Financial Residency A Physician's Guide to Wealth - Physician 1099 Deduction Hacks Masterclass: Deductions You Don't Know You're Missing That Could Cost You Thousands
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
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