Category: Featured

Many CRNA S-Corp owners do not set up an accountable plan, which can lead to missed tax savings.  An accountable plan allows your S-Corp to reimburse you for business expenses tax-free instead of treating those payments as taxable income. Without it, your S-Corp may treat reimbursements as wages, increasing both income and payroll taxes. Setting… Continue reading Should Your CRNA S-Corp Reimburse You? Understanding Accountable Plans in 2026 

For high-income locum tenens operating through an S corporation, determining a reasonable salary for S-Corp locum tenens (CRNA and Physicians) is one of the most important tax decisions you will make. It affects payroll taxes, distribution strategy, and audit exposure. The IRS says an S corporation must pay reasonable compensation to a shareholder-employee for services performed before making non-wage distributions. … Continue reading Reasonable Salary for S-Corp Locum Tenens (CRNAs & Physicians): How Much Should You Pay Yourself in 2026

Audit triggers for 1099 healthcare professionals are becoming more important to understand as independent healthcare contractors earn higher income through contract work. CRNAs, locum tenens physicians, nurse practitioners, and other specialists frequently operate as 1099 independent contractors rather than W-2 employees.  This structure provides flexibility and tax planning opportunities. However, it also introduces additional reporting complexity.  Certain patterns in tax filings may receive additional review from IRS automated… Continue reading Audit Triggers for High-Income 1099 Healthcare Professionals

CRNAs and nurse practitioners often earn high income across multiple states; however, many assume they only owe state tax where they live. That assumption creates a serious risk.  Consider this scenario:  Texas has no state income tax. However, California and New York aggressively enforce nonresident filing requirements. As a result, you may owe tax in both states, even if… Continue reading CRNAs & Nurse Practitioners: When Do You Owe State Income Tax?

For many 1099 healthcare professionals, March 15 is more than just another date on the calendar. It is the key deadline for electing S-Corporation status, a decision that can influence taxes, cash flow, and administrative responsibilities for the entire year. While an S-Corp election can create meaningful tax savings in the right situation, it is… Continue reading March 15 S-Corp Election Deadline

Travel nurses and CRNAs often work in multiple states throughout the year. While that flexibility can create professional opportunities, it also creates tax complexity. Multi-state income reporting requires careful documentation, clear recordkeeping, and an understanding of where and how income must be reported.  If you worked assignments across state lines this year, preparing early for the tax season can… Continue reading Multi-State Tax Filing for Travel Nurses and CRNAs

Tax season can feel overwhelming for CRNAs working as 1099 contractors. Unlike W-2 employees, self-employed CRNAs are responsible for tracking income, managing expenses, making estimated tax payments, and filing accurate returns without the help of an employer’s payroll department. A clear checklist can make tax season far more manageable. By preparing early and reviewing each step carefully, CRNAs can reduce the… Continue reading Tax Season Checklist for CRNAs

There is a new way to save for your child’s future! The Internal Revenue Service (IRS) just released a guidance on the new “Trump Accounts”, which is a new type of retirement savings account for qualified children. Here is a breakdown of what families need to know. What is a Trump Account and Who Can Have One?  A Trump Account is a new type of traditional… Continue reading The New Trump Accounts for Children: What Families Need to Know 

Saving for retirement gets more flexible in 2026 thanks to the updated retirement plan limits from the Internal Revenue Service (IRS). Here’s a breakdown of the changes:   Higher Contribution Limits  Higher Income Phase-Out Ranges  More people can fully deduct their IRA contributions since the IRS also updated the MAGI (Modified Adjusted Gross Income) phase-out ranges for 2026. These ranges affect whether taxpayers can deduct their traditional IRA contributions.   The IRS also increased the MAGI phase-out… Continue reading IRS Raises the Retirement Limits for 2026: What You Need to Know 

If you took out a car loan in 2025, you could be eligible for a new tax break under the One Big Beautiful Bill (OBBB).  Under Section 70203 of the OBBB, individuals can claim a new “above the line” deduction for interest paid on qualified personal auto loans. This means that you can still claim this… Continue reading How to Save on Taxes with Section 70203 Interest on Vehicle Loan Deduction