White Coat Investor Podcast
WCI #403: Exploring Taxes with a Friend of WCI
Jan 23, 2025
Alexis Gallati, a tax expert and founder of Cerebral Tax Advisors, joins Dr. Dahle to explore fascinating tax strategies tailored for medical professionals. They discuss the benefits of hiring spouses and children for tax deductions and retirement planning. The conversation dives into the tax implications of hiring nannies, shedding light on allowable deductions and compliance. They also tackle cash management tips during low-income years, emphasizing effective contributions and investment fund strategies for optimal tax benefits.
56:17
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Quick takeaways
- Understanding the benefits and tax implications of employing a spouse or children can optimize business deductions and retirement benefits.
- Hiring a nanny involves specific tax responsibilities, including obtaining an EIN and navigating child care tax credits properly.
Deep dives
Understanding Expert Witness Opportunities
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