Joe Anderson
ABOUT Joseph

As President of Pure Financial Advisors, Joe Anderson has led the company to achieve over $2 billion in assets under management and has grown their client base to over 2,160 in just ten years of the firm opening. When Joe began working with Pure Financial in 2008, they had almost no clients, negative revenue and no [...]

Alan Clopine

Alan Clopine is the CEO & CFO of Pure Financial Advisors. As CEO he currently leads Pure Financial Advisors along with our executive team. As CFO he is responsible for the financial operations of the company. Alan joined the firm about one year after it was established. At that time the company had less than [...]

Published On
October 1, 2016

Hosts discuss the latest statistics on who’s most likely to get audited, how often it happens, and what to do if it happens to you.

0:56 “I’ve got the latest stats on how often we’re being audited. Who’s more likely to get audited? I’ll take it one step further – what do you do if you get audited?”

9:44 “There’s such a lack of planning, and that’s why we do the show.”

13:30 “The oldest baby boomers are turning 70 ½; those who were born in the first half of 1946. When they turn 70 ½ that triggers a required minimum distribution (RMD)

17:42 “The truth is, our tax rates now are lower than most times in our history…”

22:28 “A sole proprietorship goes on your tax return on what’s called schedule C. You show your income, you show your deductions, and whatever the profit is – that’s what you pay income taxes and self-employment taxes on.”

26:22 “In general, corporations have a lesser chance of being audited than individuals.”
34:02 “If you have to go to an audit office, here’s what you do…”