Are you leaving money on the table just because you chose the wrong business structure?
In this power-packed episode, CPA and tax attorney Ryan Curran breaks down how high-earning 1099 professionals—especially physicians—can legally and strategically slash their tax bills. You’ll learn why choosing an S Corp over a sole proprietorship can mean $30,000+ in annual savings, how to use tools like PTET to deduct state taxes through your business, and the truth behind real estate “loopholes” like short-term rentals and cost segregation.
Whether you're just starting your private practice or growing your side income, this episode is your playbook for smarter financial planning. Ready to unlock more insights like these?
Timestamps:
00:00 Intro
00:53 Meet Ryan, CPA & Tax Attorney
02:45 How 1099 earners save on taxes
07:38 LLC vs. LLP vs. PLLC
09:40 LLC and liability protection
11:09 When to choose S Corp for 1099 income
13:01 What's a C corporation?
15:32 Setting up both S and C corporations
16:55 Best way to pay taxes on 1099 income
20:42 Different types of retirement plans
26:47 Early retirements with compound interest
29:37 How top earners lower tax rates
30:57 Tax breaks from short-term rentals and real estate
38:20 Real estate audits and extra tax savings with PTET
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