Episode Details

On this week's episode we turn it on the taxpayer. We look at the habits, assumptions, and easy shortcuts that quietly cost people money.

Along the way: a client who rated us three out of five over a strategy that saved her $150,000, a man paying $780,000 a year in tax who said "it is what it is," and a state tax cliff that cut a family's charitable deduction in half.

Get in touch: https://www.revotaxpayer.com/?utm_source=revo-taxpayer&utm_medium=podcast&utm_campaign=s4e24-what-taxpayers-are-missing&utm_content=show-notes#contact-1

Chapters
[00:00] Truth with love — turning last week's episode on the taxpayer
[01:00] Why easy is expensive: $2,000 a year over thirty years
[04:20] The LLC that should have gone inside the S corp
[07:00] Don't assume your CPA is your advocate
[09:20] The Lamborghini, $2 million a year, and $780,000 in tax
[13:30] The tried and true: 401(k) match, HSAs, Trump accounts
[16:00] Bunching deductions, and the one-day timing difference
[18:00] A client who rated us three out of five — refund is not savings
[21:40] The state that halves your charitable deduction over $1 million
[27:30] Making more money doesn't mean paying more tax

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