Our guest today is Keith Schroeder who began working in the backwoods of Wisconsin on a family farm fixing silo unloaders- not the kind of job most of us had growing up! But his passionate distaste for that work led him to file tax returns on the side and that hustle led to Keith being able to retire at age 22 however he didn’t stay retired for long. His tax preparation business exploded into a full on accounting firm where at his busiest, he was serving over 2,000 clients. He started his own blog in 2016 called The Wealthy Accountant to inspire people to “live life well” and also help them not screw up their taxes. In this episode we’ll cover Keith’s thoughts on the best tax advantaged retirement accounts, whether your side business should really be a hobby, and some important considerations as you begin to get your 2019 tax forms together!
- Here’s the IRS Dirty Dozen, which is a list of the top tax scams you’re likely to encounter this tax season.
- A few places where you can file your taxes for free: Credit Karma Tax, Turbo Tax has a free option, and IRS Free File has options for you as well.
- And to learn more about Keith, check out his blog at the WealthyAccountant.com
During this episode we enjoyed an Alpha Abstraction Vol. 9 by Wild Leap which you can learn all about on Untappd! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money!
Best friends out!