Tax Secrets Every Doctor Should Know

Stimulus - Learn Tools to Crush It in Your Medical Career

Rob Orman, MD, Rob Orman, and MD द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री Rob Orman, MD, Rob Orman, and MD या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal।

2M ago 54:37

MP3•एपिसोड होम

Navigating the complexities of taxes can be daunting, especially for medical professionals with unique financial situations. From maximizing retirement contributions to understanding the benefits of Health Savings Accounts (HSAs), strategic tax planning is essential. In this episode, we explore various tax strategies that physicians can leverage to optimize their financial outcomes. Finally, we delve into practical tips for managing multiple income streams and setting up your business on the right side of the IRS.

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Guest Bio: Alexis E. Gallati is the founder and Lead Tax Strategist at Cerebral Tax Advisors, Cerebral Wealth Academy, and the author of the book Advanced Tax Planning for Medical Professionals. She has over 20 years of experience in high-level strategic tax planning and multi-state tax preparation and has trained at the highest level, holding two master’s degrees. Alexis grew up in a family of physicians and is married to a private practice physician. That’s why she understands how hard medical professionals work to get where they are and why she provides simple and accessible tax solutions tailored to busy physicians.

We Discuss:

Maximizing Retirement Contributions
Understanding 403b and 457b Plans
Why Health Savings Accounts (HSAs) are Tax Advantageous Compared with Flexible Spending Accounts (FSAs)
Immediate vs. Deferred Medical Expense Payments
How to Make Smart HSA Choices
TurboTax: When to DIY and When to Go Pro
A Primer on LLCs and S-Corps for Physicians
Balancing Multiple Income Streams
The Benefits of 1099 Income
Retirement Plans for 1099 Income
SEP IRA vs. Backdoor Roth
Renting Your House to Your Business
Can I Write Off My Vacation?
Starting a Business on the Right Side of the IRS

Mentioned in this episode:

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