Taxes don’t have to be overwhelming or expensive. In this episode of The Crude Truth, host Rey Treviño III sits down with tax strategist Barbara Schreihans to break down practical, legal strategies for reducing your tax bill and keeping more of what you earn.

From paying your kids and spouse through your business, to maximizing deductions, to leveraging oil & gas investments for significant tax benefits, Barbara explains how to think ahead, not just look back at last year’s returns. She also shares insights on the recently passed “One Big Beautiful Bill,” tax credits vs. deductions, and how to turn everyday expenses into legitimate business write-offs.

Whether you’re a business owner, investor, or high-income earner looking for smarter tax moves, this conversation is full of actionable takeaways you can apply right away.

What You’ll Learn in This Episode:

• Why the tax code is written for business owners
• The “Tax-Free Family” strategy for paying kids and spouses
• Board meetings, travel, and vehicle deductions—done right
• How oil & gas investments create massive first-year tax savings
• Key tax changes from the “One Big Beautiful Bill”
• The difference between tax credits and deductions
• Recordkeeping tips to stay audit-ready

Connect with Barbara:

Website: https://yourtaxcoach.com

Instagram: https://instagram.com/yourtaxcoach

Highlights of the Podcast

00:00 – Intro & Context

01:38 – Meet Barbara Schreihans

04:27 – Tax Code Written for Business Owners

06:10 – The “Tax-Free Family” Strategy

09:26 – Board Meetings & Travel Deductions

10:26 – Vehicle Write-Offs vs. Cash-Flow Investments

13:52 – Audit Rates

14:28 – Paying Kids – Any Age

16:53 – Oil & Gas Tax Benefits

19:47 – “One Big Beautiful Bill” – Key Tax Changes

23:12 – Tax Credits vs. Deductions

26:20 – Meals, Alcohol & Entertainment Write-Offs

30:58 – Recordkeeping Best Practices

33:55 – Working with Barbara’s Team

36:58 – Closing & Contact Info