Episode 260 - Mike & Kevin┃Unlocking Tax Benefits With Short Term Real Estate

In this episode of the Vacation Rental Revolution podcast, host Shawn Moore discusses the importance of tax strategy with Mike Pine and Kevin Schneider from Revo Taxpayer Advocacy. They explore the differences between traditional CPA services and proactive tax strategy, emphasizing the need for relationships with clients and the potential for significant tax savings through strategic investments. The conversation covers various investment avenues, including real estate and oil and gas, and highlights the importance of tax planning for W-2 earners. The episode aims to empower listeners to take control of their tax liabilities and maximize their wealth-building potential. In this conversation, Mike Pine and Kev discuss various strategies for maximizing tax benefits, including charitable contributions and the importance of having a tax advisor. They explore the transition to a flat fee model for tax services, emphasizing the need for proactive tax planning throughout the year. The discussion also covers creative tax strategies for rental properties, potential changes in tax laws, and the implications of upcoming tax reforms. The conversation concludes with a focus on the future of taxation in America and the importance of staying informed about these changes. CONTACT THEM: https://www.revotaxpayer.com/ 817-581-3223 FOLLOW THEM: https://www.linkedin.com/company/revo-taxpayer-advocacy/?viewAsMember=true https://www.youtube.com/@UCo0_nbVzag7slF8iSyBbNiQ https://www.facebook.com/hiddenmoney.podcast/ https://www.instagram.com/hiddenmoney.podcast/ FOLLOW US: https://www.instagram.com/vodysseyshawnmoore https://www.facebook.com/vodysseyshawnmoore/ https://www.linkedin.com/company/str-financial-freedom https://www.tiktok.com/@vodysseyshawnmoore GET YOUR FREE BOOK & TRAINING HERE: https://vodyssey.com/ Chapters 00:00 Introduction to Tax Strategy and Rebranding 02:05 Understanding Tax Strategy vs. Compliance 05:02 The Importance of Relationships with CPAs 08:00 Investing in Real Estate and Tax Benefits 11:53 Exploring Alternative Investment Strategies 15:06 Tax Planning for W-2 Earners 19:56 Maximizing Tax Benefits through Diverse Investments 23:51 Maximizing Tax Benefits Through Charitable Contributions 25:34 The Value of Tax Advisors 27:35 Transitioning to a Flat Fee Model 28:42 Proactive Tax Planning 30:54 Creative Tax Strategies for Rental Properties 31:50 Anticipating Tax Law Changes 34:49 Potential Tax Reforms and Their Implications 39:45 The Future of Taxation in America