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A repository of articles about things doctors didn't learn in medical school, covering side gigs, finances, the business of medicine, life in medicine, and more. These resources are intended to take a deeper dive into specific topics referenced in our educational pages.

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Featured Posts

Physician Transition to Practice: A Guide and Checklist for Graduating Residents and Fellows

Pharmaceutical Industry Roles for Physicians Seeking Nonclinical Career Opportunities

7 Ways Physicians Can Get Involved In Health Tech and Innovation

Assessing a Rental Property Investment Opportunity: Does it Cashflow?

Assessing A Private Practice Partnership Opportunity

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Personal Finance

2025 Updates to Federal Tax Brackets & Contribution Limits: What Physicians Should Know to Maximize Their Tax Strategy

Key IRS changes for 2025 including tax brackets, contribution limits to tax-advantaged retirement plans like 401ks, HSAs, 529s, and more.

Side Gigs

Oil and Gas Investments: Tax Benefits and Risks

Opportunities to invest in oil and gas investments offer tax deductions for W2 physicians, but it’s important to know the pros, cons & risks

Real Estate

What Are the Tax Benefits of Investing in Real Estate?

Tax benefits of investing in real estate include 1031 exchanges, the QBI deduction, depreciation, expense deductions, REPS, & STR loophole

Real Estate

The Short Term Rental Tax Loophole: A Popular Tax Reduction Strategy Used by Real Estate Investors

How the short term rental tax loophole lets real estate investors use deductions to reduce taxable income, including full time W2 physicians

Taxes

Defined Benefit Cash Balance Plans: Powerful Tax Strategy for Physician Practices and Entrepreneurs

Defined benefit cash balance plans offer large potential tax deductions & retirement contributions for doctors who understand how they work

Taxes

How Tax Loss Harvesting Works: A Guide for Physicians

How strategic tax loss harvesting can benefit physicians with capital gains, when to do it and how, wash sale rules, swap partners, and more

Side Gigs

Should I Have My LLC Taxed as an S Corp?

Advantages and disadvantages to having an LLC taxed as an S Corp, which doctors benefit from the election, and tax savings via payroll & QBI

Side Gigs

Do I Need an LLC for My Physician Side Gig or Business?

Answering "Do I need an LLC?" for my physician side gig or business income, considering pros and cons, asset protection, & tax advantages.

Side Gigs

What Physicians Need to Know about Quarterly Estimated Taxes

What quarterly estimated taxes are, which physicians must pay them, how to calculate how much you owe, and when payments are due.

Taxes

Hiring Your Kids as Employees for Your Physician Private Practice or Business, including Tax Advantages

Pros and cons of hiring your kids via your practice or side gig as employees for tax savings, and tips to stay in compliance with IRS rules.