Claude (Caller)

Claude, a real estate investor with 26 paid-off rental properties, shares his shocking story of not filing federal taxes for a decade while earning $250,000 a year. He faces significant unpaid tax liabilities and cash-flow issues. Dave Ramsey advises Claude to hire a tax professional, report all income, and consider liquidating underperforming properties to improve his financial situation. They discuss the risks of tax evasion and the impact of neglecting bookkeeping, leading to a call for better property management and financial simplification.