Tax Planning for 1099 Income: A CPA's 3-Step Framework to Slash Your Taxes

If you earn 1099 income — whether as a locum tenens physician, consultant, or independent contractor — you're almost certainly overpaying the IRS. In this video, CPA David Auer (CPA, MS, PFS, CGMA, JD, LLM, Certified Tax Coach™) walks through the exact 3-step framework his firm uses to legally reduce taxes for high-earning 1099 professionals, plus a real case study showing $359,952 in annual tax savings (a 58.3% reduction). You'll learn why W-2 earners get the worst tax treatment, why 99% of the tax code exists to help you pay LESS, and the difference between a tax preparer (reactive) and a tax strategist (proactive). 🔑 WHAT YOU'LL LEARN: Why tax laws are written to favor business owners and 1099 earners Tax Preparer vs. Tax Strategist — and why you need both Step 1: 11 deductions most 1099 earners miss (home office, hiring your kids, accountable plans, fringe benefits, retirement plans, and more) Step 2: How to optimize entity structure (S-Corp vs C-Corp vs Partnership) for tax, estate, and asset protection Step 3: Advanced strategies — Admin Office C-Corp, self-insurance via Roth-owned insurance company, cost segregation, charitable impact investments, oil & gas working interests Live case study: A psychiatrist + radiologist couple earning $1.5M cuts their tax bill from $616,838 → $256,886 📅 WANT A PERSONALIZED STRATEGY? Book a free 30-minute Zoom consultation with our Client Success Manager, Angie O'Dea: 📧 [email protected] 📖 Mentioned in the video: "The Richest Doctor" — get a copy at www.therichestdoctor.com ⚠️ DISCLAIMER: This content is for educational and discussion purposes only and is not tax, legal, or financial advice. Per IRS Circular 230, nothing in this video is intended or written to be used for the purpose of avoiding tax penalties. Always consult a qualified tax professional about your specific situation. #TaxPlanning #1099Taxes #PhysicianFinance #LocumTenens #SmallBusinessTaxes