
Ten things to know about kiddie tax
- What is "unearned" vs. "earned" income (and the Roth IRA loophole)?
- What is the dollar amount threshold?
- How to deal with kiddie tax when your child (or grandchild) is below 18?
- How to deal with kiddie tax when your child (or grandchild) is between 19 and 24?
- Do I need to file a tax return for my child if kiddie tax is triggered?
- What tax form to use (Form 8615)?
- When to use Form 8814 (and when to avoid it)?
- What is UTMA and how to minimize kiddie tax?
- What wealthy families do to gift money to young children?
- What is the "buy, borrow, and build" strategy around kiddie tax?
Thursday 9/17/26 9pm ET Zoom
Register $19.99 per class
fly summer program 2026
Target Students
High school and college students (16-24)
Updated Contents
1 College Cost Gameplan: 10 real-world strategies to afford your higher education
2 Ten FLY rules that benefit you lifetime: e.g., no money, no honey. Uncle Sam is not your uncle
3 Campus Rental Strategy (co-taught by Chris Nie and Kevin Nie): How to use OPM secret to create passive income
4 Minor Roth IRA: From first paycheck to millionaire habits
5 Ten things your CPA advises you to do by the age of 18: personal brokerage account, personal budget tool and personal living trust
6 HSAs for Young Adults: How to triple-tax shelter your health & wealth
7 Cash Value Life Insurance: Contribute to your "family bank" with properly structured policies
8 Power of Compound Interest: Buy, Borrow and Build strategy to perpetuate your wealth
9 Trump Account and Trump IRA
10 AI era career planning. By Sasha, Olesia, Gabe and Nick
Navigating the AI Era
Teens and Future
Navigating the AI Era: How to Cultivate the Four Core Pillars for Students.”
Career and Finance Preparation
Join CAN for a special online workshop with Mike Nie, CPA, CFA, CFP on “Navigating the AI Era: How to Cultivate the Four Core Pillars for Students.”
Workshop Detail
Date: Saturday, May 23, 2026
Time: 7:00 PM – 8:00 PM
Format: Online
Language: English
Recommended For: Grades 4–12 students and parents
CAPA BC Workshop
Young Pro Tax Filing
College
IRA
1099 NEC
More
Tax Education and Training
Bonus: My sons and I have completed our new book (scheduled to publish mid-March). FLY guide for real estate: owning and managing property under 25. Please order an autographed paper copy with the link below. Young pros (18-25) may get for free, if you provide a quote of money and wealth.
https://docs.google.com/forms/d/e/1FAIpQLSdH2uMxCBvVUpJ-RQskmEjCo8Ib2dENACcas-x8I_bXHABbXA/viewform
Young Pro Tax Planning (Ages 18–26)
Tax Planning
📅 Date: Monday, December 29
⏰ Time: 9:00 – 10:00 PM (EST)
💻 Format: Zoom (Online)
Tax Preparation
- Why and how young adults (ages 18–26) should file their own tax returns
- A step-by-step 2025 tax return simulation using professional tax software (real example)
- Bonus: Ten essential financial and tax-related actions every young professional should complete by 12/31/2025
- Presentation conducted in English
Zoom Access
Zoom ID: 878 271 2588
Passcode: 219219
Why And How College Students Should File Their Own Tax Retur
Tax Planning
Coach Mike will walk through my year-end financial wellness report with Chris and Kevin, my two college sons. I will also explain why and how young people should file their own tax returns, including a practical walkthrough using 2025 tax professional software.
Tax Workshop
- Date: Tuesday, December 23, 2025
- Time: 8:30–9:30 PM (ET)
- Language: English
- Host/Organizer: CAPA-NoVA (Education & Community)
- Format: Live Zoom seminar
- Zoom ID: 904 983 5892
- Passcode: CAPA
fly topic: how to buy a house at 18: chris nie & Kevin Nie
Real Story. Real Success
“Teach your children how to fish; rather than give them fish.” – Chinese proverb.
My sons Chris (20) and Kevin (18) will share their personal experience and lesson learned from home ownership, conflict management, and business negotiations.
Real story, real life. Topics include:
1. Location location location
2. The 3% downpayment rule
3. Let money work for you; not you work for money
4. Real estate mentor
5. Attitude determines your altitude
OPM: Real Estate Secret
Date: Tuesday 8/19/2025
Time: 9pm Eastern
Zoom code: see the flyer.
Fee: welcome your contribution to Chris’s and Kevin’s college tuition
financial literacy case competition
When
Date: 7/31/2025 9-10 pm. Zoom ID: 9049835892 PIN CAPA
Who
Ten college and highs school students will compete!
Whom
Judge: Steve Parisi, CEO of IBC Global, is a nationally renowned cash value life insurance and wealth building expert. His new book is available at https://www.amazon.com/Whole-Insurance-Unlocking-Secrets-About/dp/B0FGN7NFWY: “Whole Life Insurance | Unlocking the Secrets About Cash Value: How Banks, Corporations, and the Wealthy Use Cash Value Life Insurance.”
FLY Six-Week Programs
SIX WEEK FLY PROGRAM (FINANCIAL LITERACY FOR YOUNG PROS)
Topics to cover
***Targeted to young professionals ages 25-35***
1. First job - employee benefits
2. First house - tax savings and credits
3. First marriage - MFJ or MFS
4. First rental - Schedule E
5. First baby - UTMA, 529, ESA and cash value whole life
Bonus Content:
1. Tax planning around medical power of attorney & living trust
2. Tax strategies for your first LLC or side business/gig income
3. Tax benefits for solo 401(K), HSA and backdoor Roth IRA
Sponsored by Chinese American Network, a 501(c)(3) non profit
Zoom class, Recording, One sign-up, Parents can listen in for free
SIX-WEEK FLY CLASS (FINANCIAL LITERACY FOR YOUTH) (EACH JULY)
Zoom class every Thursday 8:30pm Eastern
Toward high school and college students
Tax matters you should know but college does not teach you
1. Ten strategies to fund college expenses.
2. How to use compound growth to achieve "Let money work for you, not you work for the money."
3. Do not chase hot stocks. Do not chase hot girls.
4. Ten things to do for your eighteenth birthday.
5. Rich dad vs. Poor dad.
6. Professional and financial career advice in the AI age.
Prior year student feedback (Aileen from Columbia University):
https://youtu.be/KenoX7SVyl0?si=S3a5oIDickjeV5xv
FLY 2025 - Financial Literacy for Youth ($360)
New content, new case studies, and new tax law
Class agenda (subject to change).
1. College Cost Gameplan: 10 real-world strategies to afford your higher education
2. Ten FLY rules that benefit you lifetime: e.g., no money, no honey. Uncle Sam is not your uncle
3. Campus Rental Strategy (co-taught by Chris Nie and Kevin Nie): How to use OPM secret to create passive income
4. Minor Roth IRA: From first paycheck to millionaire habits
5. Ten things your CPA advises you to do by the age of 18: personal brokerage account, personal budget tool and personal living trust
6. HSAs for Young Adults: How to triple-tax shelter your health & wealth
7. Cash Value Life Insurance: Contribute to your "family bank" with properly structured policies
8. Power of Compound Interest: Buy, Borrow and Build strategy to perpetuate your wealth
9. OBBBA tax law and how to benefit from it
10. AI era career planning. By Sasha, Olesia, Gabe and Nick
Past FLYer Testimonials
1. 该讲座提出的想法和操作令我感到耳目一新，具有很强的启发性。我尤其喜欢案例教学法，而且注明税法出处的做法很对我的胃口，授人以渔嘛。由于小孩已是高中最后一年，我希望如果能早几年学到就好了。
2. Thank you so much for your email and the replay. I learned so much for you. I have 4 kids, oldest one is 13 and youngest one is only 3. Can we hire you as our consultant to help us plan? My husband only speaks English.
3. I was very impressed by your four outstanding kids - you have taught them well! We need to learn from you.
4. Mike, It was very good, your children are amazing and very knowledgeable ! You are a great parent too [强][强]!
5. 我喜欢你教孩子们的方式，向你学习。也谢谢你让我对数字货币有了不一样的认识。
6. Mike老师的上一期课（Smart Tax Planning for Young Pros ) 针对刚进入职场的年轻人，在平台推出，之后，受到了广泛欢迎。 课程深入探讨了对年轻人特别有操作性的税务规划，包括创业，各项省税办法，副业，401K/Roth/HSA, 保险，房产投资，cryptocurrency， 家庭基金会等等。 Mike 老师并在平台举办了三次大型免费公益讲座， 每次Zoom Room 都爆满
7. Very good . The more I attending your class , the more I learn knowledges, the more I set mind settings to financial awareness
Career coaching: I am deeply grateful for your guidance and for sharing this information. Accumulating knowledge and being proactive are key elements to success.
8. Hey Mike, well this year I have even more to be thankful for because God put you into our life. May He bless you with happiness and health this holiday season.
9. Mike, you do great job on training next generation wealth management skills
10. Your passion and knowledge will help more people if you connect with CAPA platform!
hosts its annual vision board exercise toward young pros
FIRE Tax Planning
Coach Mike will cover (1) goal setting for young people through vision board; (2) Coach Mike and Chris share their vision boards in 2024 and 2025; and (3) Coach Mike, Chris and Kevin talk about FIRE strategy (Financial Independence and Retire Early) related tax planning.
Agenda
Date: Sunday, 2/16/2025 3-7 pm Eastern
Address: 2726 Gallows Road Game Room Vienna VA 22180
Parking: Free parking across the street at Harris Teeter grocery store garage
tax planning for financial freedom: Young Pros
Assistant Coach Olesia
Smart 1040 hosted six-week tax planning for financial independence to a group of young professionals. The last class was run by four coaches of Smart 1040, all Coach Mike’s children.
Assistant Coach Chris
1. Olesia talked about budgeting. Budget does not mean you have live your life on a tight budget.
2. Chris talked about using his single member LLC (Nieviation Consulting LLC) to earned 1099 NEC income by teaching flying.
3. Sasha talked about the latte factor. How a $5/day latte could destroy your financial freedom dream.
4. Kevin shared his experience of “pay yourself first,” and “let money work for you, not you work for money.”
Assistant Coach Sasha
Lastly, all shared one Toastmasters table topic question: if you leave no money to your descend, and you only leave one financial wisdom as an advice, what will it be, and why?
1. Olesia: save now. Let it compound.
2. Chris: take some risks. Most young people regret they did not fly as a pilot.
3. Sasha: set a goal.
4. Kevin: do not catch up with the Jones.
Assistant Coach Kevin
Psalm 145:4 ESV: “One generation shall commend your works to another, and shall declare your mighty acts.”
Smart 1040 LLC is a Christiane-based tax planning company, and we use biblical verses to inspire young pros.
young pro tax planning fireside chat
Mike's Four Children Talk with You All
About tax and financial planning learning experience
Crypto tax strategies - Mike
Tax Consulting Services - Coach Mike and manager kevin
Tax Planning to Young People
"It’s not about how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for." – Robert Kiyosaki
Wealth Building by Young People
"Tax planning is a means to an end: wealth creation. The earlier you start, the bigger the benefits."
Budgeting Does Not Mean Living Your Young Life In a Tight Budget
Kevin explained the meaning of (1) living within the means; (2) paying yourself first; and (3) letting money work for you rather you work for the money.
Young Pro; Early Start
"The best time to start saving was yesterday. The second best time is now." - A Chinese Proverb
Tax Consulting
Our team can provide expert tax consulting services for any tax issue you may be facing. Let us help you find the best solution for your tax needs.
CSS 和 FAFSA 申报季的十大税务规划建议
Sponsored by VSA
VSA诚邀您参加11月9日晚8点的讲座，资深专家Mike 教官将从十大税务规划建议为您深入解析CSS和FAFSA。无论您是高净值家庭还是低收入家庭，都能找到适合的规划方案。
Date: Saturday 11/9/2024 8 PM Eastern. VSA Zoom ID. Registration required. Free workshop
Agenda
- Parent asset strategies
- Parent income strategies
- Student asset strategies
- Student income strategies
- Grandparents strategies
- Low income low asset family strategies
- High net worth family strategies
- High w-2 income family strategies
- Creative student Strategies
- Divorced parents strategies
Tax Education
We offer tax consult and training for individuals and businesses who want to learn more about tax rules and regulations.
tax planning workshop for young pros
Why
＂你挣多少不重要，你能留住多少才重要“ —- 税务专家Mike Nie 的讲座会是一场＂及时雨
我承认，咱们的标题有点＂哗众取宠＂，钱嘛当然是挣得越多，税后就会留得越多！ 嗨， 那可真不一定。美国复杂的税法有一条条杠杠，一条条划线， 有时你多挣上一点，正好触线，税后收入可能比挣得少一点儿反而更低。
当然，这并不是本文的主题。 为Uncle Sam打工是在美干饭人或老板都不可避免的， 也是天经地义的。上税是公民的义务、责任也是光荣。 但是如果你了解并掌握了合理合法节税的知识， 那你不仅可以为家庭保留更多的劳动果实， 也可以把省下的资金投入到你直接关心的身边社区的公益中。
What
我听了一次Mike的公益讲座。 有二十余年实战经验， 拥有MBA学位及多种财务税务行业认证的Mike就讲了一对夫妻例子。夫妻俩一人上班年收入15万，另一位是全职研究生。 通过合理的税务规划实现了当年0 税负。
也许有人说， 交税吗， ＂我年底买一份TurboTax 软件算一算就知道哪里能省。” 此话差矣， 此时已是＂事后”， 只是正确报税的范畴。 真正的规划， 比如孩子教育基金， 自己存401K各种选择，退休安排， 那都要多年前预先规划并操作， 才能达到节税效果。
也许有人说，税务知识嘛， 我google搜索一下， 读本书就可以。 这些确实有助于积累知识点， 但需要投入很多时间长期积累才会有比较深入了解。 就说google, 找到知识点很象一棵一棵树，但你很难见到林， 很难有全局的认识。 而且要有稍好一点的搜索效果， 你首先要有对很多行内概念的了解， 这对极大多数行外人士是个很大挑战。
How
有多年实务经验， 见识并已帮助了行行色色背景不一的很多客户进行税务规划的Mike 正好填补了这个空缺。
10月6日起， Mike 㩗手非营利CAN平台， 为社区带来连续六次实用的税务规划讲座， 这些讲座老少咸宜， 尤其对刚开始工作的年轻人及接近退休的留一代将特别有帮助。六次课程总计费用只要300元／人，而一贯热心公益的Mike 承诺捐助一半课程收入给CAN平台发展公益事业。
特别是Mike 这次给CAN平台成员带来特殊的＂一人交费，全家上课＂福利。CAN平台非常感谢Mike 的热心和慷慨。
When
啥也不多说了。 强烈推荐大家报名听课。 不夸张地说，如果听众能从六次课程获得的知识作为起点及契机，来良好安排并规划今后家庭税务， 那今后能省税的潜力可能会超过课费好多倍， 而且全家几代人可能多年受益。
Tax Planning Class上课时间是六个周日晚上9 - 10pm ET, starting from 10/6/24.
报名截止日：10/4/24.
Bonus: 孩子报名，家长可免费旁听。另外如果某次课有时间冲突错过了，会有视频回放。
—————
CAN (Chinese American Network）或美华网络，是一个注册于美国伊利诺伊州的 501(c)(3) 非营利组织。
CAN平台致力于为华人家庭，华人子弟打造温馨和谐的交流、成长及发展平台， 拥有并运营[美国名校ABC相亲群]系列（包括HYPSM五校群，晒贴群及十几个热点地区区域相亲群等），[北美留学生相亲群]系列， 热点市场[租房找房群]系列， [美国名校家长AI应用交流群]系列，［CAN平台实习+内推+职场群]系列，[CAN财务税务研讨群］，［与成年子女交流与沟通群] 等上百个主题群。CAN超百名义工服务遍布北美的数千个CAN社区华人家庭。