Most 1099 physicians overpay thousands in taxes annually—often losing close to 50% of their income in high-tax states. Between complex tax codes, self-employment taxes, missed entity elections, and underused deductions, the average independent physician leaves significant savings on the table. This article explains why general accountants fall short for 1099 doctors and how Doc Wealth's year-round, proactive tax strategy helps physicians save tens of thousands while building long-term wealth.

Discover the 6 stages of tax planning that separate doctors who build wealth from those who just earn it. You'll see why a Stage 1 physician earning $400K pays $140K in taxes while a Stage 5 physician with the same income pays only $90K—a $5 million difference over a career. Learn which stage you're in right now, from "Just Get It Done" filer to "Wealth Architect," and see the exact strategies you need to move to the next level and keep more of what you earn.

With only 6 weeks left in the 2025 calendar year and the tax season approaching, these strategic tax moves could save you thousands. As a 1099 physician in the 35-37% tax bracket, nearly 40% of your income goes to taxes. Discover five powerful strategies—from maxing retirement contributions to tax-loss harvesting—that could keep more money in your pocket. Time is running out to reduce your 2025 tax bill.

Dr. Sarah Chen finished her emergency medicine residency last June with a decision many new attendings face across all specialties: accept a traditional W-2 hospital position or dive into the world of independent contracting. Whether it's emergency medicine, radiology, anesthesia, or any other specialty, the 1099 opportunity landscape has exploded in recent years. After careful consideration, Sarah chose to go fully independent, taking on lucrative 1099 shifts at multiple hospitals that were...

At Doc Wealth, we believe there is no one-size-fits-all way to organize partnerships with hospitals. Whether you are employed and receiving a W-2 or are an independent contractor physician receiving a 1099 depends on various factors including specialty and role. Most physicians have been W-2 employees at some point, so they inherently understand this model. The independent contractor (IC) model is a little more foreign to many, so it is important to understand the pros and cons of this tax...

Introduction: Dr. Applegate had always dreamed of being an emergency medicine physician, but after years of grueling night shifts, their health began to suffer. They noticed a decrease in energy levels, mood, and overall quality of life. Determined to make a change, Dr. Applegate discovered the benefits of 1099 employment, which allowed them to regain control over their schedule and avoid night shifts altogether. This guide will explore how you can follow in Dr. Applegate's footsteps,...

Introduction: As a medical resident transitioning to your first attending job, understanding the difference between 1099 and W2 employment is crucial. Each option has its own implications for your taxes, benefits, and financial planning. This guide explains why 1099 employment can be more advantageous and how Doc Wealth LLC can assist with tax strategies. Understanding 1099 vs. W2 W2 Employment: Standard Employment:  As a W2 employee, you receive a regular salary, and your employer withholds...