Category: Taxes

potential-loopholes-featured

Potential Changes To Real Estate Tax Loopholes Doctors Should Know

[Editor’s Note: Today’s article is a guest post from a friend of mine that wants to remain anonymous. He’s a doctor that teaches other doctors about all types of money matters at Wealthy Doc. ] As a real estate investor, the Wealthy Doc understands that one of the MOST important benefits for investing in the…

How To Transfer UTMA Accounts To Children To Pay Less Taxes - F

How To Transfer UTMA Accounts To Children To Pay Less Taxes

Most doctors and other high income professionals typically want to do two things financially to help their families: Pay less taxes and teach their kids about money. One way that they can accomplish both is by employing children at their businesses/practices (consult your CPA for rules before doing so). By doing this, they’re able to…

5 Smart Ways On How To Reduce Taxable Income For High Earners - F

5 Smart Ways On How To Reduce Taxable Income For High Earners

Paying taxes is unavoidable, but there are numerous opportunities to help lower a tax bill. Recently, I came across a finance forum for doctors that piqued my interest. One of the most highly viewed posts was, “How To Reduce Taxable Income For High Earners.” Most high income earners that I know are constantly looking for…