WEALTH BECAUSE OF THE TAX RETURN with guest CPA, Lloyd Ippolito

Doctors, the main purpose of this podcast is to help you build wealth inside and outside of your practice so that you have consistent cash flow for generations to come.You don't want to miss opportunities to increase your financial knowledge and what a great way to do so, "on your time," by listening to these podcasts. Join us with guest CPA, Lloyd Ippolito as we discuss ways to save taxes and also through investing in real estate as a way to diversify and bring tax advantages along the way. If you are a physician that is a W-2 employee or a business owner with your own practice, Lloyd Ippolito, CPA, and Kevin Sullivan, AIF® discuss ways in which you both can invest and save taxes.Some questions from the podcast:1.  It's been said that the quickest way to wealth is to save money in taxes...... 2.    Lloyd,  In light of tax savings, talk about the doctor that is a W-2 Employee versus a doctor that is self-employed in their own practice......3.   Let’s talk real estate for a moment.....   We often hear the words “financial freedom” when people discuss investing in real estate.......  b.      If doctors would like to build wealth using real estate, what kind of tax advantages would that bring to the table?c.      Give me an example of how taxes could be reduced, how depreciation would work and potential appreciation in the property and how that plays out over time with real estate.4.      If doctors are working in an office building that they own, should they own the building in their own name, or in the same business name they run their practice out of, or should they have that building in a separate LLC?5.      What if a doctor has more than one real estate property.......?  Lloyd Ippolito, CPA - Master Tax Services LI, LLCTom Wheelwright, CPAWealthability SitePODCAST INFO Kevin R Sullivan, AIF® -   (Accredited Investment Fiduciary) Wealth Advisor at Warner Wealth, and the host of this podcast Website: www.WarnerWM.comEmail:  [email protected] questions?  Click here for a complimentary discussion or virtual meeting.Also check out our ONLINE COURSE called "WEALTH FOR LIFE" - Building Your Retirement Income Strategy!Securities offered through LPL Financial, Member FINRA/SIPC. Advisory services offered through Warner Wealth, a Registered Investment Advisory Firm.None of our guests are not sponsored by or affiliated with LPL Financial.  The opinions voiced in this podcast are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision.