Revo, and our clients, thrive on partnership. Mike Pine and Kevin Schneider are back, this time to unpack what it actually means to be a tax planning partner instead of a vendor; including how they judge the partnerships they choose. Then Vodyssey Founder and CEO, Shawn Moore, joins to talk about Revo and Vodyssey's newly formalized partnership, what Vodyssey does for short-term rental investors, and how material participation actually works.Get In Touch → https://www.revotaxpayer.com/consultation?utm_source=revo-taxpayer&utm_medium=podcast&utm_campaign=s4e22-partnerships&utm_content=show-notesConnect With UsWebsite: https://www.revotaxpayer.com/Facebook: https://www.facebook.com/revotaxpayer/Instagram: https://www.instagram.com/revotaxpayer/LinkedIn: https://www.linkedin.com/company/revo-taxpayer-advocacyYouTube: https://www.youtube.com/@HiddenMoneyPodcastConnect with Shawn and VodysseyWebsite: https://vodyssey.com/Podcast: https://vodyssey.com/podcast/Book a Call: https://api.leadconnectorhq.com/widget/booking/4GzPFnMOAsW9ZCXDioZU?utm_source=vodcomChapters[00:00] Why Revo Calls Itself A Partner, Not A Vendor[00:04] Partnership Is A Two-Way Street[00:09] Profit For Clients, Profit For Partners — None For The IRS[00:11] Introducing Shawn Moore And The New Vodyssey Partnership[00:15] What Vodyssey Does: One Leg Of The Investment Stool[00:19] Vodyssey's White-Glove Service For Busy High Earners[00:21] How Material Participation Actually Works[00:25] The Sum Of Two Parts: What Makes A Partnership Work[00:26] How Shawn Moore Judges A Partnership[00:31] What Vodyssey Offers And How To Learn More

Kevin and Mike turn the mic on their own firm: the four values behind the Revo name, the staffing model built on excess capacity and a 50-hour ceiling, why half of revenue goes to the team, and the new Grapevine, Texas headquarters. If you’re a CPA who thinks outside the box, this episode is the job posting.Careers page: https://www.revotaxpayer.com/careers?utm_source=revo-taxpayer&utm_medium=podcast&utm_campaign=ep-s4e21-careers-at-revo&utm_content=show-notesConnect With Us• Website: https://www.revotaxpayer.com/?utm_source=revo-taxpayer&utm_medium=podcast&utm_campaign=ep-s4e21-careers-at-revo&utm_content=show-notes• Facebook: https://www.facebook.com/revotaxpayer/• Instagram: https://www.instagram.com/revotaxpayer/• LinkedIn: https://www.linkedin.com/company/revo-taxpayer-advocacy• YouTube: https://www.youtube.com/@HiddenMoneyPodcastChapters[00:00] Introduction[00:30] A revolutionary history[02:50] R is for Relationship[05:00] E is for Excellence[05:45] V is for Values[07:00] The hiring bar[08:15] O is for Out-of-the-box[10:30] The new Grapevine HQ[11:30] Why in-person to start[14:45] The staffing philosophy[16:45] The attrition trap[19:45] Excess capacity by design[21:15] Where the money goes[24:00] The mission[25:25] Family first[26:45] The insurance decision[28:30] Above-market pay, smaller-firm life[29:30] Who should apply[30:30] How to apply

Mike and Kevin sit down with Jake Jordan for a practical conversation about AI: what it actually is, how to use the tools you already own, and how to chain them into systems that work for you. Along the way they uncover the tax angle, R&D credits that help pay for AI adoption, and the cautions every taxpayer needs around accuracy and data security.Get in touch: https://www.revotaxpayer.com/?utm_source=revo-taxpayer&utm_medium=podcast&utm_campaign=ep-s4e20-tax-and-ai&utm_content=show-notes#contact-1Take our 5 minute tax assessment: https://www.revotaxpayer.com/?utm_source=revo-taxpayer&utm_medium=podcast&utm_campaign=ep-s4e20-tax-and-ai&utm_content=show-notes#taxassistantConnect With Jake• Website: https://lamplightcircle.com• Contact: [email protected] With Us• Website: https://www.revotaxpayer.com/?utm_source=revo-taxpayer&utm_medium=podcast&utm_campaign=ep-s4e20-tax-and-ai&utm_content=show-notes• Facebook: https://www.facebook.com/revotaxpayer/• Instagram: https://www.instagram.com/revotaxpayer/• LinkedIn: https://www.linkedin.com/company/revo-taxpayer-advocacy• YouTube: https://www.youtube.com/@HiddenMoneyPodcastChapters[00:00] Welcome + deadline reminders[01:00] The Irish farmer and the Industrial Revolution[04:00] What AI actually is[05:30] General intelligence, and the AI already inside your tools[07:00] Kevin's experiment: AI watched five years of presentations to find the most-asked questions[08:30] The "Kevin bot" idea: turning years of content into a client-facing assistant[09:30] Why AI gets things wrong[11:00] Google is AI-first now [13:00] Your inbox is an underused tax tool [14:30] From queries to systems[19:30] The caution [20:30] The hidden money[23:30] Jake's advice: "vibe coding" and why there's no excuse not to try something[24:30] AI and healthcare[25:30] Clients running tax returns through AI[27:30] Security[30:30] Wrap-up + how to connect with Jake Jordan

On this episode Mike and Kevin take a time machine back to their own early investing years and lay out, in specific dollar terms, everything they'd do differently, from the house Mike was too scared to buy to the oil and gas deal that turned out to be a Ponzi scheme. Along the way they break down fixed vs. variable debt, tax-advantaged real estate, and why the tax code rewards people willing to take a calculated risk.Get in touch: https://www.revotaxpayer.com/?utm_source=revo-taxpayer&utm_medium=podcast&utm_campaign=ep-s4e19-young-investor-self&utm_content=show-notes#contactTake our 5 minute tax assessment: https://www.revotaxpayer.com/?utm_source=revo-taxpayer&utm_medium=podcast&utm_campaign=ep-s4e19-young-investor-self&utm_content=show-notes#resourcesConnect With UsWebsite: https://www.revotaxpayer.com/Facebook: https://www.facebook.com/revotaxpayer/Instagram: https://www.instagram.com/revotaxpayer/LinkedIn: https://www.linkedin.com/company/revo-taxpayer-advocacyYouTube: https://www.youtube.com/@HiddenMoneyPodcastChapters[00:00] Introduction [00:02] Real estate regrets begin[00:05] Don't try to time the market [00:07] Kevin's first home and the first-time buyer credit [00:09] Buying a commercial property against their own tax practice[00:11] Debt is dessert[00:12] The 10X leverage example[00:13] Fixed vs. variable debt[00:15] The oil and gas investment that became a Ponzi scheme [00:17] Kevin's grandfather's investing rule[00:19] Why CPAs are bad at following their own advice [00:21] Tax-advantaged real estate vs. stock dividends[00:23] Maxing your 401(k) match[00:24] Don't be scared[00:27] The oil and gas tax math[00:28] Why the tax incentive exists[00:31] Closing thoughts

In this episode Mike and Kevin walk through one of the most misunderstood lines in the tax code: business travel. Using real trips from their own year, a due diligence seminar in Cancún, a partner retreat in Colorado, and a scouting trip for a short-term rental in Maine, they break down exactly what makes travel ordinary and necessary, where the line is between managing a business and merely dreaming about one, and how much of your next trip the IRS actually ends up paying for.Get in touch → https://www.revotaxpayer.com/consultation?utm_medium=podcastConnect With UsWebsite: https://www.revotaxpayer.com/Facebook: https://www.facebook.com/revotaxpayer/Instagram: https://www.instagram.com/revotaxpayer/LinkedIn: https://www.linkedin.com/company/revo-taxpayer-advocacyYouTube: https://www.youtube.com/@HiddenMoneyPodcastChapters[00:00] Introduction[00:01] The Cancún trip[00:04] The partner retreat[00:07] Managing rental property[00:08] Expanding a short-term rental business[00:09] The line that matters[00:10] Where the IRS looks hardest[00:12] How much the IRS actually "pays" for your trip[00:13] Vehicles count too[00:14] Legal, legitimate, and a form of good stewardship

Most people hand their CPA a stack of documents once a year and call it done. But there are actually two separate conversations that should be happening, and most high earners are only having one of them.In this episode of the Hidden Money Podcast, Mike Pine and Kevin Schneider use an Elon Musk clip as a jumping-off point to break down the real difference between tax preparation (filing what already happened) and tax planning (strategic decisions made before the tax event). Whether you're a business owner, a W-2 exec, or someone who's always assumed their big tax bill was just the price of success: this one's for you.Get in touch → https://www.revotaxpayer.com/consultation?utm_medium=podcastConnect With UsWebsite: https://www.revotaxpayer.com/Facebook: https://www.facebook.com/revotaxpayer/Instagram: https://www.instagram.com/revotaxpayer/LinkedIn: https://www.linkedin.com/company/revo-taxpayer-advocacyYouTube: https://www.youtube.com/@HiddenMoneyPodcastChapters[00:00] Introduction[01:01] The Elon Musk Clip[04:03] Tax Shelters vs. the Tax Code[08:34] Planning vs. Preparation Defined[11:00] The 90% Problem[13:00] ROBS[14:30] The Power of Compounding[15:33] Start Early[18:00] Catching Up[20:45] Next Steps

Most people assume a tax refund means their CPA did a good job. Mike and Kevin are here to tell you otherwise.In this episode, they break down the real difference between a tax refund and genuine tax savings... and why getting money back in April might actually be a sign you’ve been overpaying all year. They walk through the safe harbor strategy, share a real client example of $700K in income with a $10K tax bill, and make the case that the same tax code the ultra-wealthy use is available to anyone with the right strategist in their corner.Don't overpay! Let us help you plan and save instead → https://www.revotaxpayer.com/consultation?utm_source=revo-taxpayer&utm_medium=podcast&utm_campaign=s4e16-tax-savings-not-refund&utm_content=announcementConnect With UsWebsite: https://www.revotaxpayer.com/Instagram: https://www.instagram.com/revotaxpayer/LinkedIn: https://www.linkedin.com/company/revo-taxpayer-advocacyYouTube: https://www.youtube.com/@HiddenMoneyPodcastChapters[00:00] Introduction — Is Your Tax Refund Actually a Bad Sign?[00:36] The Interest-Free Loan — What a Refund Actually Means[01:32] Trump’s Tax Returns and Why They’re Not Controversial[04:48] Teaching the Government to Budget (Like Kevin’s Daughters)[07:19] Getting Back to the Point: Refund ≠ Good Tax Planning[09:09] Safe Harbor Explained — The Smart Way to Handle Estimates[11:32] The Money Market Hack That Paid an Entire Salary[12:36] The Sales Call Moment: “$186,000 Left on the Table”[14:04] You Don’t Need to Know the Tax Code — You Need Someone Who Does[15:40] The Elon Musk Thought Experiment[17:47] Closing and CTA

Most people think tax savings are reserved for the ultra-wealthy. In this episode, Mike Pine and Kevin Schneider pull back the curtain on their biggest client wins from this filing season: real numbers, real strategies, and a clear picture of what proactive tax planning can do for high earners who are willing to be proactive and start before December.If you want to save, like the taxpayers we mentioned in this episode, reach out today! 🔗 https://www.revotaxpayer.com/consultation?utm_source=revo-taxpayer&utm_medium=linkedin&utm_campaign=s4e15-big-wins&utm_content=show-notesConnect With UsWebsite: https://www.revotaxpayer.com/Facebook: https://www.facebook.com/revotaxpayer/Instagram: https://www.instagram.com/revotaxpayer/LinkedIn: https://www.linkedin.com/company/revo-taxpayer-advocacyYouTube: https://www.youtube.com/@HiddenMoneyPodcastChapters[00:00:00] Introduction — What is proactive tax planning, and why does it matter more than tax preparation?[00:01:23] Big Wins by the Numbers — Mike reads through the top-15 client savings list from this season, with the lowest win coming in at over $100,000.[00:06:51] Why You Need a Tax Strategist, Not a Tax Preparer — The difference between an IRS traffic cop and a true tax advocate, and why most CPAs never reach out until January.[00:11:36] Section 1202: The $700K Win — How one HVAC business owner discovered he could sell his company completely tax-free — after he'd already assumed he owed $700,000.[00:14:11] Opportunity Zones & Rural Opportunity Zones — A tech worker sitting on a major stock gain finds a legal path to shelter and eventually eliminate that gain by investing in Broken Bow, Oklahoma.[00:19:20] Step-Up in Basis & Estate Planning — Two cases where inherited assets carried far less tax liability than clients expected — once someone actually looked.[00:23:25] The Alternate Valuation Date Case — A CPA's missed estate filing cost a client dearly, and how catching it after the fact still saved the day.[00:24:59] The Bottom Line — Six months left in the year. Why now is the time to act, and what to look for in a tax advocate.

In the latest episode of the Hidden Money Podcast, Mike and Kevin walk through one of the most creatively structured deals of Mike's twenty-six-year tax career: a golf course acquisition where purchase price allocation under IRC 1060 produced extraordinary depreciation for investors, multiple investor classes were structured to accommodate different investor needs, and a neighboring hotel and marina were contributed into the deal tax-free under IRC 721.If you're a syndicator or real estate investor wondering how to stand out in a tough market, this is definitely required listening.Connect With UsWebsite: https://www.revotaxpayer.com/Facebook: https://www.facebook.com/revotaxpayer/Instagram: https://www.instagram.com/revotaxpayer/LinkedIn: https://www.linkedin.com/company/revo-taxpayer-advocacyYouTube: https://www.youtube.com/@HiddenMoneyPodcastChapters[00:00] Introduction — Mike previews the golf course deal and why he's never been more excited about a client project[00:47] Setting the stage — Kevin and Mike describe how the initial call came in before the offer was submitted[01:25] The client — Josh, a syndicator at Accountable Equity who builds high-end resort destinations[02:24] The key lesson — Why calling your CPA before you make an offer is worth millions[03:11] The golf courses — Two high-end courses being purchased together[05:26] IRC 1060 and the PPA opportunity — How Mike realized this was a purchase price allocation deal, not just a cost seg[07:50] What's really under the grass — Drainage systems, bunker retaining infrastructure, composite greens sub-bases[10:00] The numbers — Why the allocation exceeded the 30% investors were originally expecting[11:30] Negotiating with the seller — The seller's tax director, the recapture question, and why it worked[13:00] Investor classes — Designing different return structures for different investor needs[16:30] The hotel and marina — Josh's resort plan and the financing challenge[17:30] IRC 721 contribution — How the hotel and marina owners joined the deal tax-free[19:00] Career highlight — Mike calls this a top-five moment in his twenty-six-year career[19:57] Wrap-up and CTA for syndicators

If you're a business owner, or a W-2 employee with a side hustle, the tax code has more working for you than you've been told. In this episode of the Hidden Money Podcast, Mike Pine and Kevin Schneider walk through the real mechanics of turning what you already do into legal, proactive tax strategy. From fishing boats and Cybertrucks to paying your kids and funding their Roth IRAs, this is a masterclass for anyone serious about keeping more of what they earn.Whether you're a full-time business owner, an Airbnb host, a hobbyist who charges people for what you love, or a W-2 earner with money sitting in a checking account: this episode shows you exactly how to put the tax code to work.What You'll LearnWhy you probably already have a business and don't know it, like a hobby or side-hustle, and how it could unlock hundreds of deductionsHow bonus depreciation on vehicles over 6,000 lbs can generate massive first-year write-offsThe 7-part material participation test (and why you only need to pass one)How to pay your children through your business, legally and tax-freeHow to fund your kids' Roth IRAs using wages your business deductsThe hobby loss rule and how to protect yourself from an IRS auditReal client stories: an engineer with a woodworking hobby-turned-business and paid zero taxes for two years, a Turo operator who turned $32,000 into a $140,000 tax benefit; while both worked full-time W-2 jobsConnect With UsWebsite: https://www.revotaxpayer.com/Facebook: https://www.facebook.com/revotaxpayer/Instagram: https://www.instagram.com/revotaxpayer/LinkedIn: https://www.linkedin.com/company/revo-taxpayer-advocacyYouTube: https://www.youtube.com/@HiddenMoneyPodcastChapters[00:00] — Welcome & Episode Intro: Reducing Taxes as a Business Owner[00:41] — You Don't Need a Full-Time Business — Side Hustles Count[01:40] — What Makes an Expense "Ordinary and Necessary"[02:56] — Case Study: The Woodworking Engineer Who Paid Zero Taxes for Two Years[05:33] — Airbnbs, DoorDash, and Turning Everyday Activities Into Deductions[06:29] — The Cybertruck Turo Story: $32K In, $140K Tax Benefit[13:45] — Material Participation Explained (The 7-Part Test, Simplified)[15:02] — Paying Your Kids Through Your Business — The Right Way[18:52] — Hobby Loss Rules: How to Keep Your Side Business IRS-Protected[20:47] — Mike's College Tax Audit — and What He Learned From Winning It