Don't Fall For These 5 Tax Traps!

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.6 • 2.8K Ratings

🗓️ 21 February 2025

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Taxes are an unavoidable part of life. The good news? You have more control over your tax situation than you might think. In this guide, we'll explore five common tax traps that could be costing you thousands of dollars each year. By understanding and avoiding these pitfalls, you can keep more money in your pocket, make the tax code work FOR you instead of against you, and stretch your dollars that much further. Jump start your journey with our FREE financial resources Reach your goals faster with our products Take the relationship to the next level: become a client Subscribe on YouTube for early access and go beyond the podcast Connect with us on social media for more content Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:56.5	Visit ServiceNow.com slash UK slash AI for people. Today, five tax traps, we want to help you
1:03.3	avoid.
1:09.9	Brent, I am so excited to talk about this because it is no surprise.
1:14.1	Our tax code in this country is somewhat complicated.
1:17.7	It's difficult.
1:18.5	And we recognize that there are traps that you can very well fall into.
1:23.1	And we want to help describe them to you so that you can avoid these tax traps.
1:26.5	Yeah, I feel like we hit this full spectrum because we're going to give you the ones that you so that you can avoid these tax traps. I feel like we hit this full
1:27.9	spectrum because we're going to give you the ones that you've heard a few of these before, but then I
1:32.1	think we've got to have an angle for our entrepreneurs and others that you probably have not heard
	...

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