The Passive Income MD Podcast #286 Year-End Tax Moves Every Physician Investor Should Know
Oct 20, 2025
Discover 10 savvy year-end tax moves that can help physicians save thousands. Learn how to prepay business expenses, utilize the Augusta Rule to rent your home, and leverage real estate for bonus depreciation. Find out the benefits of employing your children to shift income and claiming deductions. Upgrade your tech and set up accountable plans for reimbursements to maximize deductions. Get proactive about tax planning before the year wraps up and keep more of what you earn!
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Physician Shocked By Huge Tax Bill
- Peter Kim describes a friend in California shocked by a several-hundred-thousand-dollar tax bill despite high earnings.
- He uses this story to show many physicians are unprepared for proactive tax planning.
Prepay Next Year’s Business Expenses
- Prepay next year's business expenses before December 31 if you use cash accounting to shift deductions into the current year.
- This includes malpractice, CME, software, rent and other planned payments you would make anyway.
Use Section 179 For Heavy Business Vehicles
- Consider buying a business vehicle over 6,000 pounds to leverage Section 179 if you legitimately use it >50% for business.
- Finance options often allow deducting much of the purchase price in year one but consult your CPA to comply with rules.