Taxes Archives - Passive Income MD

Displaying 21 Posts categorized under Taxes

Journal Club 12-15-2023

Journal Club 12-15-23

Here’s Journal Club 12-15-23! Every week, I hold a JOURNAL CLUB. After filtering through the articles on the web, I present a few that impacted my life this week. Be safe and stay well! Read any interesting articles? We’d love it if you could please take a moment to share them in the comments below! […]

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Three Major Advantages to Using LLCs When Investing in Real Estate

Three Major Advantages to Using LLCs When Investing in Real Estate

Homeownership is personal.  There’s the excitement of getting the keys at closing. A sense of pride when you see your name on the deed of your first home or hang the family name on the front door.  Because of these moments, it makes sense that most investors assume they, as individuals, should be the legal […]

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Journal Club 3-25-22

Here’s Journal Club 3/25/22! Every week, I hold a JOURNAL CLUB. After filtering through the articles on the web, I present a few that impacted my life this week. Be safe and stay well! As high-income earners, are you tired of forking over your hard-earned dollars to the IRS every tax season and are wondering […]

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Business Mileage – The Holy Grail of Tax Deductions

Business Mileage – The Holy Grail of Tax Deductions

Want to make a profit for driving around town? Take a look at the business mileage deduction. Perhaps some or all of those miles can help reduce your taxes! Today’s Classic is republished from White Coat Investor. You can see the original here. Enjoy! One of my favorite tax deductions is to deduct mileage used […]

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1099 Independent Contractors Can’t Ignore These 11 Issues

As a new 1099 doctor, there are a few issues and topics that are important to know in order to be successful. Today’s Classic is republished from The White Coat Investor You can see the original here. Enjoy! Q. I think it would be great if there was a new article on becoming a new locum tenens physician, paying taxes through […]

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Home Office

Tax Deductions for a Home Office

If you’re a business owner working from a home office, you may be leaving money on the table. Here’s a rundown of the tax deductions available to you. Today’s Classic is republished from The White Coat Investor You can see the original here. Enjoy! I have been blogging for nine years and working from home that […]

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Financial Tips

10 Financial Tips for New Attending Physicians

Starting as a new attending physician is a tough job. Here are 10 financial tips for new attending physicians. Today’s Classic is republished from The Physician Philosopher You can see the original here. Enjoy! One of the most important financial moments in a young doctor’s life is the transition between finishing training and their first job. […]

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Potential Tax Benefits of Private Real Estate Investing

Potential Tax Benefits of Private Real Estate Investing

The following is a guest post by Nathan Clayberg, Assistant Vice President at MLG Capital, a private commercial real estate company. As anyone who reads this blog knows, my two favorite aspects of real estate investing are cash flow & tax savings. I asked Nathan to write up a blog post addressing how a private […]

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real estate investing

The $2500 De Minimis Safe Harbor on Business Expenses

Avoid the hassle of depreciating business expenses by taking advantage of the $2,500 de minimis safe harbor election on your taxes this year. Today’s Classic is republished from White Coat Investor. You can see the original here. Enjoy! When most people talk about the “safe harbor” they’re referring to paying enough taxes via your withholdings and […]

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Capital Gains Tax

Capital Gains Tax: An Unavoidable Reality

I firmly believe that real estate investing is one of the most effective strategies for building wealth. Not only that, but wealth through passive income. And as you might have guessed, I’m a big fan of making income as passive as possible.  Unfortunately, there is one big downside, and it comes around every April. Yes, […]

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