{"podcast":{"title":"Hidden Money Podcast","slug":"hidden-money-podcast-6320033","podcast_index_feed_id":6320033,"rss_url":"https://feeds.transistor.fm/hidden-money-podcast","website_url":"https://www.hiddenmoney.com","image_url":"https://img.transistorcdn.com/pfgqD0rdGVN59IUUoYT6knxyf8_lQ2e_BhJgHWFO_l0/rs:fill:0:0:1/w:1400/h:1400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9mMTJi/MjljMDYzOGNkYzM4/ODQ1MzkwYmE0YmYw/NjllNS5wbmc.jpg","author":"Mike Pine and Kevin Schneider","episode_count":122,"summary":"In the Hidden Money podcast, you'll learn how you can legally use the tax code to your financial advantage. There’s wealth inside the tax code. Taxes aren’t the enemy. Most people hate taxes (and pay more than they should). But when you view taxes only as an evil expense, you miss out on legal ways to grow your wealth. Unlock the secrets to saving tax and building wealth with the Hidden Money Podcast! 🎧💰 Hosted by Mike Pine and Kevin Schneider.","last_synced_at":"2026-09-09T04:24:24.781283+00:00","page_url":"https://stenobird.com/podcast/hidden-money-podcast-6320033"},"episode":{"title":"The IRS Doesn't Care about Fair","slug":"the-irs-doesn-t-care-about-fair","published_at":"2026-09-01T08:33:04+00:00","page_url":"https://stenobird.com/podcast/hidden-money-podcast-6320033/the-irs-doesn-t-care-about-fair","show_page_url":"https://stenobird.com/podcast/hidden-money-podcast-6320033","url":"https://share.transistor.fm/s/c9b8edd3","audio_url":"https://media.transistor.fm/c9b8edd3/b3cfbf20.mp3","summary":"On this week's episode: two people can have the exact same income and still land tens or hundreds of thousands of dollars apart at tax time — and the IRS will never tell you why. Four things we unpack this week: Two employees with identical stock option packages can land 31 points apart on their effective tax rate. One paid under 1%. The other paid over 32%. Same income, same year, same opportunity. Sell \"non-covered\" stock without documenting what you originally paid for it, and the IRS doesn't ask — it assumes your basis is zero and bills you as if the entire sale was pure profit. Fall behind on filing for a few years, and the IRS assumes you had zero deductions and a 100% profit margin on every dollar reported to them — even after 50 years of clean returns. An $80,000 vacation, taken past your tax-plan deadline, can quietly become a $600,000 line item once you count what the delay actually cost. Chapters [00:00] Introduction — Why two neighbors with the same income pay wildly different tax [00:01] The IRS default: guilty until you prove yourself innocent [00:04] Same income, same options, two Nvidia employees — one pays under 1%, one pays 32% [00:08] Why the IRS actually helped fund Mike and Kevin's own commercial property purchase [00:12] The $600,000 vacation — what it really costs to skip your tax plan [00:15] Covered vs. non-covered stock transactions — why the IRS assumes your basis is zero [00:17] The dementia case — five years of unfiled 1099s and the IRS's worst-case-by-default rule [00:20] Why the IRS \"works for us,\" and what that means when you push back [00:23] Take control: don't let the IRS write your story for you [00:24] Revo is hiring Get in touch: https://www.revotaxpayer.com/?utm_source=revo-taxpayer&utm_medium=podcast&utm_campaign=s4e26-th…","meta_description":"On this week's episode: two people can have the exact same income and still land tens or hundreds of thousands of dollars apart at tax time — and the IRS…","key_points":[],"chapters":[],"topics":[],"duration_seconds":1627,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/hidden-money-podcast-6320033/episodes/the-irs-doesn-t-care-about-fair/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/hidden-money-podcast-6320033/the-irs-doesn-t-care-about-fair.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}