In this guide, we explain what tax-loss harvesting is, how it works, and how physicians and other high-income investors can use it effectively. We also outline some practical steps for implementing the strategy and highlight common pitfalls to avoid so you have a reliable framework for reducing your tax liability without compromising your long-term investment goals.| Cerebral Tax Advisors
by Jon McKenna The post [Medscape] Medscape Physicians and Taxes Report 2025 appeared first on Cerebral Tax Advisors.| Cerebral Tax Advisors
Your tax basis in an S-Corporation is your investment in the company for tax purposes. Unlike a C corporation, an S corporation is a pass-through entity, meaning that its income, losses, and other tax items flow through to its shareholders. Your basis determines how much loss you’re allowed to deduct on your personal tax return and whether distributions from the company are taxable.| Cerebral Tax Advisors
The short-term rental tax loophole is a popular tax break amongst rental property owners. This tax code provision might allow you to classify your rental income a little differently, allowing you to offset a portion of your rental income with other active income sources.| Cerebral Tax Advisors
The short-term rental tax loophole is a popular tax break amongst rental property owners. This tax code provision might allow you to classify your rental income a little differently, allowing you to offset a portion of your rental income with other active income sources.| Cerebral Tax Advisors
Simply taking virtual CE from a vacation destination doesn’t automatically qualify the trip as a business expense. The IRS requires a valid reason for traveling to that specific location. For example, if you could have attended the virtual CE from home, it’s harder to justify deducting travel expenses.| Cerebral Tax Advisors
Utilize the Augusta Rule to generate tax-free income by renting out your property for up to 14 days annually.| KevinMD.com
No more electric bills? Huge tax rebates? It sounds too good to be true, and unfortunately, in many cases, it is. The solar energy movement has gained momentum in recent years, fueled by lower solar panel costs, the consumer urge to fight climate change, and rising energy bills. However, the availability of real, but sometimes […] The post Avoiding Solar Panel Tax Credit Scam: A Guide for Business Owners appeared first on Cerebral Tax Advisors.| Cerebral Tax Advisors
At Cerebral Tax Advisors, we have often found that medical professionals love to invest in real estate since it is an excellent way to generate a return on investment, diversify your portfolio, and take advantage of tax write-offs. At first glance, it might seem advantageous to do so through an S-Corporation (S-Corp)—a structure known for […] The post The S-Corp is the Wrong Entity Structure for your Real Estate Investments appeared first on Cerebral Tax Advisors.| Cerebral Tax Advisors
My tax advisor recently decided to kick things off with an incredible course called "The Doctor’s 4-Week Guide to Smart Tax Planning."| The Prudent Plastic Surgeon