Stop Tipping the IRS: How to Avoid Overpaying and Keep More of Your Money

Mitlin Money Mindset

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That tax refund you’re celebrating? It might not be the win you think it is.

In this episode, CPA Steven Jarvis breaks down common tax misconceptions and steps you can take to avoid overpaying the IRS. He shares tax planning strategies and tips to make smarter decisions all year long, from how withdrawals can impact your tax bill to where the true amount you’re paying in taxes each year can be found. Plus, find out why free tax software might be costing you more than it saves and how recent legislation is changing the rules around inherited money.

Tune in to learn how a little strategy can save you a lot of stress and money come tax time!

Topics discussed:

The biggest tax misconception
How to plan for taxes year-round
How withdrawals impact your taxes
Long-term tax planning and retirement
Traditional vs. Roth IRAs and their impact on taxes
Working with tax and money professionals
How the SECURE Act has impacted inherited IRAs
The pitfalls of using free tax software
The most common tax mistakes

Resources:

Mitlin Financial: https://www.mitlinfinancial.com/
The JOY and Productivity Journal by Lawrence Sprung: https://www.amazon.com/JOY-Productivity-Journal-brought-mindset/dp/B0CYQFYW54/
Download Your Free Copy of the Couple’s JOYful Money Guide: https://mitlin.us/CouplesJOY

Connect with Larry Sprung:

Connect with Steven Jarvis:

About our Guest:

Steven Jarvis, CPA is the CEO and Head CPA at Retirement Tax Services, a tax firm focused on working with financial advisors to change the world one tax return at a time. In this role Jarvis spends his time working with real financial advisors and taxpayers to help find opportunities to not tip the IRS. Afterall, there are no patriotic awards for overpaying taxes. With over 10 years of experience (and counting) as a CPA, Jarvis has the hands-on experience to create actionable content for his audience. He has been featured in industry publications including Advisor Perspectives and regularly produces content for financial advisors through the Retirement Tax Services website and the Retirement Tax Services Podcast. His experience covers written content, public speaking at leading industry conferences and 3 years as an adjunct professor in the graduate business school at Whitworth University.

Disclosure:

Guests on the Mitlin Money Mindset are not affiliated with CWM, LLC, and opinions expressed herein may not be representative of CWM, LLC. CWM, LLC is not responsible for the guest's content linked on this site.

This episode was produced by Podcast Boutique https://www.podcastboutique.com

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