Hidden Money Podcast

An ex-IRS agent who wants to help taxpayers. Too good to be true? No!In this Hidden Money Podcast episode, meet Gabe Hogan, tax attorney, ex-IRS agent, and now a Tax Manager for Revo Taxpayer Advocacy. Gabe’s passion to help taxpayers is palpable as he unpacks the inner workings of the IRS to enable taxpayers to understand the system, its compliances, and how to navigate both the system and the tax code successfully to protect and build your wealth. This is your golden chance to lose your fear of the IRS! Disclaimer: The content of this podcast is not legal advice and is meant for educational purposes only. Social Media Links Instagram: ⁠https://www.instagram.com/hiddenmoney.podcast/⁠ Facebook: ⁠https://www.facebook.com/hiddenmoney.podcast⁠ YouTube: ⁠https://www.youtube.com/@HiddenMoneyPodcast⁠ LinkedIn: ⁠https://www.linkedin.com/company/hidden-money-podcast/⁠ Twitter: ⁠https://twitter.com/hiddenmoney_com⁠ You can also listen to our podcast on major podcast platforms links Spotify: ⁠https://open.spotify.com/show/3rmae1bpxvirzfbM571fOK?si=d2129d6ac9ec4519⁠ Apple Podcast: ⁠https://podcasts.apple.com/us/podcast/hidden-money-podcast/id1683510065⁠ iHeart Radio: ⁠https://www.iheart.com/podcast/269-hidden-money-podcast-113479063/⁠ Amazon Music: ⁠https://music.amazon.com/podcasts/9deef87a-307d-4767-af47-9e01bf0211f9/hidden-money-podcst⁠ Pocket Casts: ⁠https://pca.st/9r46t36⁠ Castbox: ⁠https://castbox.fm/channel/id5413766⁠ Website: ⁠https://www.hiddenmoney.com⁠

Lie - The IRS is my enemy! The more I earn, the more I lose to taxes. Truth - The tax code is a wealth blueprint that my CPA can use to plan and build my wealth. In this episode, CPAs Mike Pine and Kevin Schneider break the fear of the IRS and the tax code, and reveal what tax advocacy is really all about. Listen to real stories, insights and key advice that can transform your fearful tax-planning journey into a powerful wealth-building one. Social Media Links Instagram: https://www.instagram.com/hiddenmoney.podcast/ Facebook: https://www.facebook.com/hiddenmoney.podcast YouTube: https://www.youtube.com/@HiddenMoneyPodcast LinkedIn: https://www.linkedin.com/company/hidden-money-podcast/ Twitter: https://twitter.com/hiddenmoney_com You can also listen to our podcast on major podcast platforms links Spotify: https://open.spotify.com/show/3rmae1bpxvirzfbM571fOK?si=d2129d6ac9ec4519 Apple Podcast: https://podcasts.apple.com/us/podcast/hidden-money-podcast/id1683510065 iHeart Radio: https://www.iheart.com/podcast/269-hidden-money-podcast-113479063/ Amazon Music: https://music.amazon.com/podcasts/9deef87a-307d-4767-af47-9e01bf0211f9/hidden-money-podcst Pocket Casts: https://pca.st/9r46t36 Castbox: https://castbox.fm/channel/id5413766 Website: https://www.hiddenmoney.com

Welcome to Season 3! The revolution is here! The tax code is your map for wealth-building and your CPA is your financial partner! In this episode, CPAs Mike Pine and Kevin Schneider unveil the transformation of their tax firm Pine & Co. CPAs into Revo Taxpayer Advocacy. They’re revolutionizing the approach to tax planning, moving away from traditional CPA roles to become proactive tax-planning and wealth-building partners with clients. Disclaimer: The content of this podcast is not legal advice and is meant for educational purposes only. You can access guest information, relevant websites and contact details, useful links, and more, directly at Hidden Money Podcast To access bonus tax content, go to Bonus - Hidden Money To start using the tax code as a tool to grow your wealth, schedule a call with Revo Taxpayer Advocacy Social Media Links Instagram: https://www.instagram.com/hiddenmoney.podcast/ Facebook: https://www.facebook.com/hiddenmoney.podcast YouTube: https://www.youtube.com/@HiddenMoneyPodcast LinkedIn: https://www.linkedin.com/company/hidden-money-podcast/ Twitter : https://twitter.com/hiddenmoney_com You can also listen to our podcast on major podcast platforms links: Spotify - https://open.spotify.com/show/3rmae1bpxvirzfbM571fOK?si=d2129d6ac9ec4519 Apple Podcast - https://podcasts.apple.com/us/podcast/hidden-money-podcast/id1683510065 iHeart Radio - https://www.iheart.com/podcast/269-hidden-money-podcast-113479063/ Amazon Music - https://music.amazon.com/podcasts/9deef87a-307d-4767-af47-9e01bf0211f9/hidden-money-podcst Pocket cast - https://pca.st/9r46t36 Castbox - https://castbox.fm/channel/id5413766 Website - https://www.hiddenmoney.com/

Did you know your retirement account funds could drastically go down if the stock market crashed right before you started drawing them? When you’re over 70 years old, will you have time and energy to start working again? Well, Rollovers as Business Startups (ROBS) allows you to legally do what SelfDirected IRAs don’t - Leverage your retirement account to generate income you can actively use without being taxed. In this episode of the Hidden Money Podcast, Paul Cook of Guidant Financial educates us on the exact way the tax code allows this little-known tool to both leverage your retirement account as well as generate more money under an IRS-supported tax shield. Disclaimer: The content of this podcast is not legal advice and is meant for educational purposes only. In this episode, we discuss What ROBS is and how it works How ROBS can still allow for tax planning despite generating taxable income via W2s. The best tax strategies for a C Corp, including accruals, write-offs, and salary decisions. A case study of a client who exited a business started with ROBS, highlighting the tax implications of not planning with ROBS initially. The benefits of selling a business as a stock sale in a C Corporation. How age and exit strategies affect the use of ROBS, including the option to fund a second business closer to retirement age. The risks of business failure with ROBS and the importance of having a solid business plan and possibly tying debt to the initial investment. Managing cash flow fluctuations when owning a business through ROBS. The control over investments in a ROBS setup versus traditional retirement accounts. How entrepreneurs can simultaneously grow their business and reinvest in traditional 401(k) plans. The costs involved in setting up and maintaining a ROBS, including initial fees and ongoing administrative fees. Whether real estate investments qualify under ROBS and the active versus passive participation requirements. Common misconceptions, emphasizing that ROBS is a legitimate investment strategy when done correctly. Guidant Financial’s role as a Third Party Administrator and how they support clients in setting up and managing ROBS. To Learn More You can learn about Guidant Financial at About Us | Guidant Financial and get information on ROBS on their site page Financing Solutions Overview - Guidant (guidantfinancial.com) If you want education on becoming a successful business owner, you can get from Guidant Financial at Chapter 1: What makes a successful business owner? - Guidant (guidantfinancial.com) You can also contact Guidant Financial directly at Contact Us - Guidant (guidantfinancial.com) or email them at info@guidantfinancial.com To access bonus tax content, go to https://www.hiddenmoney.com/bonus To start using the tax code as a tool to grow your wealth, schedule a call with Pine & Co. CPAs: Consultation (pinecocpas.com) Social Media Links Instagram: https://www.instagram.com/hiddenmoney.podcast/ Facebook: https://www.facebook.com/hiddenmoney.podcast YouTube: https://www.youtube.com/@HiddenMoneyPodcast LinkedIn: https://www.linkedin.com/company/hidden-money-podcast/ Twitter : https://twitter.com/hiddenmoney_com You can also listen to our podcast on major podcast platforms links: Spotify - https://open.spotify.com/show/3rmae1bpxvirzfbM571fOK?si=d2129d6ac9ec4519 Apple Podcast - https://podcasts.apple.com/us/podcast/hidden-moneypodcast/id1683510065 iHeart Radio - https://www.iheart.com/podcast/269-hidden-money-podcast113479063/ Amazon Music - https://music.amazon.com/podcasts/9deef87a-307d-4767-af47-9e01bf0211f9/hidden-money-podcast Pocket Cast - https://pca.st/9r4x6t36 Castbox - https://castbox.fm/channel/id5413766 Website - https://www.hiddenmoney.com/

Multifamily investments have been disrupted in the last two years, but the only answer to that is continuing diversification. What if you could be assured of a real estate investment option that yields consistent cashflow, no matter what? And what if you could have flexibility to leverage even with fluctuating interest rates? In this information-packed episode of the Hidden Money Podcast, Adam Roberts and Emily Cortright of A&E Investments, tell us about Mortgage Note investing. Adam is a Multifamily education Coach/Mentor and Emily teaches a variety of wealth-building classes at Keller Williams offices. Their combined revelations from their pivotal diversification into Mortgage Notes isn’t to be missed if you’re wanting to diversify successfully. Disclaimer: The content of this podcast is not legal advice and is meant for educational purposes only. In this episode, we discuss The reason for Adam Roberts’ and Emily Cortright’s diversification into note investing, shifting from multifamily real estate due to market challenges. What note investing entails, including buying and selling mortgage notes, and the types of notes available (performing vs. non-performing). How note investors mitigate risks through due diligence, including property appraisal, investment-to-value ratios, and location analysis. Detailed steps involved in underwriting notes, such as assessing the property value, location, title report, and borrower’s payment history. The different strategies if a borrower stops paying, including loan modification, cash for keys, and foreclosure. How third-party loan servicers manage the administrative tasks, escrow adjustments, and collections, making the investment more passive. The importance of diversifying investment portfolios between multifamily properties and notes to ensure stable cash flow. The impact of location on note investment, focusing on lender-friendly states with efficient foreclosure processes. State-specific tax considerations and nexus issues for note investors, and the role of third-party servicers in managing payments. Methods to liquidate notes if needed, including public trading platforms like Paperstac and selling partial payments to regain capital while retaining note ownership. ‘The Banker's Code’ by George Antone as an influential read for understanding note investing. To Learn More You can reach out to Adam and Emily on their website - Home | A&E Investments (aeinvest.net) If you want to book a one-on-one Passive Income Call, you can find an availability calendar on their Contact page - Contact Us | A&E Investments (aeinvest.net) For more education on wealth-building education and events, you can visit their Podcast and Events page - Podcast and Events | A&E Investments (aeinvest.net) To access bonus tax content, go to https://www.hiddenmoney.com/bonus To start using the tax code as a tool to grow your wealth, schedule a call with Pine & Co. CPAs: Consultation (pinecocpas.com) Social Media Links Instagram: https://www.instagram.com/hiddenmoney.podcast/ Facebook: https://www.facebook.com/hiddenmoney.podcast YouTube: https://www.youtube.com/@HiddenMoneyPodcast LinkedIn: https://www.linkedin.com/company/hidden-money-podcast/ Twitter : https://twitter.com/hiddenmoney_com You can also listen to our podcast on major podcast platforms links: Spotify - https://open.spotify.com/show/3rmae1bpxvirzfbM571fOK?si=d2129d6ac9ec4519 Apple Podcast - https://podcasts.apple.com/us/podcast/hidden-money-podcast/id1683510065 iHeart Radio - https://www.iheart.com/podcast/269-hidden-money-podcast-113479063/ Amazon Music - https://music.amazon.com/podcasts/9deef87a-307d-4767-af47-9e01bf0211f9/hidden-money-podcast Pocket cast - https://pca.st/9r4x6t36 Castbox - https://castbox.fm/channel/id5413766 Website - https://www.hiddenmoney.com/

Everyone wants affordable housing. And the demand never runs out! Mobile homes are way more affordable than regular housing, and investing in mobile home parks can be a very successful long-term investment, if you do it wisely. In this episode of the Hidden Money Podcast, we talk with Jarrid Cavanaugh of Affinity Asset Group, whose wide experience with mobile home parks and honest, insightful answers gives us a wealth of information on how to successfully diversify into this very affordable housing solution. Disclaimer: The content of this podcast is not legal advice and is meant for educational purposes only. In this episode, we discuss The importance of having a competent team, managing park-owned homes, and ensuring compliance with local regulations. Why meeting with city officials, fire marshals, and other local authorities is crucial for gaining support and avoiding operational hurdles. How previous mismanagement and crime in mobile home parks can create biases against new owners and impact investment outcomes. Specific examples of operational challenges, such as dealing with squatters and complying with unusual local regulations. The impact of local landlord laws and the role of law enforcement in managing and maintaining mobile home parks. Key financial metrics to look for, including below-market rents, park-owned homes, and utility billing strategies to increase Net Operating Income (NOI). The challenge of high debt rates versus low cap rates, and the competition from large institutional investors and the benefits and strategies of seller-financed deals, especially with mom-and-pop park owners. The advantages of bonus depreciation and cost segregation, specifically for land improvements and mobile home park infrastructure. Typical returns on investment, including cash on cash returns, and strategies for reinvesting capital to maximize long-term value. Jarrid Cavanaugh’s advice on getting started in mobile home park investments, including educational resources and mentorship opportunities. To Learn More You can reach out to Jarrid and explore the services his company provides on his website About – Affinity Asset Group or reach out to him via his Instagram handle @jarridcavanaugh To access bonus tax content, go to https://www.hiddenmoney.com/bonus To start using the tax code as a tool to grow your wealth, schedule a call with Pine & Co. CPAs: Consultation (pinecocpas.com) Social Media Links Instagram: https://www.instagram.com/hiddenmoney.podcast/ Facebook: https://www.facebook.com/hiddenmoney.podcast YouTube: https://www.youtube.com/@HiddenMoneyPodcast LinkedIn: https://www.linkedin.com/company/hidden-money-podcast/ Twitter : https://twitter.com/hiddenmoney_com You can also listen to our podcast on major podcast platforms links: Spotify - https://open.spotify.com/show/3rmae1bpxvirzfbM571fOK?si=d2129d6ac9ec4519 Apple Podcast - https://podcasts.apple.com/us/podcast/hidden-money-podcast/id1683510065 iHeart Radio - https://www.iheart.com/podcast/269-hidden-money-podcast-113479063/ Amazon Music - https://music.amazon.com/podcasts/9deef87a-307d-4767-af47-9e01bf0211f9/hidden-money-podcast Pocket cast - https://pca.st/9r4x6t36 Castbox - https://castbox.fm/channel/id5413766 Website - https://www.hiddenmoney.com/

The IRS’ goal is not to suck up your hard-earned money, but to encourage stewardship of it. That’s why the tax code is designed to help businesses and build the economy. But not everyone understands this. Or knows how to responsibly use the tax code to build their financial future. That doesn’t have to be you! In this episode of the Hidden Money Podcast, Mike Pine and Kevin Schneider share case examples and insights on how proactive tax planning with the right partners can hugely catalyze financial growth and a stress-free tax life. Disclaimer: The content of this podcast is not legal advice and is meant for educational purposes only. In this episode, we discuss The benefits of being a CPA, especially in consulting, due to the variety of client scenarios encountered. The suitability of different tax planning strategies depending on individual financial situations, and the importance of a customized approach, despite blanket tax advice. Case examples illustrating the consequences of not consulting a CPA before significant financial decisions, such as withdrawing large sums from retirement accounts or mishandling 1031 exchanges. The critical nature of a two-way partnership between clients and CPAs emphasizing the necessity of communication to avoid financial pitfalls and ensure proper tax planning, using the analogy of marriage. The approach Kevin and Mike take to help clients who come to them with tax issues after the fact, including their commitment to finding solutions. The potential savings from proactive consultation and the risks of not seeking advice before making tax-related decisions. The cost-effectiveness of initial tax planning consultations and the long-term benefits they provide. The assurance of quality and service from Pine Tax Services, including their commitment to addressing and rectifying any service errors. The invitation to potential clients to schedule a free initial consultation to explore how Pine Tax Services can assist with their tax planning needs. To Learn More You can reach out to Mike and Kevin for that free initial tax consult by visiting their website and scheduling your consultation from there - Consultation (pinecocpas.com) You can explore the different services they provide on their website - Pine and Company CPAs - Investment Tax Strategy | Ongoing Tax Monitoring | Tax Filing (pinecocpas.com) You can get some great information and education by visiting their blog - Blog - Pine & Co CPAs (pinecocpas.com) To access bonus tax content, go to https://www.hiddenmoney.com/bonus Social Media Links Instagram: https://www.instagram.com/hiddenmoney.podcast/ Facebook: https://www.facebook.com/hiddenmoney.podcast YouTube: https://www.youtube.com/@HiddenMoneyPodcast LinkedIn: https://www.linkedin.com/company/hidden-money-podcast/ Twitter : https://twitter.com/hiddenmoney_com You can also listen to our podcast on major podcast platforms links: Spotify - https://open.spotify.com/show/3rmae1bpxvirzfbM571fOK?si=d2129d6ac9ec4519 Apple Podcast - https://podcasts.apple.com/us/podcast/hidden-money-podcast/id1683510065 iHeart Radio - https://www.iheart.com/podcast/269-hidden-money-podcast-113479063/ Amazon Music - https://music.amazon.com/podcasts/9deef87a-307d-4767-af47-9e01bf0211f9/hidden-money-podcast Pocket cast - https://pca.st/9r4x6t36 Castbox - https://castbox.fm/channel/id5413766 Website - https://www.hiddenmoney.com/

No one knows how to leverage tax hacks better than the ultra-rich! This is your chance to learn from them! In this episode of the Hidden Money Podcast, Mike and Kevin discuss real case studies of clients who successfully pursued their passion by leveraging the tax code, legally, using strategies from the tax playbook of millionaires. Disclaimer: The content of this podcast is not legal advice and is meant for educational purposes only. In this episode, we discuss: A unique client situation where a high W2 earner in the top tax bracket transitioned to self-employment by starting a business connected to his passion. The benefits of 100% bonus depreciation in 2018-2019, allowing the client to deduct the entire cost of a $300,000 purchase and other expenses in one year. How these deductions resulted in a significant tax loss, which was offset against the client's W2 income, effectively reducing his tax liability. The concept of leveraging the tax code to fund new business ventures, rather than relying solely on traditional financing methods. Common deductible business expenses, especially for those working from home, including office equipment, cell phones, and internet usage. The practicalities of establishing cost basis for previously purchased personal items when they are repurposed for business use. The shift in IRS policies allowing for 100% deduction of cell phone expenses, while still requiring business use allocation for internet expenses. The importance of keeping good records and substantiating expenses to defend against potential IRS audits. The balance between maximizing deductions and understanding the risk and effort involved in substantiating smaller expenses. Encouragement for taxpayers to educate themselves on the tax code and leverage it legally and ethically to enhance their financial freedom. The overarching message of utilizing the tax code to transition into new career stages, pursue passions, and achieve financial growth through informed tax strategies. To Learn More You can reach out to Mike and Kevin to discuss how you can build financial freedom and pursue your passion by visiting their website Pine and Company CPAs - Investment Tax Strategy | Ongoing Tax Monitoring | Tax Filing (pinecocpas.com) To access bonus tax content, go to https://www.hiddenmoney.com/bonus To start using the tax code as a tool to grow your wealth, schedule a call with Pine & Co. CPAs: Consultation (pinecocpas.com) Social Media Links Instagram: https://www.instagram.com/hiddenmoney.podcast/ Facebook: https://www.facebook.com/hiddenmoney.podcast YouTube: https://www.youtube.com/@HiddenMoneyPodcast LinkedIn: https://www.linkedin.com/company/hidden-money-podcast/ Twitter : https://twitter.com/hiddenmoney_com You can also listen to our podcast on major podcast platforms links: Spotify - https://open.spotify.com/show/3rmae1bpxvirzfbM571fOK?si=d2129d6ac9ec4519 Apple Podcast - https://podcasts.apple.com/us/podcast/hidden-money-podcast/id1683510065 iHeart Radio - https://www.iheart.com/podcast/269-hidden-money-podcast-113479063/ Amazon Music - https://music.amazon.com/podcasts/9deef87a-307d-4767-af47-9e01bf0211f9/hidden-money-podcast Pocket cast - https://pca.st/9r4x6t36 Castbox - https://castbox.fm/channel/id5413766 Website - https://www.hiddenmoney.com/

There is an insane amount of money being spent on lifestyle by people who have enough to make that choice. No wonder the short-term rental market boomed. And with booms comes saturation as everyone jumps onto the bandwagon to make their own bit, and now the competition is insane. But no worries. In this Hidden Money Podcast episode, we talk with Shawn Moore of Vodyssey, a short-term rental expert and coach with 24 years of experience in the ups and downs of this tricky but lucrative market. We explore just what you need to know to play in that top 20% creamy layer that can make short-term rental investments well worth it for you. Disclaimer: The content of this podcast is not legal advice and is meant for educational purposes only. In this podcast, we discuss: The challenges of standing out in saturated markets, particularly in the short-term rental market. Strategies for differentiation, including focusing on selling experiences rather than just properties. The importance of curating target audience-specific experiences and investing in custom artwork and setups to enhance properties. The significance of storytelling through property experiences and the impact on guest engagement and booking conversions. Real-life examples of property owners struggling in saturated markets and the potential for distressed property acquisitions with strategic revitalization efforts. Shawn Moore's shift towards providing extensive free education and resources through Vodyssey to empower property owners and investors in navigating the short-term rental market effectively. Key factors to consider when evaluating potential investment markets, including property ownership rights, short-term rental regulations, and profit drivers. Market preferences and potential investment opportunities in college towns, Southeastern regions, and specific areas like the Bourbon Trail, Wisconsin Dells, and Hocking Hills. The rationale behind prioritizing cash flow and acquisition cost ratio in investment decisions, favoring markets with lower acquisition costs and higher revenue potential. Advice for property owners considering investing in competitive markets, cautioning against overreliance on speculative emerging markets and advocating for focusing on established markets with sustainable growth potential. To Learn More You can get more education on short-term rental investments by visiting the Vodyssey website - Short Term Rental Property Investing | Vodyssey Be sure to listen to the podcasts at Podcast - Vodyssey and download the book Are Short Term Rentals a Good Investment? | Vodyssey to learn more about this intriguing topic. Shawn and his team of experts are right there to help you if you need to book a consultation too. To access bonus tax content, go to https://www.hiddenmoney.com/bonus To start using the tax code as a tool to grow your wealth, schedule a call with Pine & Co. CPAs: Consultation (pinecocpas.com) Social Media Links Instagram: https://www.instagram.com/hiddenmoney.podcast/ Facebook: https://www.facebook.com/hiddenmoney.podcast YouTube: https://www.youtube.com/@HiddenMoneyPodcast LinkedIn: https://www.linkedin.com/company/hidden-money-podcast/ Twitter : https://twitter.com/hiddenmoney_com You can also listen to our podcast on major podcast platforms links: Spotify - https://open.spotify.com/show/3rmae1bpxvirzfbM571fOK?si=d2129d6ac9ec4519 Apple Podcast - https://podcasts.apple.com/us/podcast/hidden-money-podcast/id1683510065 Google Podcast - https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kZjZmNjE2OC9wb2RjYXN0L3Jzcw iHeart Radio - https://www.iheart.com/podcast/269-hidden-money-podcast-113479063/ Amazon Music - https://music.amazon.com/podcasts/9deef87a-307d-4767-af47-9e01bf0211f9/hidden-money-podcast Pocket cast - https://pca.st/9r4x6t36 Castbox - https://castbox.fm/channel/id5413766 Website - https://www.hiddenmoney.com/

Black Gold! Oil and Gas investment is high-reward on both ROI as well as incentives, and also high-risk both for investors as well as producers. In today’s volatile market when everyone is looking for stable returns, is this the right place for you as an investor to diversify your portfolio? In this episode of the Hidden Money Podcast, we talk with RJ Burr of Panex Panther Explorations, an oil guru whose family has been three generations in Oil and Gas. His palpable passion and deep experiential wisdom provide a perfect Oil and Gas 101 for anyone interested in diversifying their portfolio and investing in this still essential resource. Disclaimer: The content of this podcast is not legal advice and is meant for educational purposes only. In this podcast, we discuss The various ways of investing in oil and gas, including buying land for drilling, partnering in syndications, and investing in publicly traded partnerships, including the technical and financial terminology used. The distinctions between upstream (finding and producing oil), midstream (transporting oil), and downstream (refining and distributing oil) sectors of the oil and gas industry. The multitude of products derived from oil, ranging from plastics and asphalt to makeup and medicine. The challenges and opportunities in the oil and gas market, including fluctuations in investment, demand, and supply. The long-term benefits of investing in oil and gas wells, including potential revenue generation over decades. The importance of strategic partnerships in maximizing returns and mitigating risks in oil and gas investments. RJ Burr's approach to transparent partnerships, equitable profit-sharing, and prudent risk management in oil and gas investments. The potential tax advantages of oil and gas investments and their role in building diversified portfolios. Strategies for balancing risk and reward in oil and gas investments, including the importance of diversification and market analysis. The significance of understanding the economic fundamentals driving the demand for oil and its impact on long-term investment prospects. To Learn More If investing in Oil and Gas is intriguing you, you can learn more by visiting the site www.panex.us/learn or Invest in American Oil • PANEX. You can also reach out directly to RJ Burr through email to rjburr@panex.us or visit the Panex website Panex Home To access the bonus tax content, go to https://www.hiddenmoney.com/bonus To start using the tax code as a tool to grow your wealth, schedule a call with Pine & Co. CPAs: Consultation (pinecocpas.com) Social Media Links Instagram: https://www.instagram.com/hiddenmoney.podcast/ Facebook: https://www.facebook.com/hiddenmoney.podcast YouTube: https://www.youtube.com/@HiddenMoneyPodcast LinkedIn: https://www.linkedin.com/company/hidden-money-podcast/ Twitter : https://twitter.com/hiddenmoney_com You can also listen to our podcast on major podcast platforms links: Spotify - https://open.spotify.com/show/3rmae1bpxvirzfbM571fOK?si=d2129d6ac9ec4519 Apple Podcast - https://podcasts.apple.com/us/podcast/hidden-money-podcast/id1683510065 Google Podcast - https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kZjZmNjE2OC9wb2RjYXN0L3Jzcw iHeart Radio - https://www.iheart.com/podcast/269-hidden-money-podcast-113479063/ Amazon Music - https://music.amazon.com/podcasts/9deef87a-307d-4767-af47-9e01bf0211f9/hidden-money-podcast Pocket cast - https://pca.st/9r4x6t36 Castbox - https://castbox.fm/channel/id5413766 Website - https://www.hiddenmoney.com/

Tax and financial scams exposed! Ever felt the shock and horror when you discover that you’ve been scammed? Or deepfaked? Today’s digitalized environment has triggered cybercrime, digital fraud and AI-enhanced scamming at an unimaginable rate. And you could easily be the next victim… if you haven’t already! In this episode of the Hidden Money Podcast, Mike and Kevin share their concern and strongly encourage you to be protected and your data secured. They expose several scams, and share both personal experiences as well as key information, practical tips and strategies to avoid being financially and tax scammed. See below for links to resources they share. Disclaimer: The content of this podcast is not legal advice and is meant for educational purposes only. In this podcast, we discuss Various scams beyond IRS identity theft, including email phishing attempts targeting office expenses. The importance of verifying suspicious emails and leveraging IT support for confirmation. The significance of robust security measures for CPA firms to prevent data breaches and potential lawsuits. The implementation of dual-factor authentication, cloud-based systems and data encryption to enhance client data security. The use of password management tools like Dashlane to generate secure passwords, password management and Dark Web monitoring. Personal experiences with credit card fraud, including instances of stolen credit card information. Challenges in reporting credit card theft to law enforcement and the role of financial institutions in reimbursement. Strategies for preventing credit card theft, such as avoiding leaving valuables in plain sight in vehicles and forgetting cards in public places. To Learn More If you believe you’ve been a victim of identity theft, you can access the Identity Theft Affidavit PDF as well as online Form 14039 here - When to file an Identity Theft Affidavit | Internal Revenue Service (irs.gov) To be proactive in getting an Identity Protection PIN (Form 15227), you can apply for it here - Get An Identity Protection PIN | Internal Revenue Service (irs.gov) You can reach out to Mike and Kevin on their website - Pine and Company CPAs - Investment Tax Strategy | Ongoing Tax Monitoring | Tax Filing (pinecocpas.com) if you have questions or want to schedule an appointment. To access the bonus tax content mentioned, go to https://www.hiddenmoney.com/bonus To start using the tax code as a tool to grow your wealth, schedule a call with Pine & Co. CPAs: Consultation (pinecocpas.com) Social Media Links Instagram: https://www.instagram.com/hiddenmoney.podcast/ Facebook: https://www.facebook.com/hiddenmoney.podcast YouTube: https://www.youtube.com/@HiddenMoneyPodcast LinkedIn: https://www.linkedin.com/company/hidden-money-podcast/ Twitter : https://twitter.com/hiddenmoney_com You can also listen to our podcast on major podcast platforms links: Spotify - https://open.spotify.com/show/3rmae1bpxvirzfbM571fOK?si=d2129d6ac9ec4519 Apple Podcast - https://podcasts.apple.com/us/podcast/hidden-money-podcast/id1683510065 Google Podcast - https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kZjZmNjE2OC9wb2RjYXN0L3Jzcw iHeart Radio - https://www.iheart.com/podcast/269-hidden-money-podcast-113479063/ Amazon Music - https://music.amazon.com/podcasts/9deef87a-307d-4767-af47-9e01bf0211f9/hidden-money-podcast Pocket cast - https://pca.st/9r4x6t36 Castbox - https://castbox.fm/channel/id5413766 Website - https://www.hiddenmoney.com/

Wealth management is the watchword these days. However, you can’t manage wealth you don’t have! Your financial freedom is built on wealth that you effectively generate and multiply long-term. But how do you do this successfully regardless of the state of the economy and volatility, especially in the US? In this fascinating episode of the Hidden Money Podcast, we talk with Omar Khan of Boardwalk Wealth. Omar’s seasoned business and financial savviness produces deep insights into financial decision-making, investment strategies, productive mindsets, and more. Disclaimer: The content of this podcast is not legal advice and is meant for educational purposes only. In this episode, we discuss The fundamental role of private equity in wealth-building and its distinct advantages, including lower volatility and potential for substantial returns. Insights into the tax implications of private equity investments, underscoring the need for awareness of tax drag and the significant impact of tax-efficient strategies on long-term wealth growth. The impending tax bill and its potential effects on depreciation, highlighting the importance of staying informed and leveraging changes in tax laws for financial gain. The versatility of real estate investments, exploring how real estate can thrive in various economic conditions, from prosperous times to downturns, making it a crucial element in a diversified investment portfolio. Strategies for maximizing returns in private equity, including success stories where investors achieved impressive gains through careful planning, strategic refinancing, and leveraging tax-deferral opportunities. The concept of laddering exposure and maintaining liquidity as crucial elements in navigating market fluctuations and safeguarding investments when planned financial strategy does not work. The significance of constant diligence, proactive financial planning, and some healthy "paranoia" in protecting investments, with a focus on being prepared for unexpected challenges and downturns. Practical advice on structuring deals, managing balance sheets, and utilizing 1031 exchanges to compound gains and ensure tax efficiency in the long-term wealth-building journey. To Learn More You can visit Omar Khan’s website Home - Boardwalk Wealth and join his mailing list via the form Join Omar Khan's Mailing List | Boardwalk Wealth on the Home Page. You can also email him at omar@boardwalkwealth.com if you have any questions or want to explore his services more. To access the bonus tax content mentioned in the episode, go to https://www.hiddenmoney.com/bonus To start using the tax code as a tool to grow your wealth, schedule a call with Pine & Co. CPAs: https://www.pinecocpas.com/consultation Social Media Links Instagram: https://www.instagram.com/hiddenmoney.podcast/ Facebook: https://www.facebook.com/hiddenmoney.podcast YouTube: https://www.youtube.com/@HiddenMoneyPodcast LinkedIn: https://www.linkedin.com/company/hidden-money-podcast/ Twitter : https://twitter.com/hiddenmoney_com You can also listen to our podcast on major podcast platforms links: Spotify - https://open.spotify.com/show/3rmae1bpxvirzfbM571fOK?si=d2129d6ac9ec4519 Apple Podcast - https://podcasts.apple.com/us/podcast/hidden-money-podcast/id1683510065 Google Podcast - https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kZjZmNjE2OC9wb2RjYXN0L3Jzcw iHeart Radio - https://www.iheart.com/podcast/269-hidden-money-podcast-113479063/ Amazon Music - https://music.amazon.com/podcasts/9deef87a-307d-4767-af47-9e01bf0211f9/hidden-money-podcast Pocket cast - https://pca.st/9r4x6t36 Castbox - https://castbox.fm/channel/id5413766 Website - https://www.hiddenmoney.com/

With high interest rates and volatility, what financial strategies do you need to create resilience for your investments? How relevant is real estate investment and private equity today? What hacks do you need to ensure that your real estate investments and tax planning are going to yield the best returns? In this episode of the Hidden Money Podcast, Mike Pine talks with Gib Irons of Irons Equity. Mike and Gib’s investment discussions, and proactive tax and finance planning hacks, will give you valuable insights for building your financial freedom in an age of volatility. Disclaimer: The content of this podcast is not legal advice and is meant for educational purposes only. In this podcast, we discuss: Gib Irons' insights on leveraging equity strategically and the necessity of using debt to maximize returns in real estate investments. The importance of maintaining a balance in leveraging and avoiding over-leveraging to mitigate risks in the real estate market. The time value of money and the powerful multiplier effect of leveraging in real estate investment strategies. The responsibility and safety aspects of debt usage, emphasizing the need for operators to avoid overextending themselves to prevent failure. The real estate syndication market's evolution over the last decade, analyzing the impacts of easy money, increasing competition, and risky interest rate choices. Lessons learned from the challenges faced by operators during market shifts, emphasizing the significance of effective communication, operator integrity, and resilience. The concept of rate caps in real estate financing and their role in protecting against interest rate fluctuations. The cap rate formula and its application in determining property value based on net operating income and prevailing cap rates in specific markets. The terms used to assess property leverage, such as loan to cost and loan to value, and their relevance in different real estate scenarios. Gib Irons' advice for investors, including the importance of aligning investments with personal financial situations, seeking professional advice, and assessing whether real estate syndication is a suitable option. To Learn More If you are the type of investor Gib was talking about, and you would like more information on certain investments, or investments in general, you can reach out to Gib Irons at info@ironsequity.com or visit the website Irons Equity. They will be happy to answer any questions you may have. To access the bonus tax content, go to https://www.hiddenmoney.com/bonus To start using the tax code as a tool to grow your wealth, schedule a call with Pine & Co. CPAs: https://www.pinecocpas.com/consultation Social Media Links Instagram: https://www.instagram.com/hiddenmoney.podcast/ Facebook: https://www.facebook.com/hiddenmoney.podcast YouTube: https://www.youtube.com/@HiddenMoneyPodcast LinkedIn: https://www.linkedin.com/company/hidden-money-podcast/ Twitter : https://twitter.com/hiddenmoney_com You can also listen to our podcast on major podcast platforms links: Spotify - https://open.spotify.com/show/3rmae1bpxvirzfbM571fOK?si=d2129d6ac9ec4519 Apple Podcast - https://podcasts.apple.com/us/podcast/hidden-money-podcast/id1683510065 Google Podcast - https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kZjZmNjE2OC9wb2RjYXN0L3Jzcw iHeart Radio - https://www.iheart.com/podcast/269-hidden-money-podcast-113479063/ Amazon Music - https://music.amazon.com/podcasts/9deef87a-307d-4767-af47-9e01bf0211f9/hidden-money-podcast Pocket cast - https://pca.st/9r4x6t36 Castbox - https://castbox.fm/channel/id5413766 Website - https://www.hiddenmoney.com/

Are you a high earner still struggling to pay off a huge student loan debt, and it’s holding up your professional dream? Or maybe you’re in a professional study program, like medical school. You have a big student loan but nobody is telling you in any of your courses, what the financial reality of debt payment is, and how to build wealth early. The truth is your professional and financial dream won’t come true just because you’re a high earner. You have to know how to make it work. Join us in this episode of the Hidden Money Podcast as we talk with Kristin Burton. Kristin’s medical background, personal story of emerging from debt and experience in how to build wealth professionally, will give exactly the practical wisdom you need to build your professional dream. Disclaimer: The content of this podcast is not legal advice and is meant for educational purposes only. In this episode, we discuss Challenges faced by high W2 earners, particularly in the medical field, and show the effectiveness of the short-term rental tax loophole in reducing tax burdens. Having a supportive community and access to financial education for professionals, especially in fields like medicine, to discover opportunities like tax-saving strategies. Kristin Burton's website, www.strivewithkristin.com, as a valuable resource offering free eBooks, white papers, and videos, to help professionals with a six-figure income to build wealth and financial freedom. Kristin Burton’s free eBook, "The Secrets to Your Rich Life Post Graduation," focusing on guiding students in building key habits, managing debt-to-income ratios, and implementing budgeting strategies. Dangers of credit card debt and the importance of smart credit card management. Lack of financial education in professional programs and Kristin's efforts to address this gap by speaking to graduating classes. The tendency in high-earning professions to associate lifestyle choices with job titles, cautioning against the financial pitfalls of trying to match the lifestyles of more experienced peers. The expertise of CPAs, with Kristin reflecting on her unexpected interest in tax strategy despite early perceptions of it being boring. Kristin’s primary service to medical professionals but clarifying that her services extend to any professional with a six-figure income seeking wealth-building strategies. To Learn More If you are a high-earning professional worker, especially in the medical field, you can avail of the excellent free resources on wealth and asset-building on Kristin’s website Personal Finance for Medical Professionals (strivewithkristin.com). You can also explore being coached in effective wealth-building as a medical professional here - Get A Financial Coach (strivewithkristin.com). To access the bonus tax content mentioned in the episode, go to https://www.hiddenmoney.com/bonus To start using the tax code as a tool to grow your wealth, schedule a call with Pine & Co. CPAs: https://www.pinecocpas.com/consultation Social Media Links Instagram: https://www.instagram.com/hiddenmoney.podcast/ Facebook: https://www.facebook.com/hiddenmoney.podcast YouTube: https://www.youtube.com/@HiddenMoneyPodcast LinkedIn: https://www.linkedin.com/company/hidden-money-podcast/ Twitter : https://twitter.com/hiddenmoney_com You can also listen to our podcast on major podcast platforms links: Spotify - https://open.spotify.com/show/3rmae1bpxvirzfbM571fOK?si=d2129d6ac9ec4519 Apple Podcast - https://podcasts.apple.com/us/podcast/hidden-money-podcast/id1683510065 Google Podcast - https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kZjZmNjE2OC9wb2RjYXN0L3Jzcw iHeart Radio - https://www.iheart.com/podcast/269-hidden-money-podcast-113479063/ Amazon Music - https://music.amazon.com/podcasts/9deef87a-307d-4767-af47-9e01bf0211f9/hidden-money-podcast Pocket cast - https://pca.st/9r4x6t36 Castbox - https://castbox.fm/channel/id5413766 Website - https://www.hiddenmoney.com/

Ever had the growing feeling you can’t trust government policies for your personal and financial future? Do you feel burdened by how your hard work funnels your wealth into other people’s agenda? How do you break free and secure your financial freedom and independence? In this episode of the Hidden Money Podcast, we meet Jay Johnson of Code 3 Assets. Cop and businessman, Jay shares his personal life experiences and insights into how to take charge of and steward what’s your own to preserve your freedom and secure your financial future. Disclaimer: The content of this podcast is not legal advice and is meant for educational purposes only. In this episode, we discuss Jay Johnson's background, including his military service and transition to law enforcement. The founding of Code 3 Assets and its mission to spread financial education and preserve freedom. The Code 3 American community, emphasizing real financial education, wealth creation, and the mission to enrich humanity. Jay's personal journey of embracing his story, from hesitancy about his law enforcement background to realizing its significance. The inspiration behind the name "Code 3 Assets," drawing parallels to emergency response in rapidly changing situations. Jay's preference for real and necessary assets over derivatives in the financial world. The significance of tax-advantaged investments aligned with government policies for portfolio diversity. The impact of financial freedom on Jay's life, allowing him to thrive as a family, invest in relationships, and pursue personal growth. The importance of time and the shift in perspective towards human capital and life experiences, learned through Tom Wheelwright's WealthAbility program. To Learn More You can reach out to Jay Johnson via the email address american@code3assets.com or visit his website Join the Code 3 Assets American Community, where you can find a great selection of free resources including a #1 Amazon Bestseller Next Level Your Life. You can also get hold of the report series called S.W.A.T. Lessons Learned that you can apply to your life and business. To access the bonus tax content mentioned in the episode, go to https://www.hiddenmoney.com/bonus To start using the tax code as a tool to grow your wealth, schedule a call with Pine & Co. CPAs: https://www.pinecocpas.com/consultation Social Media Links Instagram: https://www.instagram.com/hiddenmoney.podcast/ Facebook: https://www.facebook.com/hiddenmoney.podcast YouTube: https://www.youtube.com/@HiddenMoneyPodcast LinkedIn: https://www.linkedin.com/company/hidden-money-podcast/ Twitter : https://twitter.com/hiddenmoney_com You can also listen to our podcast on major podcast platforms links: Spotify - https://open.spotify.com/show/3rmae1bpxvirzfbM571fOK?si=d2129d6ac9ec4519 Apple Podcast - https://podcasts.apple.com/us/podcast/hidden-money-podcast/id1683510065 Google Podcast - https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kZjZmNjE2OC9wb2RjYXN0L3Jzcw iHeart Radio - https://www.iheart.com/podcast/269-hidden-money-podcast-113479063/ Amazon Music - https://music.amazon.com/podcasts/9deef87a-307d-4767-af47-9e01bf0211f9/hidden-money-podcast Pocket cast - https://pca.st/9r4x6t36 Castbox - https://castbox.fm/channel/id5413766 Website - https://www.hiddenmoney.com/

The dread of another tedious, tension-ridden tax filing has come and gone, but you still haven’t filed. Sound familiar? Or you knew you’ve got to file returns, but you had too many irons in the fire to manage it. And you let it slide. Don’t be fooled! The IRS is NOT your friend, and there are penalties adding up every year you haven’t filed returns regardless of your reason. In this episode of the Hidden Money Podcast, join CPAs Mike Pine and Kevin Schneider as they lay the cards out for you on the many penalties and dangers in late or non-filing of tax returns. But they provide ways and means from the tax code for you to get the work done and escape the long arm of the IRS. Disclaimer: The content of this podcast is not legal advice and is meant for educational purposes only. In this episode, we discuss The danger of late tax filing and procrastination, the implication of the statute of limitations, and the excuse of not being able to afford tax payment. The option of paper filing with certified receipts for confirmation of IRS receipt. Exploration of the preference for computer-based tax processing over human handling, emphasizing the importance of timely filing. Insights into installment agreements for back taxes, highlighting the impact on future refunds and the need for careful tax planning. Cautionary tales about clients under installment agreements missing out on refunds due to overpaying taxes. How to deal with incomplete details for filing back tax returns and the IRS's acceptance of reasonable estimates. How to prove deductible expenses when records are lost, including using bank statements and credit card statements. The significance of maintaining separate bank accounts for personal and business transactions to streamline expense verification. Discussion on the obligation to file 1099s for payments exceeding $600 and the potential consequences of not reporting income. Anecdote about Al Capone's imprisonment for tax-related charges rather than the more severe crimes he committed. Encouragement to report all income to avoid legal repercussions and the importance of tax mitigation strategies. The need for proactive tax filing, understanding IRS processes, and seeking assistance when required. To Learn More You can reach out to Mike or Kevin on their website Pine and Company CPAs - Investment Tax Strategy | Ongoing Tax Monitoring | Tax Filing (pinecocpas.com) They would love to help you find the way of victory in your tax filing because they love to see people use the tax code responsibly as well as find financial freedom through it. To access the bonus tax content mentioned in the episode, go to https://www.hiddenmoney.com/bonus To start using the tax code as a tool to grow your wealth, schedule a call with Pine & Co. CPAs: https://www.pinecocpas.com/consultation Social Media Links Instagram: https://www.instagram.com/hiddenmoney.podcast/ Facebook: https://www.facebook.com/hiddenmoney.podcast YouTube: https://www.youtube.com/@HiddenMoneyPodcast LinkedIn: https://www.linkedin.com/company/hidden-money-podcast/ Twitter : https://twitter.com/hiddenmoney_com You can also listen to our podcast on major podcast platforms links: Spotify - https://open.spotify.com/show/3rmae1bpxvirzfbM571fOK?si=d2129d6ac9ec4519 Apple Podcast - https://podcasts.apple.com/us/podcast/hidden-money-podcast/id1683510065 Google Podcast - https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kZjZmNjE2OC9wb2RjYXN0L3Jzcw iHeart Radio - https://www.iheart.com/podcast/269-hidden-money-podcast-113479063/ Amazon Music - https://music.amazon.com/podcasts/9deef87a-307d-4767-af47-9e01bf0211f9/hidden-money-podcast Pocket cast - https://pca.st/9r4x6t36 Castbox - https://castbox.fm/channel/id5413766 Website - https://www.hiddenmoney.com/

To help you decode the new Tax Relief Act and understand it's benefit, we have setup a webinar on 6th February at 6pm CST.  Click here to register for the webinar. The unbelievable has happened! Congress passed a sensible bill with big tax benefits to American families and workers. Now, you don’t need to be biting your nails about whether you’re going to thrive or just survive in 2024. It doesn’t matter if everyone’s shouting ‘Recession!’ In this episode of the Hidden Money Podcast, join Mike Pine and Kevin Schneider, CPAs, as they unpack 2024’s Tax Relief for American Families and Workers Act to your financial benefit. Disclaimer: The content of this podcast is not legal advice and is meant for educational purposes only. In this episode, we discuss The Tax Relief for American Families and Workers Act proposed on January 16th, bringing positive changes to tax laws. The potential increase of bonus depreciation for two years, benefiting real estate investors and businesses. The significance of bonus depreciation in reducing taxes and stimulating the economy. The positive impact of the bill on research and development expenditures, allowing businesses to deduct them and making it retroactive to January 1st, 2023. Changes to the Child Tax Credit, including indexing it to inflation and making more of the credit refundable. The potential end of Employee Retention Tax Credit (ERTC) claims after January 30th, 2024. The broader economic outlook for the year, considering global recessions and challenges in various nations. Personal finance advice and examples, emphasizing the importance of emergency funds, budgeting, and taking inventory of financial strategies. A call for a proactive approach that rejects partisanship agenda to navigate the changing economic landscape and leverage potential opportunities. To help you decode the new Tax Relief Act and understand it's benefit, we have setup a webinar on 6th February at 6pm CST.  Click here to register for the webinar. Thank you for listening to us! Social Media Links Instagram: https://www.instagram.com/hiddenmoney.podcast/ Facebook: https://www.facebook.com/hiddenmoney.podcast YouTube: https://www.youtube.com/@HiddenMoneyPodcast LinkedIn: https://www.linkedin.com/company/hidden-money-podcast/ Twitter : https://twitter.com/hiddenmoney_com You can also listen to our podcast on major podcast platforms links: Spotify - https://open.spotify.com/show/3rmae1bpxvirzfbM571fOK?si=d2129d6ac9ec4519 Apple Podcast - https://podcasts.apple.com/us/podcast/hidden-money-podcast/id1683510065 Google Podcast - https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kZjZmNjE2OC9wb2RjYXN0L3Jzcw iHeart Radio - https://www.iheart.com/podcast/269-hidden-money-podcast-113479063/ Amazon Music - https://music.amazon.com/podcasts/9deef87a-307d-4767-af47-9e01bf0211f9/hidden-money-podcast Pocket cast - https://pca.st/9r4x6t36 Castbox - https://castbox.fm/channel/id5413766 Website - https://www.hiddenmoney.com/

Business owners dislike losing money to taxes even more than they dislike filing the returns! Discover how to leverage a range of tax credits from R&D to renewable energy. Turn your tedious tax return filing into a sweet, legal portal gaining you 3X more benefit than deductions. In this episode of the Hidden Money Podcast, we continue to talk with Randy Crabtree of Tri-Merit Tax, whose expertise in tax credits may give you the tax-break you’ve been looking for. Disclaimer: The content of this podcast is not legal advice and is meant for educational purposes only. In this episode, we discuss The distinction between tax credits and deductions, emphasizing the significant advantage of tax credits in reducing taxes effectively. A detailed exploration of the Research and Development (R&D) tax credit, including the 4-part test for qualification. Real-world examples illustrating the broad applicability of the R&D tax credit beyond traditional high-tech sectors. Insights into the misconceptions around what constitutes technology in the context of R&D, with examples demonstrating that even non-high-tech businesses can qualify for the credit. Considerations for startups not yet making profit, regarding the R&D tax credit, with a focus on how it can offset payroll taxes. An overview of the substantial opportunities presented by the Renewable Energy Tax Credits. The user-friendly nature of renewable energy credits, with nonprofits being able to turn the credit into a tax payment, and for-profit businesses having the flexibility to offset Alternative Minimum Tax (AMT) or sell the credits. The interconnected opportunities arising from installing renewable energy, such as the potential for additional tax benefits like the Energy-Efficient Commercial Building Deduction Credit (179D) and the possibility of cost segregation studies. To Learn More If you are interested in exploring tax-credits in more detail for your business, reach out to Mike and Kevin in the link below. If you want to connect with Randy Crabtree, you can visit his website Specialty Tax Professionals | Tri-Merit and connect with his team on the Meet the Team page Meet The Team | Tri-Merit. You can also find him on LinkedIn and other social media platforms. To access the bonus tax content mentioned in the episode, go to https://www.hiddenmoney.com/bonus To start using the tax code as a tool to grow your wealth, schedule a call with Pine & Co. CPAs: https://www.pinecocpas.com/consultation Social Media Links Instagram: https://www.instagram.com/hiddenmoney.podcast/ Facebook: https://www.facebook.com/hiddenmoney.podcast YouTube: https://www.youtube.com/@HiddenMoneyPodcast LinkedIn: https://www.linkedin.com/company/hidden-money-podcast/ Twitter : https://twitter.com/hiddenmoney_com You can also listen to our podcast on major podcast platforms links: Spotify - https://open.spotify.com/show/3rmae1bpxvirzfbM571fOK?si=d2129d6ac9ec4519 Apple Podcast - https://podcasts.apple.com/us/podcast/hidden-money-podcast/id1683510065 Google Podcast - https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kZjZmNjE2OC9wb2RjYXN0L3Jzcw iHeart Radio - https://www.iheart.com/podcast/269-hidden-money-podcast-113479063/ Amazon Music - https://music.amazon.com/podcasts/9deef87a-307d-4767-af47-9e01bf0211f9/hidden-money-podcast Pocket cast - https://pca.st/9r4x6t36 Castbox - https://castbox.fm/channel/id5413766 Website - https://www.hiddenmoney.com/

Have you seen the IRS’ renewed warning ‘false claims generate compliance risk for people and businesses claiming credit improperly’? How do you avoid falling into this pitfall with Employee Retention Credit (ERC) and having to return the money to the government? How do you legally qualify for and leverage tax credits? In this episode of the Hidden Money Podcast, we talk with Randy Crabtree, tax-credit expert and founder of Tri-Merit Tax. Randy shares practical insights into ERC law and the IRS’ guiding red flags. His advice might just save you from falling prey to unrealistic claims and information on using tax credits from unqualified sources. Disclaimer: The content of this podcast is not legal advice and is meant for educational purposes only. In this episode, we discuss The significant impact of the Employee Retention Tax Credit (ERTC) during and after the COVID-19 pandemic. The prevalence of inaccurate claims and challenges arising from providers misleading companies about ERTC qualifications, and their consequences. Detailed qualifications for ERTC, including the calculation of a drop in revenue and the Safe Harbor rule. The confusion around the 10% rule for ERTC and the second qualification method involving government mandates. The announced moratorium by the IRS on processing new ERTC claims to address the backlog and inaccurate claims. The IRS's offer for companies to return ERTC funds with no questions asked, emphasizing specific conditions for eligibility. The historical context and purpose behind Congress’ balancing act, imposing challenges on businesses regarding R&D expenses. The complexities, recent changes and potential impact on businesses regarding the capitalization of Research & Development (R&D) expenses. To Learn More If you are interested in exploring tax-credits in more detail for your business, reach out to Mike and Kevin in the link below. If you want to connect with Randy Crabtree, you can visit his website Specialty Tax Professionals | Tri-Merit and connect with his team on the Meet the Team page Meet The Team | Tri-Merit. You can also find him on LinkedIn and other social media platforms. To access the bonus tax content mentioned in the episode, go to https://www.hiddenmoney.com/bonus To start using the tax code as a tool to grow your wealth, schedule a call with Pine & Co. CPAs: https://www.pinecocpas.com/consultation Social Media Links Instagram: https://www.instagram.com/hiddenmoney.podcast/ Facebook: https://www.facebook.com/hiddenmoney.podcast Youtube: https://www.youtube.com/@HiddenMoneyPodcast Linkedin: https://www.linkedin.com/company/hidden-money-podcast/ Twitter : https://twitter.com/hiddenmoney_com You can also listen our podcast on major podcast platforms links: Spotify - https://open.spotify.com/show/3rmae1bpxvirzfbM571fOK?si=d2129d6ac9ec4519 Apple Podcast - https://podcasts.apple.com/us/podcast/hidden-money-podcast/id1683510065 Google Podcast - https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kZjZmNjE2OC9wb2RjYXN0L3Jzcw iHeart Radio - https://www.iheart.com/podcast/269-hidden-money-podcast-113479063/ Amazon Music - https://music.amazon.com/podcasts/9deef87a-307d-4767-af47-9e01bf0211f9/hidden-money-podcast Pocket cast - https://pca.st/9r4x6t36 Castbox - https://castbox.fm/channel/id5413766 Website - https://www.hiddenmoney.com/

2024 is here. Inflation is keeping it company. And the IRS will look to get what it needs. Can you trust governments and politicians to advise your financial future? How can you keep from losing your wealth in taxes to the IRS without breaking the law? Well, be of good cheer. It is possible to strategize your taxes in a way that leverages off inflation and the tax code to legally allow you to keep your hard earned money rather than lose it to the IRS. In this episode of the Hidden Money Podcast, it’s just Mike and Kevin. They share realistic views of 2024’s scenario, but they have encouragement as well as very practical advice and stories that can help you get your tax plan for 2024 up and running. Disclaimer: The content of this podcast is not legal advice and is meant for educational purposes only. In this episode, we discuss A quick snapshot of 2024 tax changes and inflationary adjustments.and their impact on tax brackets and standard deductions. Considerations for itemized deductions and strategic tax planning. Practical tips on charitable giving, property taxes, and financial strategies. Strategies for optimizing estate planning and leveraging family limited partnerships. How to turn everyday business expenses into strategic advantages for tax deductions. Creative approaches to education savings accounts for children and transforming family vacations into legitimate business expenses. The significance of the portability election and gifting limits in estate planning for deaths. Insights into preserving high net worth estates and securing financial legacies by gifting. Actionable insights on being proactive, strategizing, and leveraging the tax code in consultation with financial experts. To Learn More You can reach out to Mike or Kevin on their website Pine and Company CPAs - Investment Tax Strategy | Ongoing Tax Monitoring | Tax Filing (pinecocpas.com) They would love to help you find the financial freedom you’re working hard for and deserve. To access the bonus tax content mentioned in the episode, go to https://www.hiddenmoney.com/bonus To start using the tax code as a tool to grow your wealth, schedule a call with Pine & Co. CPAs: https://www.pinecocpas.com/consultation Social Media Links Instagram: https://www.instagram.com/hiddenmoney.podcast/ Facebook: https://www.facebook.com/hiddenmoney.podcast YouTube: https://www.youtube.com/@HiddenMoneyPodcast LinkedIn: https://www.linkedin.com/company/hidden-money-podcast/ Twitter : https://twitter.com/hiddenmoney_com You can also listen to our podcast on major podcast platforms links: Spotify - https://open.spotify.com/show/3rmae1bpxvirzfbM571fOK?si=d2129d6ac9ec4519 Apple Podcast - https://podcasts.apple.com/us/podcast/hidden-money-podcast/id1683510065 Google Podcast - https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kZjZmNjE2OC9wb2RjYXN0L3Jzcw iHeart Radio - https://www.iheart.com/podcast/269-hidden-money-podcast-113479063/ Amazon Music - https://music.amazon.com/podcasts/9deef87a-307d-4767-af47-9e01bf0211f9/hidden-money-podcast Pocket cast - https://pca.st/9r4x6t36 Castbox - https://castbox.fm/channel/id5413766Website - https://www.hiddenmoney.com/ #hiddenmoney #mikepine #kevinschneider #pinecocpas #tax #taxcode #irs #taxincentives #taxdeductions #taxfiling #cashflow #inflation #smallbusiness #entrepreneurs #entrepreneurship