Capital Hacking E347: The IRS paved the Yellow Brick Road to Hidden Money with Mike Pine CPA
In this episode of Capital Hacking, we had the privilege of hosting Mike Pine, a tax strategist with a unique perspective on the tax code. Mike shared valuable insights on how the tax code can be leveraged as a tool for building wealth, rather than being seen as a burden. He emphasized the importance of understanding the incentives and opportunities within the tax code to maximize financial growth.
Mike's passion for tax strategy and his ability to think outside the box set him apart from traditional CPAs. He highlighted the difference between tax preparers and tax strategists, emphasizing the need for a big-picture view when approaching tax planning.
Ultimate Show Notes:
00:02:45 - Introduction of Mike Pine and discussion about upcoming event
00:03:12 - Mike Pine's background and early career
00:08:35 - Discussion on bonus depreciation and its impact
00:12:27 - Explanation of bonus depreciation and its benefits
00:18:13 - Introduction to cost segregation and its importance
00:21:50 - Discussion about upcoming event and debate between Mike Pine and Matt Sorenson
00:25:19 - Comparison between tax preparers and tax strategists
00:29:06 - Recommended resources for tax strategies
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