0:03
wants to come stress test this. He’s
0:04
he’s got this idea. He’s run with it.
0:07
He’s read the code. He’s he’s done a lot
0:09
of work on this. And I got to say, for
0:11
for a normie, he did a really good job,
0:13
meaning not a tax guy, right? And what
0:16
impressed me, first of all, was he was
0:18
willing. I mean, flying from Idaho down
0:20
to Puerto Rico is non-trivial.
0:22
It was 18 hours one way, 20 the other.
0:25
And and he was willing to come and spend
0:27
the time and pay me. And I’m not cheap.
0:29
I go to thousand an hour for now.
0:31
That’ll change. And so I was somewhat
0:33
impressed because I know he values his
0:35
time. He doesn’t play. He was willing to
0:38
pay. And when he came, we talked. I did
0:42
what I do. I’m very good at what I do. I
0:44
don’t mean that to sound unhumble. It’s
0:46
just it is true.
0:47
What he does.
0:48
And I was able to find both more
0:50
opportunities with the rule as well as a
0:53
few holes. And that’s been incorporated
0:56
into the app. And so,
0:58
so you’re saying even in our time
0:59
together, you discovered more nuance to
1:01
the August rule than you understood or
1:03
known.
1:03
Look, I wasn’t gonna not be ready for
1:05
you.
1:05
Yeah.
1:05
That was not going to happen, especially
1:07
when you were paying by the hour, which
1:08
he’s not. He was, but now he’s not. How
1:10
does he get away with that? Cuz that’s
1:12
true genius.
1:14
And it was me. He comes down and we’re
1:17
going through this and I’ve seen so many
1:20
people that don’t use the rule. And I
1:22
love this concept of this app that makes
1:25
it happen, but you still comply with the
1:27
law.
1:27
Yeah,
1:28
I love this. And I’ve seen it in other
1:30
contexts. I’ve seen other tax apps.
1:32
Yeah.
1:33
That, for example, when it comes to
1:34
figuring out what’s a reasonable salary
1:37
to pay an S corporation owner, which is
1:38
a hugely important issue, or how to do
1:41
small cost segregation studies. I’ve
1:43
seen some software and apps that change
1:45
the game that that make it attainable
1:48
for the normal person to go after big
1:50
boy tax deductions because
1:54
they can now comply.
1:55
Yeah.
1:56
So, I’m very friendly and open to the
1:58
idea of an app
2:01
making things doable.
2:03
Well, it creates a Montreal is what it
2:04
does. The app is not complicated. It’s
2:06
just that there’s so much research
2:08
that’s gone into it. And so, basically,
2:11
what what does a Montreal A Montreal
2:12
says, “You are here. You’re going here.
2:16
Door is closing now. Hold the rail.”
2:19
Like, it just tells you exactly where
2:20
you’re at and where you’re going, and
2:22
you don’t have a choice where
2:23
the monal is complicated, just not to
2:26
the rider.
2:27
Yes. Correct.
2:28
Because there are moving parts to this
2:29
app and we’ve spent some time. So, he
2:31
did a miracle. I This has never happened
2:33
before.
2:35
He I had a good number of hours at my
2:37
rate, a nice chunk of change, and
2:39
instead of taking the billable hours,
2:41
which is just hurts me to say that.
2:45
I I I said to him, I said, “I’d like to
2:47
be a I really believe in this. I want to
2:48
be a part of this.” He didn’t ask me. I
2:50
asked him, “I want to be a part of this
2:53
because I’ve seen this work with other
2:55
tax concepts, and I think it’s ripe with
2:59
the Augusta rule.