372 | Can I Get an Extension, Please?

ChooseFI

Brad Barrett | Choose FI Media

Financialindependence, Investing, Firemovement, Passiveincome, Frugalliving, Personalfinancepodcast, Daveramsey, Careers, Business, Earlyretirement, Habits

4.8 • 5K Ratings

🗓️ 11 April 2022

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

It's officially tax season! In this week's episode, Brad and Jonathan discuss tax extensions and share some of their experiences paying taxes in the past. No matter what walk of life you are in, at the end of the day we all have to pay taxes. As members of the FI community, we should do our best to stay calm and tackle the task!

Timestamps

1:10 - Introductions
1:55 - Daylight Savings
5:18 - Viral Nightmare Tax Scenario
11:36 - Putting Aside Taxes
20:39 - Extensions
26:32 - The Not Genius Move
31:17 - Larger Than Expected Tax Bills
34:30 - Small Business and Side Hustles
37:53 - Conclusion

Resources Mentioned In Today’s Conversation

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Transcript

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0:00.0	Can I get an extension please?
0:02.1	Yes, today we're going to be talking about taxes.
0:04.0	You know, we're rolling into the tax deadline
0:06.2	and some of us have been caught unawares.
0:09.4	What do you do?
0:10.3	Today we're taking a look in at some of the nuance
0:12.2	of the tax code and some unique strategies
0:15.3	to help out potentially some of our listeners.
0:17.2	Maybe you.
0:18.0	All right, guys, welcome to the Ultimate Crowds
0:19.4	Source Personal Finance Show.
0:20.5	This is ChooseFi.
0:22.2	You're listening to ChooseFi Radio.
0:24.7	The blueprint for financial independence lives here.
0:37.6	If you're looking to unblocked as secrets
0:39.7	to financial independence and early retirement,
0:42.6	you're in the right place.
0:44.4	Stay tuned and join a community of like-minded people
0:47.2	who are getting all the answers to your
0:49.4	and taking control of their lives
0:51.4	in the pursuit of financial independence.
0:53.6	ChooseFi.
	...

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