The 1099 Tax Doctor

Are You Paying More Taxes Than You Should?Most doctors and professionals don’t realize how much the difference between W-2 and 1099 really matters, not just for paperwork, but for your wallet. In this episode, we explain why W-2 income is taxed more, how 1099 contractors can legally pay less, and the simple strategies that help you keep more of your money.🎧 Watch now and find out which structure actually saves you thousands.Timestamps:00:00 Intro00:32 W-2 Employees vs 1099 Contractors Explained02:36 Pros and Cons of Being a W-2 Employee04:32 Pros and Cons of Being a 1099 Contractor06:24 Business Deductions and Expense Write-Offs07:00 How Proper Setup Can Cut Your Tax Bill by Thousands#W2vs1099 #TaxStrategy #SelfEmployedTaxes #IndependentContractor #1099Taxes #SmallBusinessTaxes #FreelanceTaxTips #TaxDeductions #SelfEmploymentTax #BusinessExpenses #ContractorLife #TaxSavings

Too many of us are losing thousands every year because we picked the wrong business structure. In this episode, we break down LLCs, S Corps, and C Corps: what they really mean, how they’re taxed, and which one helps us keep more of what we earn.We’ll cover how to avoid double taxation, when S Corp election makes sense, and why most small businesses stick with an LLC.🎧 Let’s make taxes simple and finally pay smarter, not more.Timestamps:00:00 Intro00:37 Business Structures Explained00:52 The 1950s: Sole Proprietors vs. Corporations02:36 The Birth of the S Corporation04:00 The 1970s: Rise of LLCs & State Variations05:22 How S Corp Status Cuts Payroll Taxes06:36 C Corp vs. S Corp vs. LLC: Final Takeaway#TaxesMadeSimple #SmallBusinessFinance #BusinessStructures #LLC #SaveOnTaxes #CCorp #SCorp #StartupFinance #TaxStrategy

Discover how high earners and 1099 professionals can save six figures a year on taxes while building a massive retirement nest egg.In this episode, Paul Martin breaks down cash balance plans—what they are, how they work, and why they can supercharge your savings far beyond a 401(k). They also cover common pitfalls, setup costs, and how to combine these plans with a 401(k) for maximum benefit.If you’ve ever wondered how to retire earlier with more money, this conversation has the answers. Timestamps:00:00 Intro00:33 Meet Paul Martin01:00 Paul’s background01:53 What is a defined benefit plan?04:33 Who benefits most from this plan?06:46 Key considerations before starting07:45 The process of setting up a plan11:26 Issues with poorly drafted plans11:57 What if you can’t fund the plan13:41 How plan investments are managed15:36 Combining a cash balance and a 401(k)17:33 Voluntary Roth contributions within a 401(k)18:17 Considering outside investments19:44 Common mistakes to avoid20:24 The power of starting early23:54 Fees and avoiding overpaying25:06 Closing remarks#RetirementPlanning #CashBalancePlan #FinancialFreedom #TaxStrategy #SmallBusinessFinance #RetirementStrategy #401kPlanning #TaxSavings #CompoundInterest #HighIncomeProfessionals #SmartMoneyMoves

Are you leaving money on the table just because you chose the wrong business structure?In this power-packed episode, CPA and tax attorney Ryan Curran breaks down how high-earning 1099 professionals—especially physicians—can legally and strategically slash their tax bills. You’ll learn why choosing an S Corp over a sole proprietorship can mean $30,000+ in annual savings, how to use tools like PTET to deduct state taxes through your business, and the truth behind real estate “loopholes” like short-term rentals and cost segregation.Whether you're just starting your private practice or growing your side income, this episode is your playbook for smarter financial planning. Ready to unlock more insights like these?Timestamps:00:00 Intro00:53 Meet Ryan, CPA & Tax Attorney02:45 How 1099 earners save on taxes07:38 LLC vs. LLP vs. PLLC09:40 LLC and liability protection11:09 When to choose S Corp for 1099 income13:01 What's a C corporation?15:32 Setting up both S and C corporations16:55 Best way to pay taxes on 1099 income20:42 Different types of retirement plans26:47 Early retirements with compound interest29:37 How top earners lower tax rates30:57 Tax breaks from short-term rentals and real estate38:20 Real estate audits and extra tax savings with PTET#PhysicianFinance #DoctorLiability #MalpracticeInsurance #LLCProtection #MedicalEntrepreneurship #PhysicianTaxTips #SCorpStrategy #1099Income #DoctorFinance #DoctorTaxes #1099Strategy #EffectiveTaxRate

 Welcome to the 1099 Tax Doctor podcast. Today, we're diving into everything you need to know about earning as a 1099 physician. Whether it's your full time job or a side gig, we've got the insider tips to lower your tax bill, save more, and build wealth. Guiding us through it all is our host, the tax doctor himself.A physician and entrepreneur who's passionate about helping other independent doctors keep more of what they earn. Prepare to boost your financial health with strategies designed just for you.