Kenny Kim, MD, MS Tax, EA

Kenny Kim, MD, MS Tax, EA Tax Strategist for Physicians | Helping Doctors Pay Less Tax | Linktr.ee/drtaxtor

06/17/2026

Most physicians are still running the same entity structure they set up in residency — despite their income having 10x'd. That mismatch is very expensive. 🏥💊

Here's the evolution most physicians never complete:

Residency: LLC taxed as sole prop — makes sense when income is small.
First attending job: Convert to S-corp — logical as income jumps.
$1M+ income: Consider C-corp — retain earnings taxed at 21% instead of 37% personally.

A physician retaining $500K inside a C-corp instead of distributing it? That's potentially $80,000 in annual tax savings — compounding inside the entity.

But major caveats: pull the money out personally and qualified dividend tax applies. And watch for the Accumulated Earnings Tax and Personal Holding Company tax — the IRS doesn't let you park money indefinitely without consequences.

This isn't tax CPR. It's preventive medicine. The earlier you plan the structural transition, the bigger the long-term return.

🩺 Doctor, dentist, or healthcare professional ready to optimize your entity structure? Grab your free consultation today.
🔗 linktr.ee/drtaxtor

06/16/2026

Congress raised the SALT cap to $40,400 in 2026. But for most high-income physicians — that number is fake news. 🚨💊
Here's why: once your income exceeds $500,000, the cap phases out at 30 cents per dollar over the threshold. For many doctors in California and New York, the real deduction looks a lot closer to $10,000.
The workaround? If you own a practice, the pass-through entity tax election lets your entity deduct state taxes as a business expense — completely bypassing your personal SALT cap.
The cap went up. The planning matters more than ever.
🩺 Doctor, dentist, or healthcare professional wanting to lower your tax bill? Grab your free consultation today.
🔗 linktr.ee/drtaxtor

06/15/2026

Spouse just became a SpaceX millionaire? Before you sell a single share — read this.

Selling $2M in appreciated stock in California = potentially $800,000 to the IRS. Gone.

A Charitable Remainder Trust (CRT) changes everything 👇
✅ No immediate capital gains
✅ $100K/year income stream on $2M at 5%
✅ Charitable deduction in year one

The catch: CRTs are irrevocable. Not a casual strategy — but for the right physician in a high-tax state, it's three wins in one move.

Want to explore this further? Contact Klaus at wealthcarelawyer.com — an MD and estate attorney with a background you rarely see in one person.

Want to work with me? Book a free consultation → linktr.ee/drtaxtor

🔔 Follow for daily physician tax education.

06/13/2026

For once — the tax code actually favors primary care over high-income specialists. And honestly? You deserve it. 🩺💊

The new SALT cap jumped from $10,000 to roughly $40,000 — a massive win for physicians in high-tax states like California and New York.

Here's why primary care wins more: the SALT benefit phases out as income climbs. Specialists earning $600,000+ may end up right back near the old $10,000 cap. But primary care physicians sitting in the middle of the income spectrum? They keep more of that benefit.

For once — being in the middle of the income spectrum is actually the advantage.

Thank you primary care doctors. The tax code finally built something that works better at your level. 💉🩺

Doctor, dentist, or healthcare professional ready to maximize the new rules? Grab your free consultation today.
🔗 linktr.ee/drtaxtor

06/13/2026

The IRS assumes everything is taxable — and most physicians don't know how to fight back. 💊
IRC §61 is the IRS's starting point: all income, from whatever source, is fair game. But here's what changes everything — Congress wrote in specific exclusions. Up to $500K tax-free on your home sale. Tax-free life insurance proceeds. The game isn't about hiding income. It's about knowing every legal exit in the code.
Most doctors spend decades earning at the highest rates. The ones who win? They master the exclusions.
💉 Are you a doctor, dentist, or healthcare professional ready to stop overpaying the IRS? Grab your free consultation and let's build your tax plan.
🔗 linktr.ee/drtaxtor

06/11/2026

Your estate plan isn't a one-time document — it's a living protocol. And an outdated one can be worse than no plan at all.
Here are the 6 triggers that mean it's time to update yours 👇
1️⃣ Marriage or divorce
2️⃣ Birth of a child or grandchild
3️⃣ Death of a spouse
4️⃣ Major income event
5️⃣ Relocation to a new state
6️⃣ Major shift in family structure or business ownership
Miss the portability election after a spouse dies? Your family could lose millions in exemption they were entitled to. That deadline is 9 months — and it is not automatic.
Your estate plan needs checkups too.
🔔 Follow for daily physician tax education.

06/10/2026

Another massive tax break just dropped. And once again — physicians are excluded. 🚨💊

Under IRC §225, workers receiving qualified overtime can deduct up to $12,500 — or $25,000 if married filing jointly — from 2025 through 2028.

Here's why physicians get nothing:
Strike 1: The overtime must be REQUIRED under the Fair Labor Standards Act. Not just extra shifts your employer voluntarily pays you more for.
Strike 2: Most physicians are exempt employees under federal labor law — meaning your extra pay doesn't qualify as FLSA-required overtime.
Strike 3: Even if you somehow qualified — the deduction phases out at $150K for single filers. A single physician earning $300K? Way past the threshold. Benefit: zero.

Tax headlines sound massive. The fine print tells a different story.

🩺 Doctor, dentist, or healthcare professional wanting to know what tax breaks actually apply to you? Grab your free consultation today.
🔗 linktr.ee/drtaxtor

06/09/2026

There's a deduction worth up to 20% of your business income — and most high-income physicians are completely phased out of it. But strategic planning can get it back. 💊

IRC §199A gives eligible business owners up to 20% off their qualified business income. A $200,000 practice income = a potential $40,000 deduction. But once taxable income climbs too high — it phases out entirely for physicians.

The fix: engineer your taxable income back into the qualifying window. Retirement contributions, a cash balance plan, accelerated equipment depreciation — each one is a tool.

A single physician dropping taxable income from $300K to $200K through retirement contributions could unlock the full $40,000 QBI deduction they would have otherwise lost completely. Same income. Different planning. Completely different tax outcome.

🩺 Doctor, dentist, or healthcare professional ready to unlock the QBI deduction? Grab your free consultation today.
🔗 linktr.ee/drtaxtor

06/08/2026

Most physicians write off business dinners. Most do it wrong. 🍽️
The rule: 50% deductible — only if you have a real business purpose, someone from your team present, and it's NOT bundled with entertainment. One charge for dinner AND the game? Zero deduction.
Document it like a chart note. Who. Where. Cost. Purpose. Deduction secured. 💊
🩺 Doctor, dentist, or healthcare professional ready to stop leaving deductions behind? Grab your free consultation today.
🔗 linktr.ee/drtaxtor

06/06/2026

You just finished a 10-hour surgery. You saved a life. The federal government takes up to 37 cents of every dollar you earned doing it. 🚨💊
Most physicians treat taxes like an invoice — just pay whatever shows up. The smart ones treat it like a complicated diagnosis. Data. A plan. The right specialist.
Here's your three-move prescription:
1️⃣ Pick up locums shifts — unlock CME travel and professional deductions.
2️⃣ Own a practice? Get an accountable plan — reimburse business expenses tax-free.
3️⃣ Learn the One Big Beautiful Bill Act — it reshapes itemized deductions in a major way for high-income physicians who plan around it.
The tax code isn't the problem. Not knowing it is.
🩺 Doctor, dentist, or healthcare professional ready to stop overpaying the IRS? Grab your free consultation today.
🔗 linktr.ee/drtaxtor

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