Carole C. Foos

As a physician, your income likely puts you in the top marginal federal income tax bracket. There are four ways to potentially save taxes, and you should look into them now.

Unfortunately, many physicians in private practice end up leaving tens of thousands of dollars on the table each year, but these strategies can help you recapture that money.

Most physicians strive to "do good" as a quality practitioner and "do well" in terms of financial rewards. Unfortunately, many in private practice end up leaving tens of thousands of dollars on the table each year.

For high-income taxpayers, like physicians, the fiscal cliff deal increases taxes dramatically. With many physicians now in the 50%-plus marginal tax brackets for the first time in over 30 years, tax planning more important than ever.

If you have considered converting a traditional IRA to Roth IRA, now may be the perfect time considering the tax increases you're likely to face in 2013.

If you're wondering what you can do now to save taxes on April 15, here are a few techniques to reduce taxes on investments and your estate. You could be saving tens of thousands of dollars.

If you're wondering what you can do now to save taxes on April 15, here are a few ideas that can each save you tens of thousands of dollars on your 2012 income tax bill.

Physicians with high-income, high-liability specialties should consider taking advantage of the benefits of a small insurance company.

The small number of physicians who have gotten any advice or direction on asset protection from their CPAs can be surprising. Ask yourself: has your CPA helped you shield your assets from unnecessary exposure? Likely not.

The vast majority of group practices with more than three or four physicians suffer from "lowest common denominator" (or "LCD") planning.

By owning your own insurance company doctors can manage risks while protecting assets for profitable practices.

Too many physicians who own their own medical practice treat most or all of their income as employee compensation instead of company profits. This could cost them thousands.

What you can do now to save $10,000 to $25,000, or more, on your 2011 taxes.

You can make up for declining reimbursements with financial efficiency and tax savings.

If you think the business of medicine is tough today, "You ain't seen nothing yet." There is an approaching confluence of events that could have a significant financial impact on physicians. Here's how to protect yourself from these new financial threats.

Few physicians receive any advice on asset-protection planning from their certified public accountants, and unfortunately when they do the advice is often wrong. Here are four common mistakes CPAs typically make when advising doctors about protecting their assets.

There's still time to save tens of thousands of dollars in federal and state taxes this year. Here are five ways doctors and physician business owners can significantly trim their taxes for 2010 and beyond.

Real estate is a popular investment among physicians, but many owners expose themselves to unnecessary lawsuit risks and end up paying far too much in taxes. Here are three smart strategies for lessening those risks and minimizing your tax burden.

Forget healthcare reform. Medicare reimbursement has been declining for years. If you haven't done so already, now is the time formulate a strategy to boost your practice's bottom line. Here's how...

You are about to face your largest fiscal challenge ever: reimbursement cuts, tax increases, and lowest common denominator planning. The most obscure of the three is also your biggest liability.

You are about to face your largest fiscal challenge ever: reimbursement cuts, tax increases, and lowest common denominator planning. The most obscure of the three is also your biggest liability.

Most advisors to medical practices believe that the avoidance of potential double taxation makes the S Corporation the logical choice; however, this conventional wisdom overlooks the potential benefits a C Corporation can offer.

Make up for proposed Medicare cuts in reimbursements by utilizing the ideal corporate structure and maximizing tax-deductible benefits for the doctors in practice.