I was wondering if there were any good resources/books/links etc on basics of tax code. My wife and I are both w2 physicians currently, but next year she will be making partner in her anesthesia practice. Apparently the group (about 12 MDs) all set up individual S corporations. I am going to meet with their groups CPA in the future and would like to be well educated going into this discussion. I am interested in learning how we can minimize our tax burden and live life more advantageosuly to tax code when she becomes "a business owner". I am slightly familiar with setting up home office, tracking miles, but want to learn more.
As W2 employees, we basically only can fund 401k, HSA, fund 529 to state max to save on taxes now, I assume we will have more opportunity with solo 401k/profit sharing plan in the future. Thanks
As W2 employees, we basically only can fund 401k, HSA, fund 529 to state max to save on taxes now, I assume we will have more opportunity with solo 401k/profit sharing plan in the future. Thanks
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