The Dental CPA Show

Should Dentists Buy Their Practice Building?


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📝 Episode Summary In this episode of the Dental CPA Podcast, Kingsley Ifedi reveals how to turn your dental office building into a powerful retirement asset, explaining how tools like cost segregation and the grouping election can legally wipe out over $150,000 of taxable income in year one. You will learn why purchasing real estate inside your existing practice entity is a dangerous asset protection mistake and how using a separate Real Estate LLC shields your cash flow from lawsuits. Ultimately, Kingsley shares a five-point readiness checklist to help you safely transition from renting to owning without draining your business reserves.

🎁 Free Downloads

  • ⁠⁠⁠⁠⁠⁠⁠FREE - Tax Strategies eBook⁠⁠⁠⁠⁠⁠⁠


🛠️ Tools I Use & Recommend (includes my special discounts)

  • ⁠⁠⁠⁠⁠⁠⁠⁠ADP (Payroll)⁠⁠⁠⁠⁠⁠⁠⁠
  • ⁠⁠⁠⁠⁠⁠⁠⁠Gusto (Payroll)⁠⁠⁠⁠⁠⁠⁠⁠
  • ⁠⁠⁠⁠⁠⁠⁠⁠Quickbooks Online⁠⁠⁠⁠⁠⁠⁠⁠


🧰 Useful Resources

  • ⁠⁠⁠⁠⁠⁠⁠⁠Elect S-Corp (Fax IRS Form 2553)⁠⁠⁠⁠⁠⁠⁠⁠
  • ⁠⁠⁠⁠⁠⁠⁠⁠Get a Free EIN (IRS)⁠⁠⁠⁠⁠⁠⁠⁠
  • ⁠⁠⁠⁠⁠⁠⁠⁠Pay Federal Estimated Taxes (IRS)⁠⁠⁠⁠⁠⁠⁠⁠


⚠️ Disclaimer

This podcast is for educational purposes only and doesn’t create a CPA-client relationship. Tax outcomes depend on your facts, income, and state rules. Always consult your tax professional before implementing strategies.


#DentalCPA #DentalRealEstate #CostSegregation#DentalPracticeManagement #PracticeOwnership #TaxStrategyForDentists #CommercialRealEstateWealth

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The Dental CPA ShowBy Kingsley Ifedi, CPA