WCI #309: Taxes
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 6 April 2023
⏱️ 39 minutes
🧾️ Download transcript
Summary
It's that time of year where we have lots of questions about taxes. Today we talk about how to file an amendment to your 2022 tax return. The good news is it's not hard and it is not a big deal. We also talk about what to do if your tax professional makes a mistake on your taxes. Next we get into some questions regarding tax loss harvesting and what the averaging method is. We discuss if there is ever a good reason to use a robo-advisor to help with tax loss harvesting. Finally we answer a question about the pro rata rule as well as a few student loan questions.
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The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs for specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you!
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Transcript
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| 0:00.0 | This is the White Code Investor Podcast, where we help those who wear the White Code get a fair shake on Wall Street. |
| 0:05.3 | We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011. |
| 0:15.0 | This is White Code Investor Podcast No. 309, Texas. |
| 0:18.9 | Our road is committed to serving the financial needs of doctors, including helping you get the home of your dreams. |
| 0:23.9 | Lower Road's physician mortgage is a home loan exclusively for physicians and dentists, featuring up to 100% financing on loans of a million dollars or less. |
| 0:33.2 | These loans have fewer restrictions than conventional mortgages and recognize the lender's trust in medical professionals, creditworthiness and earning potential. |
| 0:40.9 | Barters can also get up to $650 off closing costs. |
| 0:45.6 | For terms and conditions, please visit www.louraroad.com forward slash WCI. |
| 0:52.6 | As www.louraroad.com forward slash WCI. |
| 0:55.6 | Lower Road is a brand of key bank and an equal housing lender, NMLS number 399-7977. |
| 1:01.6 | Alright, welcome back to the podcast. It is the 13th March when I'm recording this, but this is going to drop on the 6th of April. |
| 1:10.6 | It writes in the rush to finish up filing taxes for many of you, although I highly recommend extensions, by the way. |
| 1:17.6 | It's very convenient to have until October 15th to send in your tax returns. |
| 1:22.6 | You still have to pay any tax due by April 15th, but it's amazing how much less pressure there is on accountants, you know, later in the summer than on April 15th. |
| 1:31.6 | So, something to consider is filing those extensions. |
| 1:35.6 | One thing you can't get an extension for, though, is our continuing financial education 2023 course. |
| 1:41.6 | That sale only goes through April 17th, and then it goes back to its normal price of $789. |
| 1:47.6 | But for now, through the 17th, you can get this for $699, and it will give you continuing medical education, credit, or dental. |
| 1:57.6 | Continuing education, credit. |
| 1:59.6 | You don't know the exact number of hours is I'm recording this could be as many as 22. I'm sure it'll be at least 15, which is plenty to justify to your CME folks that need to approve it. |
| 2:09.6 | But you can use your CME dollars for this, or you can write it off as a business expense. |
| 2:13.6 | Tons of awesome content on wellness this year. Tons of awesome content on retirement for pre-retirees and retirees. |
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