Posts Tagged ‘telemedicine taxes’
PART 6 — Business Deductions Doctors Must Use Before Year-End
From the series: Are You Ready for 2026? The Top 20 Year-End Tax Tips to Maximize Your 2025 Deductions & Credits By the time Q4 rolls around, every physician with 1099 income starts asking the same question:“Did I actually track everything I can deduct this year… or did half of it slip through the cracks?”…
Read MoreDoctors: The Path to Financial Independence Begins with Tax Planning
You’ve spent years studying medicine, building your practice, and improving patient lives. But have you put the same effort into planning your financial future? For many physicians, high income doesn’t automatically translate into long-term wealth. In fact, poor tax decisions can quietly erode your earnings and delay your path to financial independence. The good news?…
Read MoreThe Advantages of Being a 1099 Physician
Many physicians are discovering that being an independent contractor—a 1099 physician—offers more than just a different way to earn income. It’s one of the most powerful ways to keep more of what you earn through strategic tax planning and wealth-building strategies. If you’ve ever felt frustrated watching a large portion of your paycheck disappear to…
Read MoreRemote Medicine, Real Taxes: What Doctors Working Online Need to Know
The way physicians practice has shifted. If you’re delivering care remotely—full time or just supplementing your income—you’re operating in a different tax environment. One that requires more tracking, more strategy, and yes, more decisions. This guide walks you through what doctors working in telemedicine need to understand about taxes—and how to make it all work…
Read MoreHow Physicians Are Boosting Their Income Outside of Medicine
You worked hard for your medical degree. But more physicians are realizing that relying solely on clinical income may not be the most sustainable long-term path. You don’t have to trade all your time for money. Let’s look at how physicians across the country are building wealth outside the exam room—without giving up their identity…
Read MoreDoctors: Is Your Physician Group Causing You to Pay Higher Taxes in 2025?
Classifying doctors as employees can significantly increase their tax burden An increasing number of doctors are banding together to form medical “super groups,” and the benefits can be significant: economies of scale, greater leverage in negotiations with insurance companies and large hospitals, administrative support that leaves doctors free to focus on patient care, and a…
Read MoreWhy Doctors Are Taking on Side Gigs and How They Can Save Taxes on Moonlighting
The healthcare industry is known for its demanding schedules and rigorous training, but more and more doctors are branching out into side gigs. Whether it’s consulting, teaching, telemedicine, or even creative pursuits like writing, many physicians are exploring opportunities outside their primary practice. But why are so many doctors taking on side gigs, and how…
Read MoreTax Planning 101: Business Deductions for Doctors
Tax Planning for Doctors Deductions are an important part of tax planning and running a business for doctors. Tax deductions reduce the amount of income that is subject to taxation, thereby reducing the overall amount of taxes owed. Doctors can take advantage of a variety of tax deductions to lower their taxable income, which can…
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