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Help Wanted

"How Do You Approach Tax Deductions?" with James Altucher

Help Wanted

Money News Network

Education, Business, Self-improvement

4.7441 Ratings

🗓️ 18 March 2020

⏱️ 38 minutes

🧾️ Download transcript

Summary

Though filing taxes may not be the most exciting thing to do, it’s actually a great way to get back the money you deserve. In this special bonus episode, Jason and Nicole hear from a man who created a strategy that allows him to never pay taxes again, then they debate and break down the best ways to file taxes. Plus, investor and entrepreneur James Altucher joins the show to discuss the best and worst ways to save money while claiming deductions.

Transcript

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0:00.0

Hush Money is a production of I-Heart Radio.

0:03.0

This is Hush Money, a show about all the money subjects you're too uncomfortable to talk about.

0:13.0

But we're not. I'm Nicole Lapin, money expert, and author of the books,

0:17.0

Rich, and Boss Bitch.

0:18.0

And I'm Jason Fyfer, editor-in chief of entrepreneur magazine.

0:21.0

And we believe if you don't talk about money, you're never going to make any of it.

0:25.0

So let's start talking.

0:26.0

Each episode, Nicole and I will debate a tricky question about money and then bring in a celebrity judge to decide who's right.

0:32.8

So let's get uncomfortable.

0:34.8

Okay, so this is a bonus episode that we're dropping for tax season because, you know, everybody has to deal with taxes and not everyone knows what to do. So,

0:47.5

Death and taxes.

0:48.5

Nicole, how do you do your taxes?

0:50.0

Why are you looking for a good accountant?

0:52.0

No, I mean, like how far do you go in taking deductions?

0:55.8

Are you like coming up with complicated ways to reduce your taxes?

0:59.3

You know, that stuff.

1:00.3

I mean, I wouldn't call them complicated ways of reducing my taxes but I'm obviously

1:04.8

following the law and looking out for number one why what's a complicated way of

1:10.6

reducing taxes? Well that's what I wanted to know because you know we always read news stories about people

1:15.9

that go to extreme lengths to lower their taxes or giant corporations that pay no taxes and I

1:20.1

wanted to talk to someone who does this.

1:22.5

So I put a call out on LinkedIn asking for someone

...

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