Hidden Money Podcast

Bad CPA Advice That’s Wrecking Your Year-End Tax Plan Is bad CPA advice quietly wrecking your year-end tax plan? In this week’s Hidden Money episode, Mike and Kevin unpack the most common things people hear from their CPAs that sound “responsible” but actually cost them tens of thousands of dollars in unnecessary tax. If you have ever been told “there is nothing else you can do” or “just pay it an...

If you’re a high-income earner wondering why your bank account doesn’t reflect the long hours, sacrifices, and hard work... you’re not alone. In this powerful episode, CPAs Mike Pine & Kevin Schneider break down what year-end tax planning really means for high earners and why strategic tax moves can feel like magic when done right. This is the episode that finally explains why “making more mon...

Year-end real estate tax planning can save hundreds of thousands or turn into a costly audit nightmare when done wrong. In this episode, Mike & Kevin break down real client stories where DIY tax advice, online templates, and even ChatGPT-led planning derailed purchase price allocations, cost segregation, bonus depreciation, and lender negotiations. You’ll learn why real estate tax planning isn...

If your idea of year-end tax planning is “buy a new truck to save on taxes,” think again. In this episode of Hidden Money Podcast, tax strategist and CPAs at Revo Tax Mike Pine and Kevin Schneider answer the 10 most frequently asked questions about proactive tax planning. They bust the myth that purchasing a big asset is the best way to cut your tax bill and share smarter strategies to change your...

If your only touchpoint with a CPA is dropping off documents in March, you’re doing tax prep, not tax planning. In this episode, Mike and Kevin show how proactive tax strategy, in-year moves (made before December 31) can change your facts and legally lower your tax. You’ll learn: Tax planning vs. tax preparation (and why planning must come first) How to find a CPA/ tax strategist who meets with yo...

The Tax-Free Exit Strategy Your CPA Wishes They Knew About You've heard the saying: the only sure things are death and taxes. Mike and Kevin are here to call BS on the taxes part. In this episode of Hidden Money , we dive deep into the Opportunity Zone (OZ) strategy, a powerful but underused tool, recently supercharged by the One Big Beautiful Bill act. Learn how savvy investors are using OZs to l...

Thinking about real estate syndications? In this episode, we sit down with Jack, operator, LP, and former Fortune 500 M&A/CFO leader, to break down how syndications work, who should consider them, and the (very real) tax advantages when they’re structured well. What a syndication actually is (and how it differs from partnerships and going solo) GP vs. LP roles, simple vs. complex waterfalls (w...

Real estate investors are missing one of the most powerful, and overlooked tax strategies: Purchase Price Allocation (PPA). In this episode, Mike Pine & Kevin Schneider from Revo Tax reveal how to use PPA to front-load depreciation, offset W-2 or self-employed income, and dramatically lower your tax bill. Learn how PPA compares to cost segregation, when each is best, and why this move can supe...

Build steady cash flow, pay down debt with tenant dollars, and unlock serious tax advantages without living inside an Airbnb turnover. In Part 3 of our Real Estate Series, Mike and Kevin break down how long-term rentals build wealth and legally cut taxes. What you’ll learn Long-term rentals vs. short-term: cash flow, workload, and tax treatment Passive vs. active income rules, and why that matters...

Thinking about buying a vacation rental—or already own one? In this episode of the Hidden Money Podcast , we break down how short-term rentals can be a powerful wealth-building and tax-saving tool. From bonus depreciation and cost segregation studies to material participation rules and IRS audit strategies, we show you how to make the tax code work in your favor. You’ll hear real client examples o...

Real estate can build wealth three ways—cash flow, appreciation, and (the sleeper) depreciation . In today’s kickoff to our Real Estate Series, we break down how to start smart: entities, lending, liability protection, and why fixed-rate debt + depreciation can supercharge ROI. In this episode: LLCs vs. S-Corps/C-Corps for rentals (and how to keep your veil intact) Lending basics for investors: do...

Selling your business is a once-in-a-lifetime move—don’t give Uncle Sam a tip. In this episode of Hidden Money , we sit down with Kyle Gabbert and Tyler Wright of Bluegrass Legacy to unpack the real playbook for exit planning: building enterprise value (not just income), installing SOPs so your company runs without you, and preparing for the 55% of exits that are unplanned . We also dig into tax s...

Making Smart Moves in Today’s Market (ft. Kyle Gebhart & Tyler Wright, Bluegrass Legacy) Rates. Inflation. Politics. Portfolios. In this episode, Kyle Gebhart and Tyler Wright from Bluegrass Legacy join Mike & Kevin to unpack what’s really driving today’s market, and the moves smart investors can make now. In this episode: • The Fed’s tough tradeoff: inflation vs. unemployment• How higher...

 In this power-packed episode, Mike Pine and Kevin Schneider reveal one of the biggest hidden gems in the U.S. tax code: intangible drilling costs (IDCs). Whether you're a W-2 earner, self-employed, or a business owner looking for a major deduction, oil and gas investing—done the right way—could save you tens of thousands in taxes each year. 💼 What You’ll Learn: How intangible drilling costs (IDC...

As a high-earning physician, your income and assets make you a prime target for lawsuits, audits, and financial predators. In this episode of the Hidden Money Podcast , CPAs Mike Pine and Kevin Schneider reveal the steps doctors must take to shield their personal and professional assets from liability. This episode explores: Why insurance is not enough to protect your wealth The role of LLCs, LPs,...

High-income physicians with multiple income streams can unlock massive tax savings—if they know how to leverage real estate correctly. In this episode of the Hidden Money Podcast , CPAs Mike Pine and Kevin Schneider explore the strategic use of both long-term and short-term real estate investments to reduce taxable income. 🎯 Key Topics Covered: Depreciation: Why it's the “magic deduction” for gro...

If you're a self-employed doctor, 1099 physician, or owner of a medical practice, this episode is for you. CPAs Mike Pine and Kevin Schneider dive deep into the world of physician tax planning—where high income, high liability, and complex business structures collide. Discover how to structure your practice using an LLC or PA to limit liability and unlock tax benefits. Learn how S corp elections c...

Are tax refunds “free money”? Should W-2 earners just accept high tax bills? And is the IRS really your enemy? In this myth-busting episode, Kevin and Mike tackle 7 of the most common, and most damaging, misconceptions about taxes. From misunderstood red flags to overpaying "just to stay safe," they reveal how these myths are quietly costing you money. Discover how to turn the tax code into your g...

Ever heard the term "IRS red flag" and panicked? You're not alone. In this episode of Hidden Money , Mike and Kevin break down the most common IRS red flags, what they actually mean, and how to approach them strategically. You'll learn: What qualifies as an IRS red flag How smart tax planning can raise flags and still be legal Which red flags are worth defending and which you should avoid Real-wor...

Are you self-employed or running a small business? You could be paying way more tax than you need to. In this episode of The Hidden Money Podcast , Mike and Kevin break down S Corporation tax strategy secrets, including how S Corps can dramatically reduce your self-employment tax, what “reasonable compensation” really means (hint: it’s NOT a fixed percentage), and why setting up an S Corp the righ...

This week on Hidden Money , we unpack the massive “One Big, Beautiful Bill,” signed into law by President Trump on July 4th, 2025. From permanent 100% bonus depreciation to increased deductions for tip income and overtime pay, this sweeping legislation reshapes the tax landscape for business owners, investors, and families alike. 🎙️ In this episode, you’ll learn: Which deductions are now permanent...

Giving back has never been smarter. In this episode of The Hidden Money Podcast, discover how strategic charitable giving can unlock major tax breaks while fueling the causes you believe in. From advanced strategies like bunching and donor-advised funds to practical tips for avoiding IRS scrutiny, Mike and Kevin walk you step by step through everything you need to know to make every dollar count....

In this episode of Hidden Money Unleashed , Mike and Kevin break down high-impact tax strategies for high-income earners. Learn how to: Identify your tax challenges using the 3 income buckets: active, passive, and portfolio Convert passive investments (like oil & gas) into active tax deductions Legally multiply your charitable deduction through strategic giving Use crypto and capital losses to...

What do baseball, Bible class, and bourbon have in common? For Kevin Schneider, they’re all part of the path that led him to become a tax strategy powerhouse. In this episode, Kevin shares his origin story—how he stumbled into accounting, why he left ministry, and how personal struggles and career missteps ultimately led to purpose and success. Mike and Kevin get real about the ups and downs of en...

Your life just changed—what does that mean for your taxes? In this episode of Hidden Money, Mike and Kevin dig into major life events and how they impact high-income earners at tax time. From the overlooked financial traps of divorce to surprising tax benefits of having a baby in December, this is your real-world guide to navigating tax strategy through life’s biggest moments. Here’s what they cov...