In this podcast, Dave Denniston, CFA talks about a book he recently read up on, The IRS Problem Solver by Daniel Pilla.
He reveals 3 key lessons from the book which covers the following topics on taxes for doctors:
– Receiving a scary collection notice from the IRS and how physicians should reply if they receive one
– How to AVOID and deal with an onerous tax audit
– The burden of a tax debt of a current or former spouse
– Being in danger of having your property seized
Check it out and let Dave know what you think! Also, what book would you like Dave to check out next?
TRANSCRIPTION
(Note: I outsource transcription efforts, please forgive in advance any grammatical errors. I just simply don’t have time to review it all)
This is Dave Denniston, and welcome to the latest three-on-three mission finding finances in the month of June. Well, as you guys know, I love to talk about resources. And one of the best resources, is our books.
And so I recently picked back up this book, “The IRS Problem Solver, by Daniel Pilla. And in this book there’s some really awesome info. About how to deal with audits.
As we all know, the government, can be sooooo, god darn in-efficient. There has got to be better ways to deal with it? So, in this book, Mr. Pilla talked about correction of it.
On this page, it’s page 23, he talked about the exact process of having a challenge. There’s also a template. So he gives a template right here. So, you can do it yourself.
Now of course it’s called, “Action” here, contact me to do this and that. Other things that he has in here is, proving that you filed? So, second thing, huge thing in here is?
How to make sure you have filed your documents correctly, and how to prove it, If the IRS asks you? So, be sure to do that out of the book. And then the other big thing, was, how to, how does the IRS select for audit?
The part of the Turbo Tax is a cool idea. It helps to read about it, so you know what that is? That’s on page 127. About how they do it? So, those are three big things that I got from this book. It again, is by
Daniel Pilla, “The IRS Problem Solver.” Check it out, let me know what you think? As I always mention, I’m always looking for more resources. So, if you have a book you think was awesome!
Let me know, I’ll check it out and who knows? I might feature it on next Freedom Formula for physicians Podcast. Or here on the three-on-three video.
Thank you so much, look forward to talking to you. I’m Dave Denniston, if you have any questions about how to debt arrest, a cash reduction, make sure to check out my workbook – “The Tax Deduction Solution” or my other book – “The Freedom Formula for Physicians.” That you can pick-up at www.doctorfreedombook.com. Thank you so much for checking in, have a good one.
