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In the Hidden Money podcast, you'll learn how you can legally use the tax code to your financial advantage. There’s wealth inside the tax code. Taxes aren’t the enemy.
Most people hate taxes (and pay more than they should). But when you view taxes only as an evil expense, you miss out on legal ways to grow your wealth. Unlock the secrets to saving tax and building wealth with the Hidden Money Podcast! 🎧💰 Hosted by Mike Pine and Kevin Schneider.
Mike Pine: The biggest expense, if
you're making $500,000 a year, almost
guaranteed, if you're not doing tax
strategy, the biggest expense you
have is your income taxes, the federal
government's taking it from you.
A lot of people don't realize it,
'cause most people are paid by W-2,
and the government's onto that.
They're like, "Hey, if we take withholding
out of their paycheck, they never see
it in their bank account, they're gonna
forget how much we're taxing them."
Go
Kevin Schneider: check it out.
Mike Pine: Welcome to this episode
of the Hidden Money Podcast.
Let me ask you a question.
Do you pay a lot in tax?
Have you listened to strategies
out there and said, "Man, I
don't have time for that"?
You make a lot of money and pay a lot of
tax because you're probably working hard.
I get it.
We get it.
Yeah.
We're working hard.
We're entrepreneurs.
But don't waste that tax that
the government's wasting.
Keep your hard-earned money.
That's what this episode's about.
Kevin Schneider: Yeah.
I, and this is a common occurrence
with most all of our clients w- 'cause
as you get into the wealth of the
clients that we kind of work with,
time is the most important commodity.
Yes.
They can earn money.
They know how to earn money.
They have a, a business running with
the management leadership teams.
They have the machine
actually churning up revenue.
It's our job to make sure, hey, let's
keep as much of that revenue as possible,
but as you grow in wealth, you actually
start to look at, my most valuable
commodity is time, and I don't have
1,000 hours here or 500 hours here.
Some, some of them don't, and they should
not be pouring 500 hours into a tax plan.
Now, could there be benefit to that?
Yeah.
That's our job is to teach you and
coach you, hey, there are options out
there, but at the same time, there's
passive ways or even quick ways to
actively reduce that high income.
Mike Pine: Just think about this.
What we're trying to do is get
you to listen and recognize
there's a different way.
I know what our culture says.
I mean, we, w- we work in the
United States, capitalism.
Hey, let's work hard, get a good
profession, maybe go to a lot of school,
and put in the time and finally start
making those six figures, or get into
the six figures and realize, "Wow, I'm
making the money that I always wanted
to make, but where's it all going?
How come I'm making so much money, but
I don't have it at the end of the year?
Where's it all going?"
Well, I mean, you got a budget, but
that money, a lot of it, is going
to taxes, and we've learned in our
culture, well, that just means I
need to work harder and get the next
promotion so I can make more money.
That is the hamster wheel that
we want to get you out of.
You don't need to be in there.
Kevin Schneider: there.
Yeah.
And people often, often
settle for that too.
It's like, "I made, I made
Mike Pine: enough."
That's,
that's our
Kevin Schneider: culture.
"I got to."
I mean, itâ¦
Look at the tax tables.
I made a million dollars.
I run my million dollars
through the tax tables.
That's what, is what it is.
And we're like, that, it's
Mike Pine: the more you pay.
Yeah.
Kevin Schneider: It's not, it
doesn't have to be that way at all.
The more you make, the
more options you have.
It's not the more you make, the
more I have to pay the government.
The government has incentives
built in the tax code, and I tell
this to clients all the time.
Just think about when Biden was in
office, we had, we had the Democrats in.
They were pushing a lot of electric
Mike Pine: Solar.
Kevin Schneider: solar, all ofâ¦
That was, that was what
the Democrats held dear.
And we had an administrative change
to the Republicans, and Trump got
away with EV, got away with solar.
He ended
Mike Pine: got away with solar.
He
Kevin Schneider: it.
It sunset, and he didn't extend it.
So what we, what is good now, we have
to look at what is the administration
looking, wanting us to do.
Do we have to play ball with them?
No, we don't have to.
But there's incentives in the tax code
that if you go down these avenues,
you can make the choice, but there's
gonna be tax incentives to go down
the avenues the government sets forth
because they've deemed it, at least
the Republicans now, deemed it that
if you invest in these certain areas,
that's good for our country, and we'll
give you some tax benefit for that.
Mike Pine: Now I'm gonna say something
that's probably gonna get us in trouble.
Sorry,
Kevin Schneider: so
Go for it
Mike Pine: I bought a lot of solar
panels and a solar system when Biden
was president, and I like it, and
it's making my electricity cheaper.
As a matter of fact, we're adding
batteries now so that when the power
goes out, I can be independent.
Um, and the tax code
helped me pay for that.
It significantly helped pay for it.
Um, I'm not saying I love Democrats.
I'm not saying I love Republicans.
But there are good things, and I think
it was good for our country, it was
good for our globe to get solar power.
Today, our country needs more
onshore manufacturing that we've
offshored for the last 30 years.
We need it here in this country.
Guess what?
This administration is offering incentives
to invest in on- re-onshoring stuff.
They're invest- offering
incentives to just invest in the
economy, to grow the economy.
There's always good tax
opportunities out there.
There's always good tax strategies.
Republican, Democrat, maybe
Socialist coming up, we'll see.
Um- Hope not.
But people get rich in socialism
too, just not the majority of them.
Yeah, it doesn't work.
Just it gets smaller.
But we'll deal with that if it
comes, Lord willing, it doesn't.
Um, what we're saying
is utilize the tax code.
So let's say you're making, you
finally hit $500,000 a year.
Boy, that's half a million dollars a year.
That is amazing.
I mean, that is, you- you've-
you're, you're in the top echelon.
You're in the top one percentile of
income tax earners or income taxpayers.
Um- But do you have enough money
to invest in that lake house?
Do you have enough money to put
away for your kids' tuition if
you're gonna send them to college?
Do you have enough money to go on and
take a break from work for a month and
spend time with your family in the summer?
A lot of people are like, "No.
You know, we finally got a bigger
house, our mortgage payment went up.
Um, we got nicer cars now.
I'm not driving that beater.
I've got a good reliable car.
Not, not, no Ferrari,
but a good reliable car.
All these payments add up.
Um, I got expenses and I don't
have anything left over."
The biggest expense, if
you're paying fiveâ¦
making $500,000 a year, almost
guaranteed if you're not doing tax
strategy, the biggest expense you
have is your income taxes, the federal
government's taking it from you.
A lot of people don't realize it
'cause most people are paid by W-2,
and the government's onto that.
They're like, "Hey, if we take withholding
out of their paycheck, they never see
it in their bank account, they're gonna
forget how much we're taxing them."
Yep.
Go
Kevin Schneider: check it out.
Yeah.
How much in total tax are you paying?
And then at the end of the day, it all
comes down to, to time because we're,
we're pushing up to the end of the year.
So we're, we're looking at, we're
in the fourth quarter of the year.
You're not gonna probably have time
to do due diligence on a new asset
purchase, like a, a rental property or a
new trade or business or whatever asset
Mike Pine: have-
you're looking at ⦠time to do a new
Kevin Schneider: trade or business
you don't- Like- â¦'cause
we, we got the holidays.
'Cause this is what always happens.
In Q4, what happens is you got
Thanksgiving, so you can probably
kill off a week or two there.
Christmas, you're probably killing off
two, two, at least two weeks there where
you're not working as hard because you
got family stuff, you're traveling.
I mean,
Mike Pine: we're people.
But then you get back to work and you
have to work twice as hard to catch
Kevin Schneider: up from your vacation.
Yeah.
So what can we do today going into Q4
if I'm making that $500,000, let's say,
on a W-2, and they're withholding, and,
you know, I'm getting killed on tax?
What am I doing in Q4?
Mike Pine: And I've heard of the
short-term rental loophole, but I don't
have time to manage a short-term rental.
Yeah.
What do I do?
Yeah.
You hear all the time, I hear
unfortunately, and it's a lie.
Don't buy into this if someone
tells you this, especially your CPA.
"Look man, your W-2, uh, you
don't have any side businesses.
There's no unemployed or, or no
employee reimbursement expense anymore
or unreimbursed expenses anymore.
You're just gonna have to pay tax.
The more you make, the more you pay."
Kevin Schneider: you pay.
Bullcrap.
Yep.
Yep.
So we have several options, um, for you.
We can give you the high level here
just because they're very technical
in nature, and there's, there's risks
involved, and we wanna share those risks.
But on a one-on-one consultation is what
I would prefer in making sure that these
investments and these options that we
are gonna present today actually fit your
investment strategy, your philosophy,
and all this kind of other stuff.
There's so many variables here, but we
just wanna really g- bring you two today
that are available for you today at, in
Mike Pine: 2026.
Well, if we have enough
time, maybe more than two.
I-- There's so many.
Yeah.
But
Kevin Schneider: that they're out there-
Mike Pine: fact is that they're out there,
and they don't require you to commit
significant time that you don't have.
Now, there are some cooler ones.
The more time you can put into a lot
of these types of deals, th-the more
you can de-risk it in a lot of cases.
Not always, but in a lot of cases.
But there are ones that you can
truly go into with very little
time spent, in some cases, none.
Let's talk about the one that
requires zero time put into it.
Kevin Schneider: Um-
Yeah, and this one, it's, it's a
charitable move for your itemized
deductions, and what this would
do is give you five times your
cont- your cash contribution
Mike Pine: in
charitable donations.
Well, somewhere
Kevin Schneider: around five times.
Mike Pine: Is, is kind of the goal.
It's
Kevin Schneider: right?
It's also based on valuation, but yeah.
Yeah, there is valuations involved,
independent valuations involved.
But what this can look like is
you could put in $50,000, and
historically we've seen around five.
It's been up or down a point or
two, but y- we're talking 5X.
So if you put in $50,000 into this
charitable opportunity, at that
point, you would be issued a K-1 that
gives you a $250,000 tax write-off.
Now, how does that work?
We're not gonna get onto that today,
Mike Pine: but there's options
out there- But wait a second.
That sounds a lot like conservation
easements- No ⦠and we never
recommended those, and guess what?
People are getting audited and
taken all the time for those and
having to settle with the IRS.
Yeah.
Kevin Schneider: Yeah.
Sounds like it.
Conservation easements
are dealing with land.
This is not dealing with land.
Conservation easements, that's
a dirty dozen with the IRS.
We veer away from those.
We ve- This is more, this is
way more buttoned up than that.
Yes.
And they believe in this product
so much that they actually have
tax attorneys that defend audits
on behalf of their investors.
So it's kind of like this putting
their money where their mouth is.
Yeah.
They're, they're going to say, "Hey,
if you invest with us, I got your
back if the IRS wants to question it."
And they have had, um, IRS agents question
it, but not because of the deduction.
They've had investors be audited,
not because of the investment,
but because of just general 1040
audits, and then they question it.
Their legal team came in,
defended it, no change.
So I have veryâ¦
We do this pers- personally, we
Mike Pine: this.
So we- I've
Kevin Schneider: we- I've
done three years in a row now.
I've done twice.
Um, and, and we just
want to be very clear.
We've done our personal due diligence.
I have done due diligence.
Mike has done due diligence.
We highly recommend you do your own
due diligence when we talk to you.
This is your money.
This is your investment.
But at the same time, I can give you
only enough confidence that me as a CPA,
it vets tax law, the tax opinions check
Mike Pine: It's- They back it up.
It's more likely than not you'll prevail.
We can never guarantee anything
with the IRS, um- It's always a risk
unless you, unless you
want to overpay your taxes.
So there is a risk-reward ratio, but
it's one we're very comfortable taking.
Yeah.
It's one we're very comfortable
helping defend, even though if
it's with this specific, um,
operator, we don't have to defend.
And
Kevin Schneider: And
Mike Pine: here's the best part, well,
for me, and honestly, it's a great part.
We're talking about these things,
these tax strategies are available and
woven into our tax law to incentivize
things that helps our country,
helps our economy, helps the needy.
In these cases, there are actual
good charitable things that you're
doing with that money, and it just so
happens because of the way the tax law
has, has been defined over the years
and, and been te- tested in court
and solidified, there's avenues where
you can put money in, in this, inâ¦
Well, December's a little
late, but you can sometimes.
I mean, technically you could put it in
Kevin Schneider: December 31st
Mike Pine: if it was available.
December, they might be full.
Yeah, they're gonna be
way full before then.
But technically you could under the tax
law and get a larger deduction than you
put in, a significantly larger deduction.
So what'd it look like for me?
Yes, last year.
Last year, um, $50,000 went in, and that
gave me 50,000 ownership of a really cool
product that's gonna help, and is already
helping, um, DAs, sheriff departments-
prosecute crime better with less man-hours
and let the police and the prosecutors
work on the business of stopping crime
and prosecuting crime better instead
of a lot of the paperwork they do.
And I bought these licenses.
I owned a portion of them, but
they were worth a lot more.
Now, the cost basis is what I got them
for, but they were selling for almost
five times that in the marketplace.
This company was new.
They had this great product.
They wanted to get market
saturation and show all ofâ¦
And, and they had a good heart.
Yeah, they wanna make money,
but they had a good heart.
They knew that they could make and
improve the justice system if they
could get enough people to look at this.
But a lot of municipalities are
not gonna risk half a million
dollars on a software license just
because someone says it's cool.
But what if you find an investor that
was willing to Buy it from you at your
cost, contribute a year or two's worth
of the licenses to these departments
and, and they actually get to use
it, and they see, "Wow, this actually
helps us do our job better and is very
worth the half a million dollars in
two years from now or a year from now."
Um, and they become
clients, paying clients.
They're saving their county money or
their city money, their state money,
um, and they're doing their job better,
and I got a huge deduction for it.
So my 50 grand actually
saved me about $86,000
Kevin Schneider: in
federal taxes last year.
So i- if you came down to
it, you were gonna either pay
the government 86 grand- Mm
or invest or
Mike Pine: donate 50.
Kevin Schneider: I
invested and donated 50.
Mike Pine: donated 50.
50.
Kevin Schneider: So your 50 saved
you 86, and I see this all the
time, and there's caps to this.
That's why you need to speak to us.
First, we need to link you up with them so
you can do your due diligence, and we walk
beside you on the due diligence period.
Mike Pine: we're not just
like, "Here they are.
Let us
Kevin Schneider: know."
We're like- 'Cause
Mike Pine: different ones every year.
They, they- Yes ⦠there's differentâ¦
'Cause not that one that we went
in last time, they don't want to
Kevin Schneider: there ⦠they
don't want to give it away now.
They want to sell it.
Yeah, yeah.
Yeah.
So what happens is there's a cap
on how much you could reduce your
income with charitable donations.
Now, back in 2020 when COVID hit,
they released these caps, but we
have a 50% cap right now, so- 60.
Well, uh, is it?
Yeah.
Okay.
Well, maybe for both.
But then we have- Then we have
the reduced 35% rate anyway.
Yeah.
But- So- So let's say you make
a million dollars on a W2.
You can contribute, let's say 100
grand into this charitable donation.
You're gonna get a $500,000 write-off.
Somewhere around.
Somewhere around there.
So now let's say your income goes
from 1 million to 500,000, that
$500,000 deduction likely is gonna
save you 180, 200 grand in tax, and
we have benefits just being a Revvll
client of getting into these deals,
priority, and you have these other kind
of discounts that we can offer you.
So it's a tremendous opportunity.
It's a little bit out there.
That's why you need to
walk with a professional.
I like to rope in financial
advisors if at all possible
just to get your team around it.
It- bring your attorney.
Bring your financial advisor.
Meet with us.
We can link you up with them.
But the first stop, uh, man, let's
just teach you and see if it's
Mike Pine: opportunity that would fit your
tax footprint.
And let's talk about the risk on this
one before we move to the next one.
So there, there is a risk that,
that, uh, the, the Congress
changes the law and says, "Nope.
You know, we could do that
previously, but you can't do it now."
Like they did with conservation easements,
and then they go back after people.
That's a risk Is there a likely risk?
I don't know.
But if you rely on a legal tax opinion
written by a very qualified l-- tax law
firm before you file it, the IRS says
that you relied on reasonable advice.
You took this tax position.
Worse comes to worse, we throw it out,
you gotta pay us the taxes you saved back.
But because you relied on a qualified
opinion, um, more likely than not
opinion is what they're called now
in Circular two thirty, I believe, is
because you relied on that, no penalties.
So that's risk one.
Risk two, you can't guarantee the five X.
What they base that on is
their internal valuations, but
they can't use their internal
Kevin Schneider: valuation person.
They're, they could, but they, it'd
Mike Pine: they'd be un- incompetent.
Yeah.
And it wouldn't, it wouldn't
pass the IRS muster.
Then they-- after they contribute this
property, then they have to go get a
third party, well-respected, especially
with the IRS, certified appraiser in
intellectual property or whatever other
kind of property, sometimes it's actual
tangible property, and provide evaluation.
They've done enough due diligence
internally, know it-it should come around
somewhere to, like, five, but they can't
guarantee that 'cause every valuation
specialist comes with something different,
and they'll be more conservative.
So we've seen it as low as i-in
the four-four x, like more than-- I
think the lowest I got was four nine,
four point eight, four point nine.
We've seen it higher too than five.
So y- that's another risk you're taking.
Um, but again, if the IRS comes or
Congress changes the law and they, uh,
they say, "No, we're challenging this
deduction you have," there's a law firm
that has written these covered opinions
that knows this transaction and the
tax law behind it s- better than any
other firm in the nation, I think.
And they already have a retainer paid
to cover you, um, because they take
a p- percent of the proceeds invested
and put it in a literal IOLTA account,
a retainer account, with that law
firm, and it's just sitting there,
and it's in the tens of millions now.
So tho-- th-there are risks, um, and
there's never a guarantee with the IRS.
Even if you're following the law,
they audit people and, and fine
them even though they didn't break
Kevin Schneider: any rules.
And the- And, and the people don't fight
it.
I would say
Mike Pine: biggest risk
Kevin Schneider: risk
is almost doing nothing.
Yes.
Um, a big risk is just paying your
taxes and filing them as you have
been, and there's more out there.
And to have benefit, to have some
sort of profit in business and
investing and no matter what area
in life, there's gonna be risk.
Even marrying somebody, bettering
your life, having children is a risk.
There's health risks,
there's, uh, emotionalâ¦
Uh, uh, there's so many
Mike Pine: things that go
into- Marrying my wife
was not a risk for me.
It was a big risk for her.
Just saying.
That, yeah.
Kevin Schneider: see?
There's risk . Not for me.
I know.
You're the risk.
I- trust me, I know.
I work with you.
Right.
But, um, there's risk in every area
in life, and if you've never taken
any risks in the tax area, then y-
y- you could be as aggressive as
Mike Pine: want
Kevin Schneider: on the
investment side, but man, you're
missing out on so much profit.
Not profit, but I would say
wealth generation by, in,
Mike Pine: in, by way of tax mitigation.
Well, yeah, I mean, that's
just my example last year.
If I would've just said, "You know what?
I'm gonna pay the IRS 86 grand
in tax," versus funding this
incredible contribution that
ended up being contributed,
Kevin Schneider: Mm-hmm
Mike Pine: I would've lost an
additional $36,000, or paid,
overpaid my taxes by 36,000.
What do we do with that?
We invested it.
If that grows, let's say it only grows 6%.
Let's say it grows 7%, so we
can do the rule of 72, right?
If it grows 7% a year, well, in
the next 10 years, that's $72,000.
Another 10 years,
Kevin Schneider: Another 10 years,
Mike Pine: that's $144,000.
Then when I'm retired, I have that.
So the risk, opportunity cost
was I'm gonna have that 144,000
in 20 years or 30 years.
That's an oppor-
Kevin Schneider: That's also
a risk, but it is a risk.
Um, it's a
healthy one.
We had a client who made-- We had a
client make, uh, five million dollars on
a W2, and he can ch- That's a lifetime.
Yeah.
And he, he maximizesâ¦
We're talking, he saved millions
in taxes by do, doing this.
So if you just compounded your tax
savings, think of his compounding.
And that's what we always try to
preach is when you save on taxes,
if we're able to save a hundred, two
hundred, a million dollars in taxes,
we want to put that money to work.
Yes.
Uh, we want to put it into
something so it can grow because
a lot of taxes just deferment.
Now, this is not deferment.
There's no recapture, there's no
clawing back except un- you got audited.
But in the event that you actually do
save thirty-six thousand dollars, tha-that
is not going back to the government,
so you can invest that and grow it.
So it's almost one of those no-brainers,
and it requires no material participation.
It requires no time.
It just requires education,
vetting, and risk.
So there might be some due diligence
on the front end just to make sure
you're stewarding your money well.
Mike Pine: some due diligence on
the front end just to make sure
you're stewarding your money well.
But- But again- But ⦠I, I guess I
want to say two more things about it.
We have talked too long 'cause
we, we still haven't introduced
at least a second one, and I
wanted to introduce like a dozen.
But we'll getâ¦
W- Let me, let me try
to wrap this up quickly.
Um, first of all, be very careful.
We've seen knockoffs of this
fund that they will not prevail
if the IRS ever challenges them.
We've seen knockoffs
Kevin Schneider: knockoffs of this fund
Mike Pine: that truly were, best as I can
tell, absolute fraud, and there was never
actual, a charitable contribution made.
Um, we have a client involved
in one of that, and thatâ¦
and it sucks for them, um, because not
only did they not save the money, but,
Kevin Schneider: you know, now they're
worried about the IRS coming after them.
Mike Pine: the IRS, and we're
trying to deal with that.
He did go get some advice, but yeah.
He did go get some advice, but ultimately.
Um, so the-- Be careful when you're
looking at strategies like this.
The main thing you need to know
is, is this just a tax benefit?
Is the, the company or the sponsor
that's offering this truly just
selling a, a, a tax shelter?
If they are, be very, very wary because
that's how the IRS looks at this.
But if there's actual substance to what
we're doing here, like I just explained,
there was true substance to the one I
did last year, and the one I did the year
before, and the one I did the year before.
Real substance that was really
improving a good cause, um, and good
tax law behind it, then you, you
are well more likely than not to
prevail if the IRS challenges you.
Um, I, I, well, I want to close with one
more thought, though, and question, topic.
People, a lot of CPAsâ¦
Man, they even taught me this in, in
my, uh, senior level classes in, uh,
in accounting school, in tax class.
Tax law is black and white.
There'sâ¦
If, if you're taking risk,
then, um, you're breaking
Kevin Schneider: the rules.
You ever
Mike Pine: that?
Yeah.
Oh, all the time.
Well, so if that were the truth, why
would IRS and Circular 230 and all the
rules that we have to follow as CPAs, the
paid professional tax preparer rules, the
AICPA rules, why would they all say if a
tax preparer knowingly takes a position
on a tax return that he's not more
likely than not to prevail if challenged,
then he can be fined and penalized.
But if a tax, if a tax professional and
CPA like us takes a position where the
professional standard and, and any good
tax person would believe that you're more
likely than not to prevail, no penalties.
Why would it say that if
everything was black and white?
Go ask your tax
Kevin Schneider: preparer
that, and then go find a
tax preparer.
Yeah, why is there nuance?
Why, why is there nuance for
professionals and those guardrails?
You're right.
Like, why?
Because- It, it's like, if you're
able to pass or not, why doesn't
it just say, "Can your, can your
CPA, can you defend this position?
Yes or no?
A hundred percent or zero percent?"
Because it's black and white.
Like, even the speed limit signs.
Like, speed limit signs
are, they-- it's a legit
Mike Pine: law.
If the
Kevin Schneider: highway
is seventy miles an hour.
And you're going seventy-one.
If you're going seventy-one
and the cop's over there, he's
gonna be like, "Whatever."
If you're going ninety-one,
you're probably going too fast.
You're more likely than not
going to get pulled over.
Go seventy-five.
You can
Mike Pine: can go 78.
See, I take it differently, man.
I- I'm actually more conservative
driving like that because- You go
68 in the left lane ⦠not all the
Kevin Schneider: in the left
Mike Pine: No, I go sev- I go
Kevin Schneider: of those 70 in the
Mike Pine: lane because
I'm following the speed.
You're a jerk.
Because
Kevin Schneider: a jerk
In Romans it says, "Submit
Mike Pine: to the authority
that you're under."
Kevin Schneider: Uh-huh.
And
Mike Pine: now, I'll be honest, when I'm
running late, it's, it's very hard not to.
And my kids call me
out on it all the time.
"Dad, you're speeding."
I'm like, "Oh, you're right.
Sorry."
Or in a couple of cases when we're
running late to drop them off at
school, "Dad, you're speeding."
I was like, "We got to speed this time."
Um, but I try not to.
And I try not toâ¦
I try to submit to the tax authority,
the legal authority, the tax law that we
are under with our tax strategies and tax
planning, and that's what we're doing.
It's just you- the IRS writes these
laws that can be applied so differently
based on the fact set and circumstances.
Not, I promise you, not every increased
charity fund, some people refer to them
as leverage charity, but there's no
leverage involved, um, not all of them
will pass muster if tested under law.
But some of them we think will, um,
Kevin Schneider: and
Mike Pine: that's the risk.
Kevin Schneider: So we got to move on-
Yeah.
Well, I actually got- Any
other thoughts on that, Terry?
We'll do that ⦠I got something thatâ¦
So we wanted to bring you two strategies.
We're already at 24, 25 minutes.
So why don't we do this?
Next episode we're going to
bring you the second one.
So you got to stay tuned.
I would subscribe.
Make sure you're hitting the like button.
Make sure you're catching all of
our material, because next week
we got a even cooler one that
actually has cash flow and ROI.
So next week we're going to have a really
Mike Pine: cool one.
So stay tuned.
I wish we could've gotten to-
You're going to do a cliffhanger here?
Yeah.
You're going to leave like
that without even giving them
Kevin Schneider: a
Mike Pine: hint of what it is?
I kind of like that.
You got to wait.
That's right.
You, youâ¦
And you need to like and subscribe,
please, and comment aboutâ¦
Come on,
Kevin Schneider: And
comment aboutâ¦
Come on, Kevin.
Don't worry about it.
Yeah, my bad.
Come on.
We try to get to, but there's just
so much to this, and when we get
amped up, we kind of trail off.
So next week we're going
to have number two.
It's another passive deal that we can
wipe away some income, but there's hurdles
to it, but there's tremendous ROI, and
it's an amazing cash flowing investment.
So we will see you next week
Mike Pine: on the Hidden Money Podcast.
Thank you for listening to this episode.
Revo Taxpayer Advocacy LLC is not licensed
or registered as a CPA firm with the
Texas State Board of Public Accountancy.
I'm a CPA, Kevin's a CPA.
We have a lot of CPAs on staff that are
licensed and held to the same standards.
However, when we decided to be
revolutionary and change our name to Revo
Taxpayer Advocacy, the state board would
not allow that and let us remain licensed.
They say we have to have one
of our names in the firm for
us to be licensed as a firm.
And guess what?
It's not us that's important.
It's revolutionizing the way you feel
about taxes and saving you money.
We are advocates for you, so we were
willing to drop our firm license even
though we're still individually licensed.