2228: How to Cheat On Your Taxes Legally by Richard Close

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

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🗓️ 6 March 2023

⏱️ 8 minutes

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Summary

Richard Close with Get Rich Slowly teaches you how to cheat on your taxes legally Episode 2228: How to Cheat On Your Taxes Legally by Richard Close J.D. Roth has been reading and writing about personal finance for a decade. Today he’s financially independent, but ten years ago, his money life was a disaster, with over $35,000 in consumer debt. He started turning everything around in 2004. By being the boss of your own life, you, too, can be the master of your own financial fate. The original post is located here: https://www.getrichslowly.org/how-to-cheat-on-your-taxes-legally/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:00.0	This is Optimal Finance Daily, Episode 2228.
0:04.4	How to Cheat on your Taxes Legally by Richard Close with GetRitchSlowly.org
0:10.1	And I'm your host and personal finance enthusiast, Diana Mariam.
0:14.2	Welcome back to Optimal Finance Daily, where I'm here with you each and every day to read
0:19.1	from some of the world's best finance blogs.
0:22.2	And with that, let's get right to today's article as we optimize your life.
0:30.4	How to Cheat on your Taxes Legally by Richard Close with GetRitchSlowly.org
0:37.0	Ah, Tax Season. That time of year where people complain about the greedy government.
0:42.8	Some folks are so in need that they start looking for ways to cheat on their taxes.
0:47.3	Here's a hint. Never cheat on your taxes. The risks far outweigh their rewards.
0:53.9	How do I know? Because I used to work for the IRS and I saw firsthand what happened to
0:59.7	tax cheats. When people learn I used to work for the IRS, they want in on the secret.
1:05.7	What's the silver bullet that will help you save the most when you file your taxes?
1:10.5	We all know about tax deductions, but which ones are worth the trouble?
1:15.2	In my opinion, you should look at all of them. It may seem like you don't qualify for most
1:20.2	at first, but if you look closely for legal tax cheats or loopholes in the IRS rules,
1:26.7	you may find new ones to save. How to cheat on your taxes legally.
1:32.8	As an advocate for the American taxpayer, I in no way condone committing tax fraud.
1:38.4	However, there are ways you can make those tax cheats or legal tax deductions work for you
1:44.3	without dire IRS consequences. Be creative, but work within the law. You just might save some
1:51.5	money this year on your tax filings. Here are some common tax cheats people try and fail at,
1:57.5	as well as legal alternatives. Pet costs. Your pet is not a dependent, no matter how much you feel
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