Financial Advisors React to Horrible Tax Advice on TikTok

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

🗓️ 15 November 2024

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

Brian and Bo take on some of the craziest tax advice we've found on TikTok!

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Transcript

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0:00.0	Hey, podcast family, you have to know we are known kind of on the YouTube world as the React channel, the Money Guy Show.
0:08.4	But we don't want you to miss out on any of the funds, so we have something special for you today.
0:13.1	We are so excited. We are going to actually release for you the same audio that we do on our React videos.
0:17.3	Now, if you've not checked out the React videos, go to YouTube.com slash Money Guy
0:21.9	Show and check them out. But if you just want to know what we're getting into from the audio
0:26.8	side, make sure you listen up. This is going to be fun.
0:35.7	So I accidentally put my lunch and my margarita on my business card, which means now I have to make it a tax writer.
0:41.3	Oh my gosh.
0:42.1	That's what this video is for.
0:46.4	Hey, hey, hey, it's Brian and Bo from The Money Guy show.
0:50.1	The team has put together some tax videos.
0:53.4	But I'll be honest, we did get out of them.
0:55.6	It's not necessarily good stuff.
0:57.0	Brent, I am so excited because I love that we can speak into what's good and what's not.
1:02.8	Al Thar on the Internet to help you do money better.
1:06.0	So with that, let's dive in.
1:07.6	There's only one car you buy and the rest you lease.
1:09.6	$150,000.
1:10.7	Range Rover. It weighs 6,000 pounds.
1:12.4	Section 179 IRS says anything over 6,000 pounds, you can write off 100%.
1:17.0	You could buy it on December 30.
1:18.7	100%.
	...

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