Over the past 20 years or so, we’ve observed many doctors making common mistakes at all stages of their careers. We have taken our observations, as well as enlightening discussions with well-established professionals in wealth preservation spaces to bring you our Asset Protection Series: Interviews dedicated to bringing awareness to various risks that can affect your wealth. Anthony Williams and our guest of the week will discuss critical questions to consider and provide tips on how to work towards obtaining comprehensive asset protection. Be sure to check out our other informative interviews here.

This week we are excited to present our income tax planning strategies interview with our long-time colleague, Tony Pescatore, CPA!

Tony Pescatore specializes in income tax and business consulting for both individuals and small to medium-sized businesses. He also consults and leads his firm in the estate and trust tax planning arenas. He is a 1991 graduate of Purdue University with a B. S. degree in Accounting and a licensed CPA in both Arizona and Illinois. He serves as a member of the American Institute of Certified Public Accountants, the Arizona Society of CPAs, and the Illinois CPA Society. Tony has also served on the Finance Committees for various associations, non-profit groups, and on the board of Paradise Valley Country Club, holding the positions of Treasurer and President. Watch our Whiskey & Wealth Wednesday introducing Tony!

Our hope in providing these interviews is to continue our mission of helping doctors and their families grow their net worth tax-efficiently while minimizing exposure to litigation, loss of wealth, and detrimental career risks. Enjoy!

Income Tax Planning Interview Questions & Topics

1. What are some of the things, some of the mistakes that people are invariably making that you see every year that’s effectively costing them money?

2. What are some ways people are putting themselves in the spotlight of the IRS, unnecessarily?

3. What are some of the best practices to consider in regard to rental properties?

4. What should people know about gifting? Are there specific strategies?

   1. Tax Consequences of Giving Gifts to Employees
   2. Gifts to Charity – Know the Facts

5. From a tax perspective, what should people be mindful of with respect to estate planning?

   1. 5 Estate Planning Topics to Talk About with Your Family

6. Considering the CARES Act and small business loans, what are some COVID-19 tax tips you recommend?

   1. New PPP Loan Forgiveness Applications Released
   2. Additional PPP Forgiveness Guidance
   3. 5 Reasons to not Rush the PPP Forgiveness Application

Watch the full interview with Tony Pescatore

Contact Tony today to learn more about how proper tax planning can help preserve your wealth.

By Anthony C. Williams, CWS, ChFC, MRFC, CLU | Investment Advisor Representative | President & Founding Partner of Mosaic Financial Associates & Orthopaedist Advisory Group | Securities and advisory services offered through Cetera Advisors LLC, Member FINRA/SIPC, a broker/dealer and a Registered Investment Advisor.  Cetera is under separate ownership from any other named entity.