Medical Legal Professionals
Tax strategy for physicians, dentists, and attorneys who own their practice or invest in real estate.
AE Tax Advisors works with practice owners and professional-services firm partners to design proactive, compliant tax strategies that reduce overall tax liability. Many of these clients also hold short-term or long-term rentals, and the plan coordinates the practice entity with the property portfolio. Our advisory process is built for owners billing $500K or more who need more than basic tax preparation.
Our Approach
We start with a comprehensive 3-Year Tax Lookback to identify missed opportunities, then build a forward-looking plan tailored to your specific income, investments, and goals.
Frequently Asked Questions
Should I operate as an S-corp or stay as an employee?
Depends on income level, business structure, and goals. S-corp election can save $15K-$100K+ annually on self-employment/FICA taxes.
How much self-employment tax can I save?
Maximum saving is 15.3% on reasonable net earnings above reasonable salary. With proper planning, physicians and attorneys often save $20K-$200K+ annually.
Can I deduct continuing education and conferences?
Yes, but the deduction has been limited. We ensure you capture all allowable professional development and licensing costs.
What about student loan interest and forgiveness?
Student loan interest deduction phases out at higher incomes. Some programs offer tax-free forgiveness. We analyze your best strategy.
How do I handle multi-practice situations?
If you're a partner in multiple practices or locum tenens work, proper allocation and timing can significantly reduce taxes.