Physician Series Part 1: Tax Strategies for Self-Employed Doctors & 1099 Physicians cover art

Physician Series Part 1: Tax Strategies for Self-Employed Doctors & 1099 Physicians

Physician Series Part 1: Tax Strategies for Self-Employed Doctors & 1099 Physicians

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If you're a self-employed doctor, 1099 physician, or owner of a medical practice, this episode is for you. CPAs Mike Pine and Kevin Schneider dive deep into the world of physician tax planning—where high income, high liability, and complex business structures collide.

Discover how to structure your practice using an LLC or PA to limit liability and unlock tax benefits. Learn how S corp elections can help eliminate thousands in self-employment tax, and how to take full advantage of bonus depreciation for big-ticket medical equipment. They also discuss how employing your kids, avoiding co-mingled expenses, and working with the right bookkeeper can make or break your financial strategy.

🎯 What You’ll Learn:

  • Entity formation basics (LLC vs PA vs S Corp)

  • How S corp status reduces self-employment taxes

  • What physicians can legally deduct

  • How bonus depreciation can accelerate your equipment ROI

  • Creative household income shifting strategies

  • Common pitfalls like co-mingling and bad bookkeeping

Don’t leave money on the table. Whether you’re just starting your own practice or already navigating the complex world of private medicine, this episode equips you with real-world tax strategies that make a difference.

🎧 For more, visit https://www.revotaxpayer.com

#SelfEmployedDoctors #PhysicianFinance #1099DoctorTaxTips #SCorpForDoctors #MedicalPracticeTaxStrategy #RevoTax

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