A Physician’s Guide to Wealth - Physician 1099 Deduction Hacks Masterclass: Deductions You Don’t Know You’re Missing That Could Cost You Thousands
Media Type |
audio
Categories Via RSS |
Business
Careers
Investing
Publication Date |
Aug 16, 2024
Episode Duration |
01:05:04

Financial planners James Nutter and Jeff McPherson, alongside CPA Matt Barczak, dive deep into crucial tax deduction strategies for 1099 physicians. They explore vehicle deductions, employing family members, and maximizing retirement plan contributions. The session offers essential insights into effective financial planning, including the Augusta rule and optimizing Roth IRAs. Real-life scenarios and listener questions enhance the learning experience, making it a must-listen for physicians seeking to optimize their tax situation and financial health. Tune in for actionable advice and expert guidance tailored to the unique financial needs of medical professionals.

Timestamp

Summary

0:07

Physician Financial Wellness and 1099 Deduction Hacks

12:55

Maximizing Tax Deductions for 1099 Physicians

21:01

Implementing Tax Deductions and Financial Planning Strategies

25:02

Tax Deductions for Vehicles and Commuting Expenses

29:24

Tax Strategies for Business and Personal Vehicle Leasing

32:26

Tax Benefits and Strategies for Employing Family Members

39:56

Creative Ways to Justify Family Payments in Business

42:41

Optimizing Dual-Income Family Retirement and Tax Strategies

47:04

Maximizing 1099 Income Through Solo 401K and SEP Accounts

55:40

Navigating Complex Retirement Account Strategies and Tax Implications

1:07:13

Tax Benefits of Renting Your Home for Business Meetings

1:09:22

Effective Strategies for Year-End Tax Deductions and Entity Structuring

Resources

Register for our upcoming physician homebuying masterclass here

Resources

PSLF Hacks Checklist

Follow James Nutter

Book a free financial wellness diagnostic with James here

Instagram

Follow IM Wealth

www.imwealth.com

Youtube

Meaningful Journeys Scholarship

Advisory services offered through Commonwealth Financial Network®, a Registered Investment Adviser.

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