119 \\ How a Doctor Saved $117K in Taxes by Fixing One Costly Mistake
- Author
- Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert
- Published
- Mon 08 Jul 2024
- Episode Link
- https://smallbusinessfinance.podbean.com/e/119-how-one-doctor-saved-117000-in-taxes-with-one-simple-trick/
In this episode, you’ll hear a real case study of how one doctor saved $117,000 in 2024 simply by optimizing how his taxes were handled. By digging into prior tax returns, we uncovered $300,000 in unused business losses and showed him how to structure income so those losses actually work in his favor. We also corrected an entity setup that alone saved nearly $40,000. These simple but powerful tax strategies added up to over $160,000 in savings. This story highlights why tax planning—not just tax preparation—is critical for business owners. If your CPA only files your return, you may be leaving six figures on the table.
Next Steps:
💰Pay Less in Taxes – Start Here! 💰
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