We’ve all come across tax savings strategies that seem too good to be true. Where should investors go from there?
Andrew Gradman, a tax attorney in Southern California, joins Michael to discuss why it’s important to cultivate a healthy sense of skepticism when dealing with tax professionals and tax strategies.
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Episode Highlights
- How investors should handle tax savings stratgies that seem too good to be true.
- A common misconception about tax attorneys and their “horde of loopholes.”
- Contrasting advice that medical doctors can give with advice that attorneys can give.
- Examples of tax topics that turned out to be too good to be true.
- The often adversarial role that tax advisors and attorneys often find themselves in, as both an advocate for their client and a part of the administrative state.
- How investors can get the most out of their tax professionals.
Episode Resources
- A Detailed Guide To Tax Opinion Standards [PDF]
- Malta’s Retirement Plans Too Good to Be True for US Taxpayers
- IRS Clarifies Step Up in Basis Rules for Grantor Trusts
Today’s Guest: Andrew Gradman
- Law Office of Andrew L. Gradman, APC – Official Website
- Law Office of Andrew L. Gradman on LinkedIn
- Andrew Gradman on LinkedIn
About The Tax Efficient Investor Podcast
On the Tax Efficient Investor podcast, we show you how to protect, grow, and transfer your wealth by implementing tax-advantaged investment strategies. Host Michael Johnston demystifies tax strategies that are favored by the most successful and sophisticated investors, including 1031 exchanges, IRA & 401k plans, HSA accounts, trusts, real estate, and more.
