If your idea of year-end tax planning is “buy a new truck to save on taxes,” think again. In this episode of Hidden Money Podcast, tax strategist and CPAs at Revo Tax Mike Pine and Kevin Schneider answer the 10 most frequently asked questions about proactive tax planning. They bust the myth that purchasing a big asset is the best way to cut your tax bill and share smarter strategies to change your facts and legally lower your tax before December 31.

You’ll learn:

• Tax Planning vs. Tax Prep: Why planning ahead is a game-changer (and how it differs from simply filing taxes).

• Avoidance vs. Evasion: The crucial difference between legal tax avoidance and illegal tax evasion, and how to stay on the right side of the law.

• Timing is Everything: When to start planning and how often to review your strategy (so you never miss out on deductions or credits).

• Audit Risk Myths: Whether using aggressive tax strategies (like big year-end write-offs) increases your audit risk, and how proper documentation keeps you audit-proof.

• Real Savings Examples: How smart moves (like strategic investments and business structuring) helped real clients save tens of thousands

• Cost vs. Benefit: What quality tax planning services might cost and why the right tax strategy can pay for itself multiple times over.

• Stop Overpaying: Simple ways to ensure you’re not leaving Uncle Sam an unnecessary tip. If you’re earning well and not planning proactively, you are overpaying your taxes.

Ready to stop overpaying and keep more of what you earn? Book a free consultation with the Revo Tax team at revotaxpayer.com to get your personalized year-end game plan.

Disclaimer: This episode is meant for educational purposes only and is not tax, legal, or financial advice. Always consult with a qualified professional for personal guidance.