Financial Freedom Podcast with Dr. Christopher H. Loo, MD-PhD 🔥 Sponsored Episode: Advanced Tax Planning for Physicians: Strategies Doctors MUST Know in 2026
Disclaimer: This is a sponsored episode. Not advice. Educational purposes only. Not an endorsement for or against. Results not vetted. Views of the guests do not represent those of the host or show.
📄 In this episode, we deep-dive into bold, practical, and compliant strategies for tax planning for physicians.
Laxman, CPA and co-founder of DocWealth, breaks down the exact tax approaches used by more than 1,000 physicians — including 1099 locums doctors, private practice owners, and W-2 clinicians looking to reduce their tax burden.
Whether you're transitioning out of residency, earning 1099 income for the first time, or already an attending looking to maximize deductions, this conversation will help you understand how to legitimately lower your tax bill using the tax code.
- The most effective strategies in tax planning for physicians
- How 1099 doctors can save tens of thousands using S-corps
- Real estate tax benefits: short-term rental loophole, REP status, cost segregation
- What the Big Beautiful Bill means for physicians in 2025
- SALT deduction updates — and who benefits most
- When doctors should consider a trust for asset protection
🔑 Key Quotes & Insights
“W-2 physicians are limited. The tax code favors business owners.”
“A short-term rental with cost segregation can offset six figures of W-2 income.”
“A properly structured S-Corp can save physicians 8–9% in payroll taxes.”
“Most physicians overpay taxes simply because no one is proactively planning for them.”
Timestamps (22:19):
00:00 – Intro & Sponsor: DocWealth
00:40 – Laxman’s Background & Why DocWealth Was Created
02:00 – The Tax Problem Physicians Face
03:00 – Who DocWealth Serves
04:00 – Most Common Tax Strategies for Doctors
05:00 – Real Estate: STR Loophole & Cost Segregation
06:00 – REP Status Explained
07:30 – DocWealth’s Unique Approach
09:30 – S-Corp vs LLC for 1099 Physicians
11:00 – Top Tax Mistakes 1099 Doctors Make
13:00 – W-2 vs 1099 for New Attendings
15:00 – The Big Beautiful Bill: What Doctors Should Know
17:00 – Year-End Tax Planning Moves
20:00 – Proactive Tax Planning vs Reactive Filing
21:00 – Should Doctors Use Trusts?
22:00 – How to Contact DocWealth
Hashtags:#TaxPlanningForPhysicians#PhysicianFinance#DoctorTaxes#PhysicianWealth#1099Physician#LocumsLife#PhysicianEntrepreneur#PhysicianTaxStrategy#DoctorFinanceTips#SurgerySideHustle#MedicalProfessionals#PassiveIncomeForDoctors#RealEstateForPhysicians#SCorpStrategy#FinancialIndependenceForDoctors#DocWealth
To check out the YouTube (video podcast), visit: https://www.youtube.com/@drchrisloomdphd
Click here to join PodMatch (the "AirBNB" of Podcasting): https://www.joinpodmatch.com/drchrisloomdphd
We couldn’t do it without the support of our listeners. To help support the show:
CashApp- https://cash.app/$drchrisloomdphd
Venmo- https://account.venmo.com/u/Chris-Loo-4
Spotify- https://podcasters.spotify.com/pod/show/christopher-loo/support
Buy Me a Coffee- https://www.buymeacoffee.com/chrisJx
Click here to check out our bookstore, e-courses, and workshops: https://www.drchrisloomdphd.com/shop
Click here to purchase my books on Amazon: https://amzn.to/2PaQn4p
For audiobooks, visit: https://www.audible.com/author/Christopher-H-Loo-MD-PhD/B07WFKBG1F
Follow our YouTube channel: https://www.youtube.com/chL1357
Follow us on Twitter: https://www.twitter.com/drchrisloomdphd
Follow us on Instagram: https://www.instagram.com/thereal_drchrisloo
Follow the podcast on Spotify: https://open.spotify.com/show/3NkM6US7cjsiAYTBjWGdx6?si=1da9d0a17be14d18
Subscribe to our email list: https://financial-freedom-podcast-with-dr-loo.kit.com/
Thank you to all of our sponsors and advertisers that help support the show!
Financial Freedom for Physicians, Copyright 2025