Sep 15, 2026 · 50 min · 15 segments
On this week's episode: most people assume tax deductions come from spending money you don't want to spend, and never ask what the tax code has already built in for anyone willing to take on real…
Kevin SchneiderHost
It's something that Mike and I believe in so passionately just because we personally put our money in this.
We recommend as many clients into it as possible, because we see, one, the tax benefits, two, the ROI, the diversification.
We're gonna get into all that, but before we get into the actual deal, we would just want to actually set the stage of what oil and gas taxation is, because that's the secret.
go there, can I just go back to one big fundamental? When I started in this career and I started hearing normal small business or high net worth individual tax planning, I'd say buy a new truck or buy some more equipment before the end of the year.
You should not let your tax tail wag your business or your financial planning or your life dog.
Yeah, you can go spend money and get tax deductions all the time, but here's where the secret sauce is.
This is why we say there's hidden money within the tax law, the tax code, because...
It's something that Mike and I believe in so passionately just because we personally put our money in this.
We recommend as many clients into it as possible, because we see, one, the tax benefits, two, the ROI, the diversification.
We're gonna get into all that, but before we get into the actual deal, we would just want to actually set the stage of what oil and gas taxation is, because that's the secret.
go there, can I just go back to one big fundamental? When I started in this career and I started hearing normal small business or high net worth individual tax planning, I'd say buy a new truck or buy some more equipment before the end of the year.
You should not let your tax tail wag your business or your financial planning or your life dog.
Yeah, you can go spend money and get tax deductions all the time, but here's where the secret sauce is.
This is why we say there's hidden money within the tax law, the tax code, because...
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