Episode Summary: In this March 2025 "State of the Union" address, Due Diligence Project founder Alex Sonkin joins host Paul G McManus to discuss the growth and achievements of their tax professional community. They explore how their network of 847 independent CPA firms collaborates to vet tax strategies for ultra-high-net-worth clients, delivering significant tax savings while maintaining compliance. Key Topics Covered: Community Growth: How the DDP has built a nationwide network of experienc...

The Due Diligence Project™ Podcast

The Due Diligence Project™ Podcast

020: Tax Strategy Secrets: The Due Diligence Project's State of the Union 2025

MAR 22, 202538 MIN
The Due Diligence Project™ Podcast

020: Tax Strategy Secrets: The Due Diligence Project's State of the Union 2025

MAR 22, 202538 MIN

Description

Episode Summary: In this March 2025 "State of the Union" address, Due Diligence Project founder Alex Sonkin joins host Paul G McManus to discuss the growth and achievements of their tax professional community. They explore how their network of 847 independent CPA firms collaborates to vet tax strategies for ultra-high-net-worth clients, delivering significant tax savings while maintaining compliance.Key Topics Covered:Community Growth: How the DDP has built a nationwide network of experienced tax professionals who collectively review strategiesMember Success Stories: The financial gains reported by member CPAs, with some generating 7-figure additional feesInvestment Projects: Their involvement in film financing for movies featuring Sylvester Stallone and Mark WahlbergCharitable Impact: How tax savings have funded the Mitchell Thorpe Foundation, providing medical care for 200 families with sick childrenAI and Tax Planning: Why human expertise still outperforms artificial intelligence in complex tax strategy developmentTax System Perspectives: Their views on IRS practices and media representation of tax strategiesUpcoming Events: Preview of the Due Diligence Project Summit on May 7, 2025Featured Quotes: "For the last 30, 40 years, the computer geeks have ruled the world... The tax geeks are helping business owners eliminate costs, become more efficient, eliminate unnecessary tax, and then save that money to create more jobs." - Alex Sonkin"We're a community of accountants. These are risk-averse people. We are not here to break laws. We're here to stay within the black and white lines." - Alex SonkinResources Mentioned:The Due Diligence Project Summit: May 7, 2025 (9am PT/12pm ET)The Due Diligence Project Book: Featuring the "10 Pillars of Extraordinary Due Diligence"Website: www.duediligenceproject.comThis episode highlights the achievements of the Due Diligence Project community over the past year and provides insights into how their collective approach to tax strategy vetting continues to benefit wealthy clients and their communities.