One of the many financial challenges recent grads face is understanding the complexity of tax deductible business expenses. These tax deductible expenses are available to associate dentists paid as 1099 independent contractors (ICs). You must incur allowable business expenses and complete IRS Schedule C to deduct from gross income. The Tax Cuts and Jobs Act of 2017 eliminated unreimbursed business expenses paid by W2 associates. The following list is not exhaustive, but int

As many of you have come to realize, planning and investing for retirement falls squarely on your shoulders. This is particularly true for dentists as fewer and fewer associate positions, with the possible exception of corporate dentistry, have any benefits available to them. This article in intended to identify some retirement vehicles you should consider when paid as 1099 independent contractor(IC) or you have formed a single member/shareholder entity with one employee (