Episode 129

How to Catch Expensive Tax Errors Before the IRS Does

March 17, 202637m 48s

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Show Notes

In this episode, Dr. Steve Vargo sits down with financial planner and repeat guest Adam Cmejla for a timely conversation about taxes, costly filing mistakes, and why practice owners need more than just a CPA who “gets it done.”

Steve and Adam unpack a real-world example that started with a social media post: a doctor’s tax return included an $83,000 qualified business income deduction they likely didn’t qualify for—an error that could have created more than $30,000 in back taxes, plus penalties and interest. From there, the conversation expands into the broader issues practice owners need to understand during tax season: the difference between tax preparation and tax planning, why a second set of eyes matters, and how seemingly small errors can turn into expensive problems years later.

This conversation isn’t about fear. It’s about clarity. It’s about helping doctors understand their numbers, ask better questions, and take a more intentional approach to taxes as part of a complete financial plan.