Tax Planning and Tax Preparation: What's the Difference?

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