Pro Tax Planning Tips For Physicians

The $75 receipt rule states that you aren't required to keep a physical receipt for business expenses under $75, but you're still required to document them. Learn what the IRS actually requires and how to protect your deductions.

The SEP-IRA seems simple, but it can destroy your Backdoor Roth strategy. Learn why many physicians should choose a Solo 401(k) instead for better tax planning.

Cost segregation accelerates rental property depreciation and creates tax deductions for physicians. Here's how it works and when it fits your situation.

Pay your kids through your medical practice and shift income from your 40% tax bracket to their 0% rate, legally. Learn how to set reasonable wages, avoid IRS red flags, and unlock Roth IRA contributions that compound for decades.

A physician earning $400,000 through a single member LLC pays roughly $35,000 in self employment tax before a single dollar goes to income tax. That number catches most 1099 physicians off guard the first time they see it on a return.

Rent your home to your medical practice for up to 14 days tax-free and pocket $5,000-$15,000+ annually. Here's how to execute the Augusta Rule correctly without triggering an IRS audit.