The Jeff Trapp Podcast

Hosted by Jeff Trapp

Business

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Episodes

140

Latest episode

Jun 2026

Language

EN-US

About the show

Jeff Trapp is a Tax Strategist who has created 3 different companies and helped entrepreneurs save millions of dollars on taxes through strategic tax planning. In this podcast, Jeff will share tax tips, his knowledge of business, and financial strategies.

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60 recent

June 10, 202611 min

Summer Tax Savings You'll Miss by December

Summer is when most business owners stop thinking about taxes.The weather is nice, vacations are booked, kids are out of school, and tax planning gets pushed to the back burner. But what many business owners don't realize is that some of the best tax-saving opportunities of the year happen during the summer months.In this episode, I share several overlooked tax strategies that business owners, entrepreneurs, and real estate investors should be considering right now, including hiring your kids, Roth IRA opportunities, business travel deductions, conferences and networking events, mileage tracking, and more.We also discuss why waiting until year-end to think about taxes can be one of the most expensive mistakes a business owner makes.If you're looking for ways to be proactive, reduce your tax burden, and take advantage of opportunities before they disappear, this episode is for you.The best tax planning doesn't happen at year-end. It happens long before year-end.

May 13, 20266 min

Your Tax Strategy Failed Before the Year Even Ended

Most business owners think their tax problem shows up in April.Here’s the reality. Your tax bill isn’t decided when you file. It’s the result of everything that happened in the 12 months before.In this episode, I break down why messy financials, poor systems, and lack of real data visibility are the real reasons business owners overpay the IRS every year.I walk through real examples, including a client who unknowingly paid taxes on over $200,000 that should have been deducted, and how we helped recover $74,000 by fixing the underlying data.We also get into the difference between bookkeeping, accounting, and tax strategy, and why most business owners are paying for one but expecting all three.If your numbers aren’t clean, your strategy doesn’t stand a chance.If you’re not confident in your financials or you’ve never had someone actually review your numbers from a strategy perspective, that’s where this starts.If you want a second set of eyes on your situation, you can book a consultation here:https://www.thetaxplanningpros.com/contact-us#BookAConsultation

April 15, 202610 min

The Missing Piece in your TikTok Tax Strategy

We had a client go from a $1 million tax bill to under $20,000.Same income. Different strategy.In this episode, I walk through what actually made that possible and why most people never access these kinds of outcomes. It’s not about finding one “secret” strategy. It’s about understanding timing, structure, and execution.I also break down the biggest mistake I see over and over again. People treat taxes like an event instead of a year-round process. That one mindset alone is costing people thousands, sometimes millions.We also talk about the explosion of tax advice on TikTok and AI, what’s useful, what’s misleading, and why strategy without proper implementation can backfire.

March 18, 202613 min

The Tax Code Secret High-Income W-2 Earners Miss

Most high-income earners believe the tax system is working against them.In this episode, I break down why that belief exists and what is actually happening behind the scenes. The tax code is not designed to punish success. It is designed to reward specific behaviors.We walk through what I call the W-2 tax trap and why many professionals feel stuck paying more as they earn more. Then we shift into how to think differently about taxes by aligning with the areas the government incentivizes, including business ownership, real estate, energy, and long-term planning.If you are earning strong income but not keeping as much as you should, this episode will help you start approaching taxes with a strategy instead of reacting to them.If this episode shifts how you think about taxes, share it with someone else who needs to hear it.And if you are ready to take a more proactive approach, you can book a consultation with our team here:https://www.thetaxplanningpros.com/contact-us#BookAConsultation

February 11, 202615 min

The Most Unusual Tax Season in Years—and How to Stay Ahead

This is not a normal tax season—and this is not a year for procrastination.In this episode of The Jeff Trapp Podcast, I break down why the current tax environment is unlike anything we’ve seen in years. Between IRS staffing shortages, processing delays, increased scrutiny, and lingering backlogs, the system isn’t broken; it’s overwhelmed. And when the IRS is overwhelmed, taxpayers who wait until the last minute often pay the price.I walk through the key deadlines you need to be aware of, why filing an extension doesn’t extend the time to pay, and how inflation, interest rates, and a massive federal deficit are shaping the government’s growing need for revenue.More importantly, I reframe how taxes should be viewed altogether. The tax code is an incentive-based system, and for high earners and business owners, there are legitimate ways to redirect tax dollars into government-incentivized investments, such as real estate, energy projects, and strategic business reinvestment—while staying fully compliant.Tax season isn’t just about filing a return. It’s about strategy, planning, and being intentional long before the deadline.If you’re earning $500,000 or more and want to stop reacting to tax season and start planning proactively, you can book a consultation with my team to review your situation and explore your options. We'll even share a copy of our tax playbook: https://www.thetaxplanningpros.com/contact-us#BookAConsultation

January 21, 20269 min

Time-Sensitive 2026 Tax Updates ((And Why They Matter Now)

Happy New Year and welcome to the first episode of 2026. I'm Jeff Trapp, and today we're diving into everything you need to know to start the year off strong. From estimated tax payments to key filing deadlines for S corporations, partnerships, C corps, and individuals, this episode covers the must-know dates and rules for Q1.We’ll also unpack major updates from the new tax law, including revised tax brackets, a higher standard deduction, and new limits for the child tax credit. I’ll break down what the IRS is doing with crypto reporting, how to handle the new 1099-DA form, and why W-2 refunds might look bigger this year.If you're a business owner, High-income W-2 earner, or just someone who wants to keep more of your money in 2026, this episode is for you. Let’s get you caught up and on track to make this your most financially strategic year yet.

December 17, 20256 min

Tax Moves You’ll Regret NOT Making Before 2026

In this episode, Jeff Trapp shares year-end tax strategies that business owners and high-income W-2 earners can still take advantage of before the clock strikes midnight on December 31st. From prepaying business expenses and deferring revenue to bonus depreciation on vehicles and charitable contributions, this episode walks through timely, actionable tactics that can still impact your 2025 return. Jeff also reflects on a record-breaking year—over $25 million saved in taxes for clients—and previews what’s ahead in 2026.If you’re looking to lower your tax bill legally, strategically, and without last-minute chaos, don’t miss this conversation.Subscribe, share, and get ready to close out 2025 with confidence.

November 19, 202516 min

The Listener Q&A That Could Upend Your Year-End Tax Plans

In this episode, Jeff Trapp answers the most common listener questions that could upend your year-end tax plans. From changes inside the Big Beautiful Bill to updated incentives like bonus depreciation, R&D credits, and SALT strategies, Jeff breaks down what’s new for 2025 and what you can still act on before December 31. He also explains the difference between investment risk and audit risk, why most accountants never bring proactive strategies to the table, and shares a real-world example of how high-income earners use compliant, vetted tax-advantaged investments to reduce their tax bills.If you're earning $500K to $25M or running a business and want to avoid overpaying the IRS, this listener-driven conversation gives you the clarity and timing you need to finish the year strong.Book a free call with our team at thetaxplanningpros.com/contact-us and stay connected with Jeff Trapp and The Tax Planning Pros on Instagram, Facebook, LinkedIn, and at thetaxplanningpros.com.Disclaimer: This content is for educational purposes only. Consult a licensed tax professional for advice specific to your situation.

October 29, 202510 min

Your Critical Window for 2025 Proactive Tax Planning

It’s that time of year — not the holidays, but tax planning season. In this episode, Jeff Trapp breaks down what the ongoing IRS shutdown means for taxpayers, from refund delays to suspended audits and limited online services. He also cuts through the noise to share real-world, last-minute strategies that individuals and business owners can still use before the end of the year to save significantly on taxes. You’ll hear what’s working now, why proactive planning always beats procrastination, and what to watch for as we head into Q4. Whether you’re a high-income W-2 earner or a business owner looking for smart deductions, this episode will give you practical insight to take action — before it’s too late.If you found today’s episode helpful and you’re curious how proactive tax planning could work in your situation, visit www.thetaxplanningpros.com. Our team is ready to help you make the most of this critical window of time.And if you haven’t already, be sure to follow the podcast, leave a review, and share it with someone who might benefit.Thanks for tuning in, and here’s to a profitable, tax-efficient fall holiday season.

September 24, 202511 min

6 Tax Loopholes to Use Before 2025 Ends

2025 is almost over, but there’s still time to legally cut your tax bill. In this episode, Jeff Trapp shares six powerful year-end strategies—from bonus depreciation and R&D credits to real estate, retirement, and income timing that can help you keep more of what you earn.If you’re an entrepreneur, investor, or high-income earner, these tips will help you discover how true tax planning can help you keep more of your money instead of sending it to the IRS.For more on how The Tax Planning Pros can help you proactively reduce your taxes, visit ⁠www.thetaxplanningpros.com⁠. And if you enjoy this episode, don’t forget to like, subscribe, and share the show with others who want to pay less tax.