Kenny Kim, MD, MS Tax, EA

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

06/10/2026

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

Don't be like Dr. Gambhir. She lost to the IRS.Here's what she did and how she got into trouble.⚠️ She set up a real hom...
06/04/2026

Don't be like Dr. Gambhir. She lost to the IRS.
Here's what she did and how she got into trouble.

⚠️ She set up a real home office. Kept her receipts. Filed her return. Believed she was doing everything right.

Then the IRS said no. And every single deduction collapsed.

Dr. Gambhir was a hospitalist. Got a W-2 every year. But filed a Schedule C — like she was self-employed. Deducted her car, her cellphone, her scrubs, her 850 sq ft basement home office, her cleaning lady.

$14,000 in deductions. All of it disallowed.

Here's the part that should scare every employed physician:

She wasn't committing fraud. She wasn't being aggressive. She just put the IV in the wrong arm — and watched everything cascade from there.

W-2 vs. 1099. Home office rules. The commuting trap. It's all in episode 4 of Doc vs IRS. 🎥

👉 [YouTube link in the comment section]

If you want us to review your specific situation: https://linktr.ee/drtaxtor

06/03/2026

How Physicians Use Section 121 to Exclude Up to $500K.

06/02/2026

100% bonus depreciation is back — and this time it's permanent. Practice owners, this is a big deal. 🏥💊

Under the One Big Beautiful Bill Act, qualifying property placed in service after January 19, 2025 may be fully deducted in year one. A $300,000 CT scanner? That's $111,000 back in federal taxes at the 37% bracket. One purchase. One year.

But here's what social media leaves out:

⚠️ California doesn't follow federal bonus depreciation. Know your state rules.
⚠️ Bonus depreciation is automatic — if your income is unusually low this year, a massive automatic deduction could waste valuable savings. Sometimes a deduction tomorrow is worth more than a deduction today.

Timing the deduction correctly matters as much as taking it.🩺

Doctor, dentist, or healthcare professional ready to time your deductions right? Grab your free consultation today.
🔗 linktr.ee/drtaxtor

06/01/2026

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

05/31/2026

How Physicians Give More to Charity and Pay Less in Capital Gains: Three Trust-Based Strategies

05/30/2026

Deferral Strategies Every Physician Should Know: Four Ways to Control When the IRS Gets Paid.

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