PODCAST: 9 Tax Saving Strategies for CRNAs with an S Corporation

With more and more CRNAs shifting to 1099, it’s time to start thinking about how to best position yourself from a tax standpoint as your finances change. Today, Jeremy Stanley, CFP® will share nine tax strategies that most S corporations can utilize each year to maximize their earnings and minimize what they owe.

Check it out the full conversation at the top of the page and use the timestamps to help you navigate through the many topics we discussed.

2:36 – Background on our topic

3:40 – Reasons for not being S corporation  

5:40 – Strategy #1: Taking money out as distributions

7:49 – Strategy #2: Deduct health insurance premiums.  

9:22 – Strategy #3: Employee your children

12:40 – Strategy #4: Reimbursement of home office expenses

13:36 – Strategy #5: Rent your home to your S corp

15:41 – Strategy #6: Reimburse you for depreciating expenses

17:13 – Strategy #7: Vehicle deductions

20:57 – Strategy #8: Reimbursement of travel expenses

23:49 – Strategy #9: Cell phone expenses  

26:23 – Final thoughts

Investment Advice offered through Private Advisor Group, LLC, a Registered Investment Advisor