Those who suggest doctors in their peak earnings years should make Roth 401(k) contributions, do Roth conversions, or worse, avoid tax-deferred accounts altogether are either ignorant or selling something.
The 199a deduction can be complicated. Here are a few scenarios to help determine the best plan for your retirement savings (401k) and lower tax rates.
Don't give the government an interest-free loan this year. Know how, why, and when to adjust your withholdings to avoid a big tax refund.
Just how difficult is it for a physician to build wealth while living in California? Here are 12 reasons the economic costs may be too high to call it home.
Did you know you don't actually have to file your taxes on April 15th? Learn the right way to file a tax extension to avoid interest and penalties.
The QBI Deduction may be my largest deduction this year, but it has made my financial life dramatically more complicated. Now it's screwing up my retirement saving plan.
In the quest to lower taxes, I often hear a lot of stupid ideas to lower your tax bill. Today I'm going to go over the 15 worst ones.
The New 1040 is like Voldemort, the villain in Harry Potter. Numerous horcruxes have been hidden throughout the land and you will need to hunt them each down individually to destroy them.
Combine your knowledge of the tax code with tax-protected accounts and stop being afraid of taxes in retirement.
Don't let becoming an independent contractor intimidate you. Follow this list and you'll be ready to make informed decisions about taxes, insurance, retirement accounts, deductions, business structures and more.
The Sec. 199A deduction is still a little confusing but has become much more clear over the last year. Here are 11 tips to help you understand the new law and maximize the size of your deduction so you aren't leaving money on the table.
Becoming an S Corporation can save you a lot of money, but be careful - it can also COST you a lot of money. Choose wisely.
Tax-loss harvesting is when Uncle Sam shares your losses with you. You only get to do it in a taxable account, but because of it, there is no reason to ever carry a loss in a taxable account.
Miscalculating W-4 allowances is a simple and common mistake. Take the time this Summer to review your tax situation so you don't get surprised by an unexpected tax bill in April.
PIMD takes a look at how to use the 1031 Exchange for avoiding capital gains taxes on your real estate investments. Start to learn and apply the rules today for long-term real estate success.
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