We sit down with Laxman, CPA and co-founder of DocWealth, to break down the most effective approaches to tax planning for physicians — from 1099 strategies to S-corps, real estate, and the new Big Beautiful Bill changes.
You’ll learn:
✨ How 1099 and locums doctors can save tens of thousands
🏡 The truth about short-term rentals, REP status & cost segregation
📉 Biggest tax mistakes physicians make (and how to avoid them)
🩺 W-2 vs 1099: what new attendings should choose
🛠️ Year-end tax moves doctors MUST make
💼 Why proactive planning beats reactive filing every time
Whether you're early in your career or already an attending, these strategies can help you reduce your tax burden and accelerate financial independence.
Tune in and start planning smarter. 🎧🔥
⏱️ Timestamps
00:00 – Intro + Today’s Sponsor: DocWealth
00:40 – Meet Laxman: CPA, Founder & Background Story
01:30 – Why DocWealth Was Created for Physicians
02:15 – The Problem Doctors Face With Traditional CPAs
03:00 – Who DocWealth Serves (W-2, 1099, Locums, Real Estate Physicians)
04:10 – Core Tax Strategies Used by Physicians Today
04:55 – W-2 vs 1099: Why the Tax Code Favors Business Owners
05:20 – Short-Term Rental Loophole & Cost Segregation Explained
06:10 – Real Estate Professional (REP) Status — Is It Legit?
07:00 – Compliance Rules Doctors Must Follow for Real Estate Deductions
07:45 – How DocWealth Built Their Model Around Doctor Pain Points
09:10 – Fast Growth: 1,000+ Physicians Served
09:40 – Should 1099 Physicians Choose an S-Corp or an LLC?
10:55 – Reasonable Compensation & Payroll Tax Savings Explained
11:40 – Biggest Tax Mistakes 1099 Doctors Make
13:10 – W-2 vs 1099 for New Attendings — What Should You Choose?
14:55 – The “Big Beautiful Bill”: What Doctors Need to Know
16:00 – 100% Bonus Depreciation, SALT Limit Changes & Who Benefits
17:40 – December Tax Moves for Doctors (Before 12/31)
19:00 – Proactive vs Reactive Tax Planning: Why CPAs Fall Short
20:30 – Should Physicians Create a Trust? (Legacy & Asset Protection)
21:45 – How to Connect with DocWealth + Special Offer
🔖 Hashtags
#TaxPlanningForPhysicians
#DoctorFinance
#PhysicianWealth
#MedicalMoney
#DoctorTaxes
#PhysicianLife
#FinancialIndependence
#HealthcareProfessionals
#DocWealth
#PhysicianMoneyTalk
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By: Financial Freedom Podcast with Dr. Christopher Loo
Title: 🎙️ Sponsored Episode: How Doctors Can Legally Cut Taxes: Smart Tax Planning with DocWealth
Sourced From: www.youtube.com/watch?v=IgcPUdqyEbo
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