Money Moves for CRNAs

If you’re a 1099 CRNA, you’ve probably heard mixed opinions about LLCs.In this episode of Money Moves for CRNAs, Randy Larkin, CPA, explains what an LLC is actually designed to do — and what it’s not designed to do. You’ll learn how LLCs create separation between you and your CRNA business, why structure matters as income grows, and how accounting infrastructure supports real protection.This episode is part of The CRNA Business Basics Series and helps clear up confusion around LLC protection, liability, and business structure for 1099 CRNAs.You’ll learn:What an LLC really does in plain EnglishWhat an LLC does NOT protect you fromWhy separation and containment matterHow accounting systems support protection🎧 Educational purposes only. Not personalized tax or financial advice.Chapters:00:00 – Introduction01:20 – What an LLC Is (Plain English)02:00 – What an LLC Actually Does?02:57 – What an LLC Does NOT Do03:30 – Why LLC Often Fail to Deliver What CRNAs Expect04:08 – Where Accounting Infrastructure Fits In04:48 – Why This Matters Day to Day05:13 – What’s Coming NextMusic licensed from PremiumBeat.com under License #7394047

If you’re a 1099 CRNA, protection isn’t about fear — it’s about preparation.In this episode of Money Moves for CRNAs, Randy Larkin, CPA, explains how smart business structure protects CRNAs as income grows. You’ll learn the difference between insurance and structure, why risk increases with higher 1099 income, and how professional preparation keeps business issues from becoming personal ones.This episode builds on our conversations about CRNA business risk and LLC structure, and helps you understand how protection really works — calmly and intentionally.You’ll learn:Why preparation isn’t panicHow income growth changes exposureThe difference between insurance and structureWhy professional CRNAs rely on systems, not luck🎧 Educational purposes only. Not personalized tax or financial advice.Chapters:00:00 – Introduction00:58 – Panic vs. Preparation for 1099 CRNAs01:11 – Why Protection Feels Uncomfortable01:36 – What Preparation Actually Means02:03 – How Income Growth Increases Exposure02:33 – Insurance vs. Structure Explained02:56 – What Protection Is Really For03:17 – Professionalism, Not Panic03:37 – Why LLCs Matter (Next Episode Preview)Music licensed from PremiumBeat.com under License #7394047

If you’re a 1099 CRNA, risk doesn’t only come from clinical work.In this episode of Money Moves for CRNAs, Randy Larkin, CPA, explains the hidden business risks CRNAs face when working as independent contractors — risks that malpractice insurance alone does not cover.This episode continues The CRNA Business Basics Series, building on why 1099 CRNAs are businesses and how structure affects taxes and protection.You’ll learn:Why malpractice is only one type of riskWhat business risk really looks like for CRNAsHow lack of structure increases exposureWhy preparation is about boundaries, not fearThis episode is for CRNAs who want clarity, not scare tactics.🎧 Educational purposes only. Not personalized tax or financial advice.Chapters:00:00 – Introduction01:10 – The Type of Risk Most CRNAs Think About01:45 – What Business Risk Really Looks Like02:22 – How Structure Changes Exposure02:48 – Insurance vs. Business Structure03:24 – Preparation vs. Panic03:51 – Why Most CRNAs Have a Structure Problem04:10 – What’s Coming Next in the SeriesMusic licensed from PremiumBeat.com under License #7394047

If you’re a 1099 CRNA, your income is growing — but so are your taxes.In this episode of Money Moves for CRNAs, Randy Larkin, CPA, explains LLC tax flexibility in simple terms and why it matters so much for CRNAs working as independent contractors.This episode builds on the last conversation where we explained why 1099 CRNAs are businesses — not just providers. Now, we take the next step and explain how your LLC gives you tax options that W-2 employees don’t have.You’ll learn:How LLCs are taxed by default for 1099 CRNAsWhy self-employment tax hits CRNAs so hardWhen an S corporation election starts to make senseWhy LLC tax flexibility matters more as income growsCommon tax mistakes CRNAs make when they don’t plan aheadThis episode is for CRNAs who:Feel anxious about taxes and quarterly paymentsAre making good money but feel unsure about structureWant clarity without tax jargon or sales pressure🎧 This podcast is for educational purposes only and is not personalized tax or financial advice.Chapters:00:32 - Why This Episode Matters for 1099 CRNAs01:37 - What “LLC Tax Flexibility” Really Means02:11 - How the IRS Taxes LLCs by Default03:14 - The S Corporation Option Explained Simply04:03 - Can a C Corporation Ever Make Sense?04:27 - Why Tax Strategy Should Change as Income Grows05:59 - What’s Coming Next in the SeriesMusic licensed from PremiumBeat.com under License #7394047

If you’re a 1099 CRNA, you’re already running a business — whether you planned to or not.The IRS, hospitals, and courts all treat independent CRNAs like businesses. The problem? Many CRNAs go 1099 for flexibility or higher pay but keep operating like employees. That gap creates risk, higher taxes, and stress.This episode kicks off The CRNA Business Basics Series and explains — in plain language — why an LLC matters for 1099 CRNAs.In this episode:Why 1099 CRNAs are considered businessesThe risks of working without an LLCHow an LLC protects your personal life from business problemsWhen an LLC helps with taxes (and when it doesn’t)Why structure = clarity, confidence, and less stressIf you’re a CRNA working independently and want to build smarter money habits, this episode is a must-listen.Chapters:00:00 - Introduction00:32 - 1099 CRNA? The IRS Already Sees You as a Business01:09 - The Biggest Misconception CRNAs Make When Going 109902:18 - CRNAs Work in a High-Risk Profession03:27 - How an LLC Separates You From Your CRNA Work04:22 - 1099 CRNA Taxes Explained Simply05:29 - Cleaner Money, Less Stress for 1099 CRNAs06:19 - Looking Professional as a CRNA Business Owner06:54 - Thinking Beyond Today’s Shift (Flexibility & Future Planning)07:23 - What an LLC Does NOT Do (Important Limits)07:49 - Final Thoughts: You’re Already a Business OwnerMusic licensed from PremiumBeat.com under License #7394047#CRNA #1099CRNA #CRNATaxes #CRNABusiness #LLCforCRNAs #CRNAFinancialPlanning #MoneyMovesForCRNAs

The U.S. House of Representatives just passed two important tax-related bills that could significantly impact 1099 CRNAs and self-employed anesthesia providers.In this episode of Money Moves for CRNAs, we break down:The FAIR Act, which changes how IRS penalties must be approvedNew protections that prevent improper penalty pressure during auditsMajor updates to the U.S. Tax Court that affect small business ownersHow these changes may help CRNAs dispute IRS penalties more fairlyWhy planning before an IRS issue matters more than reacting laterIf you’re a CRNA operating as an independent contractor, these updates could affect how audits, penalties, and tax disputes are handled moving forward.Chapters:00:00 - Introduction00:51 - New Tax Bills Affecting the IRS02:11 - FAIR Act: IRS Penalty Review02:31 - IRS Audits and Supervisor Approval02:59 - Written Approval for IRS Penalties03:09 - How the FAIR Act Protects Taxpayers04:30 - Tax Court Improvement Act05:01 - Subpoenas Before Tax Court Hearings05:38 - Tax Court Deadline Extensions06:47 - What 1099 CRNAs Should Do NowMusic licensed from PremiumBeat.com under License #7394047#CRNATaxes #1099CRNA #IRSAudit #IRSpenalties #TaxCourt #SelfEmployedTaxes #MoneyMovesForCRNAs

If you're a 1099 CRNA, sooner or later you'll deal with a wrong 1099 or a missing 1099 — and it can be terrifying if you don’t know what to do.In this episode of Money Moves for CRNAs, Randy breaks down why 1099 forms are often wrong, what happens when a payer forgets to send one, and how to protect yourself from IRS letters and audits.You’ll learn:✅ Why many payers report the WRONG income on 1099-NECs✅ What to do when your 1099 shows money you didn’t actually receive✅ How to handle payments that arrive in January but get reported for the prior year✅ What to do when a 1099 never shows up✅ How to fix the problem even if the payer refuses to correct it✅ The IRS-approved method to reconcile incorrect 1099s✅ The most common 1099 mistakes CRNAs make during tax seasonThis episode will help you stay compliant, avoid paying tax on money you never received, and keep the IRS computers happy — without stressing over payer mistakes.💬 Question for CRNAs:Have YOU ever received an incorrect or missing 1099? Tell us your experience in the comments!Chapters:00:00 - Introduction01:33 - Common CRNA 1099 Errors02:58 - What a Correct 1099-NEC Should Look Like03:41 - The January Deposit Trap04:51 - How IRS Mismatches Actually Trigger Audits 05:11 - When a 1099 Never Arrives — What It Really Means 06:00 - The Fastest Way to Fix a Wrong 1099-NEC 06:40 - Your IRS-Safe Strategy When a Payer Refuses to Fix It 07:13 - The Proof You MUST Save to Protect Yourself 07:45 - OutroMusic licensed from PremiumBeat.com under License #7394047#1099CRNA #CRNATaxes #MoneyMovesForCRNAs #TaxTips #1099NEC #CRNA #NurseAnesthetistBusiness

🎧 Episode 9 – 3 Best Free Mileage Apps for 1099 CRNAs (2025)If you’re a 1099 CRNA, every drive to a hospital or surgery center could be a tax deduction — but only if you track it right. In this short episode, Randy Larkin from Atlanta Tax Planner reviews three of the best free mileage tracker apps for CRNAs in 2025: Everlance, MileIQ, and Stride.💡 What You’ll Learn:• Which mileage apps work best for CRNAs• How to track drives accurately for tax time• Tips for using free plans effectively📌 Related Episodes:• Ep. 1 – CRNA Tax Tip: How an IRS Audit Erased $36K in DeductionsListen on your favorite podcast app:Apple Podcasts | Spotify | Amazon Music | YouTubeMore CRNA tax resources → https://CRNAtaxes.com#CRNA #Taxes #MileageApps #1099CRNA #TaxTips #AtlantaTaxPlannerChapters00:00 - Introduction01:05 - Getting Ready for Tax Season 01:38 - No Sponsorships, Just Honest Tools 02:09 - App #1: Everlance Overview 02:52 - App #2: MileIQ Breakdown03:29 - App #3: Stride – 100% Free Option04:00 - Quick Recap: Which App Fits You Best?04:31 - Final Thoughts: Maximize Every Mile04:41 - OutroMusic licensed from PremiumBeat.com under License #7394047

If you’re a CRNA running your own S-Corp, you’ve probably heard about “reasonable compensation.” But what does it actually mean — and how do you calculate it correctly? In this episode of Money Moves for CRNAs, we break down how to pay yourself the right salary, stay IRS-compliant, and save money on taxes.#CRNA #SCorp #ReasonableCompensation #TaxTips #MoneyMovesForCRNAsChapters:00:00 – Introduction01:04 – What is reasonable compensation?02:00 – Why It Matters: IRS Focus & Risk 02:30 – The Silver Lining: Financial Planning Benefits 02:53 – How to Figure Out a Reasonable Salary 04:10 – Real CRNA Example & Documentation05:38 – Consequences of Getting It Wrong06:28 – Compliance Checklist 07:17 – Wrap UpMusic licensed from PremiumBeat.com under License #7394047

Down markets don’t have to mean lost money — they can mean massive opportunity. This episode breaks down “Play Three” of your CRNA Roth IRA strategy: converting during downturns for tax-free rebounds. Randy Larkin walks you through how S-Corp CRNAs can cut taxes in peak years, leverage senior deductions, and use market dips to grow wealth faster. Get the full game plan for turning taxes into long-term freedom.Chapters:00:00 - Introduction00:18 - Recap: Cutting Taxes and Building a Roth Strategy 00:32 - Today's Topic: Turning Market Dips into Opportunity 01:00 - Play Three: Use Market Drops 02:21 - Why CRNAs Win Bigger with This Strategy 03:38 - Your Three-Part CRNA Tax Playbook 05:00 - Full CRNA Roth IRA Strategy Recap Music licensed from PremiumBeat.com under License #7394047

Taxes don’t have to be a burden — they can be your biggest advantage if you know the right moves. In this episode, we dive into practical strategies tailored for CRNAs working as 1099 contractors through S-corps. Discover how to optimize your income with Solo 401(k)s, take advantage of Roth conversion windows (including the short-lived senior deduction), and seize downturns as tax-free growth opportunities. This is your roadmap to financial freedom and control in retirement.Chapters:00:00 – Introduction00:34 – Last episode recap00:51 – How S-Corps turn taxes into opportunities01:24 – Why taxes don’t have to hurt anymore02:54 – Play One: Save thousands with a Solo 401(k) 05:00 – Play Two: Convert to Roth at lower tax rates07:07 - ClosingMusic licensed from PremiumBeat.com under License #7394047

The OBBBA just delivered big tax wins for CRNAs. From locked-in low tax brackets to a larger standard deduction, these changes could save you thousands without adding extra shifts. You’ll also learn about new perks for parents, seniors, and charitable givers—plus why the SALT deduction increase matters if you live in a high-tax state. Tune in to see how these updates translate into more money in your pocket.Download your free two-page handout with all seven major tax updates for CRNAs here:The One Big Beautiful Bill HandoutChapters:00:00 - Introduction01:14 -  What the OBBBA means for 1099 CRNAs 01:22 - Chapter 1: Tax Brackets Stay Low 01:54 - Chapter 2: A Bigger Standard Deduction 02:42 - Chapter 3: Extra Deduction for Seniors03:20 - Chapter 4: Improved Child Tax Credit 03:57 - Chapter 5: Charitable Giving Made Easier 04:22 - Chapter 6: Higher SALT Deduction Cap 04:46 - Closing & Takeaways Music licensed from PremiumBeat.com under License #7394047

What if every dollar of your small business profit was taxed with no tax break? That was the reality before 2017. In this episode, we unpack the story of the Qualified Business Income Deduction (QBI)—from its creation in the Tax Cuts and Jobs Act, to its near expiration, to the sweeping bill that made it permanent. You’ll learn how this 20% deduction reshaped taxes for small CRNA businesses, and why its permanence is a game-changer for 1099 CRNAs, shop owners, and entrepreneurs everywhere.Download your free two-page handout with all seven major tax updates for CRNAs here:The One Big Beautiful Bill HandoutChapters:00:00 - Introduction01:00 - The Story of QBI Deduction01:50 - Part 1: What taxes look like before 201703:00 - Part 2: QBI is born04:30 - Part 3: QBI is made permanent after 202506:55 - Recap08:12 - OutroMusic licensed from PremiumBeat.com under License #7394047

Think you earn too much for a Roth IRA? Think again. This episode reveals the legal backdoor strategy that lets high earners unlock the powerful tax-free growth of a Roth IRA. You’ll learn the exact steps to make it happen, the perfect timing to maximize your gains, and the pitfalls—like the tricky pro-rata rule—you need to avoid. If you want to keep more of your money growing tax-free for decades, this is the episode you can’t afford to miss.Chapters:00:00 - Introduction01:00 - Step 1 - What is the Backdoor Roth IRA01:24 - Step 2 - After tax contributions only01:49 - When should we do it?02:43 - Pro rata rule03:15 - Timeline for Backdoor Roth IRA04:07 - Recap Time05:01 - Next EpisodeMusic licensed from PremiumBeat.com under License #7394047

Imagine growing your money for decades and pulling it out tax-free in retirement. Sounds too good to be true? It’s not—if you know how to use a Roth IRA the right way. In this episode, we cover the simple rules every 1099 CRNA needs to know to take full advantage.Chapters:00:00 - Introduction01:23 - What is Roth IRA?01:50 - Rule #1: How much money you make matters02:55 - Rule #2: How much you can put in?03:30 - Rule #3: You have to have a job03:56 - Rule #4: No age limit04:21 - Rule #5: Deadlines matter04:44 - Rule #6: Spousal contribution05:07 - Bonus Tip05:25 - Recap time06:08 - Next episodeMusic licensed from PremiumBeat.com under License #7394047

🎧 Episode 1 – CRNA Tax Tip: How an IRS Audit Erased $36K in DeductionsA true story with a $36,000 lesson. In this short episode, Randy Larkin from Atlanta Tax Planner explains how one trucker lost big in an IRS audit — and what every 1099 CRNA can learn from it. 💡 What You’ll Learn:• Why “no receipts = no deductions” still rules• What records the IRS actually requires• Simple systems CRNAs can use to stay audit-ready📌 Related Episodes:• Ep. 9 – 3 Best Free Mileage Apps for 1099 CRNAs (2025)Listen on your favorite podcast app:Apple Podcasts | Spotify | Amazon Music | YouTubeMore CRNA tax resources → https://CRNAtaxes.com#CRNA #TaxTips #IRS #Audit #1099CRNA #AtlantaTaxPlannerChapters00:00 - Introduction00:53 - Tax court case01:16 - Keep records01:37 - Cash payments02:05 - Travel and Meals02:32 - Miscellaneous expenses03:05 - Medical Expenses03:40 - Action Plan04:10 - Next EpisodeMusic licensed from PremiumBeat.com under License #7394047