Latest / The Millionaire Dentist™
The Tax Basis Trap: What Dentists Don’t Know Could Cost Them
IIn this lively episode, Casey and Jarrod team up with CPA and BBQ-powered tax wizard Kevin Rhoton to demystify one of the most confusing parts of dentistry finances: tax basis. From Mountain Dew emergencies to real-world examples, they break down what basis actually is, why it matters, and how easily practice owners can get themselves upside-down without even realizing it. You’ll hear how poor planning, big equipment purchases, and outdated entity structures can quietly wreck your tax situation—all while you think you’re doing everything right. With humor, clarity, and just the right amount…
The skinny
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