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Ep. 149 | 4-Step Strategy Implementation Process
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In this episode of the Teaching Tax Flow podcast, hosts Chris Picciurro, CPA, and John Tripolsky break down the 4-Step Tax Planning Implementation Process — the same proprietary framework used in Chris’s CPA practice and within Teaching Tax Flow.
As the team approaches their milestone 150th episode, they spotlight the value of moving from tax ideas to tax results by following a clear, repeatable process: Diagnose, Prescribe, IQ (Suitability) Test, and Implement. Through real-world examples and engaging analogies, Chris and John show how this approach creates tailored, effective strategies that minimize lifetime tax liability — legally and ethically.
What You’ll Learn:
• The four steps of the proprietary tax planning process and how each works
• Why knowing your marginal tax rate is the #1 KPI for tax planning
• How to determine the right prescription for your unique tax needs
• Common pitfalls when implementing tax strategies without suitability checks
• Why execution matters more than simply collecting ideas
Key Insights:
The same structured process works for every case, but the results are always unique. By diagnosing the current tax position, prescribing the right strategies, testing them for suitability, and then implementing them, taxpayers can avoid wasted effort and ensure their plans fit their circumstances.
Notable Quotes:
• “The process is the same for every case, but the results are always unique.”
• “Just because there’s four steps in this process doesn’t mean it necessarily has to take a long time.”
• “Implementation is key. Make some things you could self-implement like a health savings account…”
• “Your marginal tax rate is your number one KPI for your tax planning.”
• “Ideas are cheap, you can find them on TikTok, Instagram, etc. Implementation is valuable.”
Resources:
Episode Sponsor:
Wealth Builders Mortgage Group
wealthbuildersmortgagegroup.com
- (00:00) - Introduction and Episode Overview
- (00:46) - Episode Sponsor: Wealth Builders Mortgage Group
- (01:45) - Introduction to Chris and the Episode Topic
- (03:03) - Four-Step Tax Strategy Process Overview
- (05:45) - Step 1: Diagnose Your Tax Situation
- (09:15) - Step 2: Prescribe Tax Strategies
- (10:48) - Step 3: Suitability and IQ Testing
- (13:06) - Step 4: Implement the Strategy
- (15:34) - Conclusion and Community Engagement
150 episodes
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