Tag Archives: 2016 taxes

Freelance Doctors: Take a Scalpel to Your Tax Bill

By Peter C. Thoms, CFA www.LocumTenensTaxStrategy.com Many freelance doctors who earn high income from self-employment are eligible to make very large annual, tax-deductible contributions to an IRS-approved retirement plan called a defined benefit plan. In many cases, they can contribute $100,000 or more annually—and thereby save $40,000+ in taxes every year while rapidly building a…
Read more