As a high-earning physician, your income and assets make you a prime target for lawsuits, audits, and financial predators. In this episode of the Hidden Money Podcast, CPAs Mike Pine and Kevin Schneider reveal the steps doctors must take to shield their personal and professional assets from liability.

This episode explores:

• Why insurance is not enough to protect your wealth

• The role of LLCs, LPs, and trusts in creating legal separation

• How real estate investments can expose physicians to non-medical lawsuits

• Why doctors should never own assets in their own name

• How to title assets, shift ownership, and still retain control

• What your insurance agent might not tell you about coverage gaps

• The importance of a coordinated CPA + attorney strategy
  

This is more than financial planning—it’s legacy protection. Whether you're 5 years into practice or preparing for retirement, this episode is your roadmap to building a fortress around your wealth.

🎧 For more episodes or to schedule a consultation, visit https://www.revotaxpayer.com

#PhysicianAssetProtection #TrustStrategy #MedicalLiabilityRisk #WealthPreservation #RevoTax #HiddenMoneyPodcast #DoctorFinance

High-income physicians with multiple income streams can unlock massive tax savings—if they know how to leverage real estate correctly. In this episode of the Hidden Money Podcast, CPAs Mike Pine and Kevin Schneider explore the strategic use of both long-term and short-term real estate investments to reduce taxable income.

🎯 Key Topics Covered:

• Depreciation: Why it's the “magic deduction” for growing wealth

• Long-Term Rentals: How a stay-at-home spouse can qualify for real estate professional status (REP)

• Short-Term Rentals: How to use the material participation rules to bypass REP requirements

• Passive Income: How to offset surgery center K-1s and other medical investments

• Self-Rental Strategies: Using your practice’s building to generate deductible passive income

• Cash Flow Considerations, Market Risks & Tax Code Compliance
  

This episode is packed with real-world tax strategies that empower physicians to reduce their tax liability, build wealth, and reclaim their time.

👉 Whether you’re just starting your real estate portfolio or already own multiple properties, this episode will reshape how you think about tax strategy.

🎧 Listen to more at https://www.revotaxpayer.com

#PhysicianTaxStrategy #RealEstateTaxTips #ShortTermRentalTax #MedicalInvestments #RealEstateProfessionalStatus #RevoTax #HiddenMoneyPodcast

If you're a self-employed doctor, 1099 physician, or owner of a medical practice, this episode is for you. CPAs Mike Pine and Kevin Schneider dive deep into the world of physician tax planning—where high income, high liability, and complex business structures collide.

Discover how to structure your practice using an LLC or PA to limit liability and unlock tax benefits. Learn how S corp elections can help eliminate thousands in self-employment tax, and how to take full advantage of bonus depreciation for big-ticket medical equipment. They also discuss how employing your kids, avoiding co-mingled expenses, and working with the right bookkeeper can make or break your financial strategy.

🎯 What You’ll Learn:

• Entity formation basics (LLC vs PA vs S Corp)

• How S corp status reduces self-employment taxes

• What physicians can legally deduct

• How bonus depreciation can accelerate your equipment ROI

• Creative household income shifting strategies

• Common pitfalls like co-mingling and bad bookkeeping

Don’t leave money on the table. Whether you’re just starting your own practice or already navigating the complex world of private medicine, this episode equips you with real-world tax strategies that make a difference.

🎧 For more, visit https://www.revotaxpayer.com

#SelfEmployedDoctors #PhysicianFinance #1099DoctorTaxTips #SCorpForDoctors #MedicalPracticeTaxStrategy #RevoTax