10 Worst Tax Mistakes To Avoid

Taxes are not a fun topic. But do you know what is worse? Making tax mistakes. To ensure that you only pay more to Uncle Sam than necessary, this video will review 10 of the worst possible tax mistakes. Let's review them together so we can avoid these unfortunate outcomes and keep our hard-earned money where it belongs—with us.

Timecodes:

0:00 - Intro
0:18 - Not Contributing to 401k
1:42 - Roth 401k Timing
3:37 - Early Withdrawal 401k
5:03 - Delegating 100% of Tax Work To Accountants
6:22 - Not Keeping Good Financial Records
7:38 - Timing of Charity Giving
9:01 - Losing Money
10:09 - Getting A Big Mortgage
11:51 - Forming An LLC
12:29 - Having A Child
13:15 - Bonus Tax Mistake

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DISCLAIMER: I am not a financial adviser. These videos are for educational and entertainment purposes only. I am merely sharing my personal opinion. Please seek professional help when needed.