Money Meets Medicine

Physician Tax Strategy: W2 vs 1099 vs K1

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CPA Spencer Carroll joins the show to unpack tax strategy for physicians: why your income type matters more than your income, and where the real savings hide. Whether you're a W-2 employee, a 1099 locums doc, or a K-1 partner, the levers you can pull are wildly different.

What you'll learn:

  • Which of W-2, 1099, and K-1 is the best—and worst—way to get paid as a physician
  • When an S corp actually makes sense, and how "reasonable salary" really works
  • The truth about real estate professional status and the short-term rental loophole, from a CPA who owns rentals himself
  • The one red flag that means you're probably overpaying: barely talking to your CPA all year

    • Resources:

    • Head to moneymeetsmedicine.com/cpa to book a complimentary call with Gelt and get 10% off your first year. Subscribe to Money Meets Medicine wherever you get your podcasts, and leave a rating—it helps other physicians find the show.

      • Disclaimer: This episode is a part of a paid partnership between Physician Philosopher LLC with Better Technologies Inc. (DBA Gelt), a tech-enhanced tax-strategy company.


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      Money Meets MedicineBy Doctor Podcast Network, Jimmy Turner MD
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