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

Are tax refunds “free money”? Should W-2 earners just accept high tax bills? And is the IRS really your enemy?

In this myth-busting episode, Kevin and Mike tackle 7 of the most common, and most damaging, misconceptions about taxes. From misunderstood red flags to overpaying "just to stay safe," they reveal how these myths are quietly costing you money.

Discover how to turn the tax code into your greatest wealth-building ally, why strategy matters even if you’re a W-2 employee, and how state tax rules may be hurting your bottom line.

🎧 Tune in to reclaim your financial power.
💼 Learn more at revotaxpayer.com
📌 Follow and subscribe to stay ahead of tax changes.

Ever heard the term "IRS red flag" and panicked? You're not alone. In this episode of Hidden Money, Mike and Kevin break down the most common IRS red flags, what they actually mean, and how to approach them strategically.

You'll learn:

• What qualifies as an IRS red flag

• How smart tax planning can raise flags and still be legal

• Which red flags are worth defending and which you should avoid

• Real-world examples of deductions, losses, and business claims

• Why documentation is everything when you're audited

This episode is a must-listen for:

• Small business owners

• Self-employed professionals

• Freelancers and 1099 earners

  Anyone wanting to reduce audit risk without leaving money on the table

• Tune in, take notes, and start thinking about your taxes like a strategist.

• Want help with your taxes? Visit us at revotaxpayer.com

Are you self-employed or running a small business? You could be paying way more tax than you need to. In this episode of The Hidden Money Podcast, Mike and Kevin break down S Corporation tax strategy secrets, including how S Corps can dramatically reduce your self-employment tax, what “reasonable compensation” really means (hint: it’s NOT a fixed percentage), and why setting up an S Corp the right way could save you thousands.

Discover:
✅ The #1 question to ask before you form an S Corp
✅ How to legally reduce Medicare and Social Security taxes
✅ Common mistakes that trigger IRS audits (and how to avoid them)
✅ How S Corps impact your QBI deduction
✅ Why you should never put real estate in an S Corp

Take action: If you’re serious about keeping more of what you earn, subscribe and share this episode with other business owners who need smart tax strategies.

Subscribe for more tax-saving insights every week!

This week on Hidden Money, we unpack the massive “One Big, Beautiful Bill,” signed into law by President Trump on July 4th, 2025. From permanent 100% bonus depreciation to increased deductions for tip income and overtime pay, this sweeping legislation reshapes the tax landscape for business owners, investors, and families alike.

🎙️ In this episode, you’ll learn:

• Which deductions are now permanent—and how to leverage them

• How the new SALT cap and expanded child tax credit impact you

• What the renewed Opportunity Zones mean for your investments

• Details on “Trump Accounts” to help your kids save for education and retirement

• Strategies to reduce your tax bill and build wealth under the new law

This is a must-listen for anyone who wants to stay ahead of the biggest tax changes in decades.

👉 Explore more resources or connect with a tax strategist:
hiddenmoney.com
revotaxpayer.com

Follow Hidden Money for weekly episodes that help you keep more of what you earn.

Giving back has never been smarter. In this episode of The Hidden Money Podcast, discover how strategic charitable giving can unlock major tax breaks while fueling the causes you believe in. From advanced strategies like bunching and donor-advised funds to practical tips for avoiding IRS scrutiny, Mike and Kevin walk you step by step through everything you need to know to make every dollar count. In this episode, Mike and Kevin break down essential charitable tax strategies, including:

• Cash donation rules and documentation

• Property and stock donation deductions

• Bunching contributions to maximize deductions

• Donor-advised funds for high-income years

• Charitable trusts that give you more control

⏱️ Timestamps:

0:00 – Introduction: Giving and Tax Savings

1:00 – What Counts as Charitable Giving?

4:00 – Cash Donation Requirements

8:00 – Donating Property & Valuation Rules

14:00 – Donating Appreciated Stocks

19:00 – RMDs and Qualified Charitable Distributions

22:00 – Donor-Advised Funds Explained

24:30 – Charitable Trusts Overview

26:00 – Final Thoughts

Whether you’re a high earner or just getting started, these insights can help you keep more of what you’ve worked for and make a bigger impact.

Subscribe for weekly episodes on tax planning and financial freedom. And check out Revo Taxpayer Advocacy for tax strategy services.