Streamlined Tax Preparation
Tax Returns
Managing tax returns can be a complicated process for physicians with diverse income sources like W-2, 1099, and practice earnings.
At Physicians Thrive, we simplify tax preparation by delivering accurate, efficient, and tailored tax return services.
Our team ensures every deduction is applied, income is reported correctly, and compliance with federal and state laws is guaranteed—allowing you to maximize savings and minimize stress during tax season.
How It Works
We make tax filing seamless with a physician-focused approach:
- Comprehensive Assessment: We start by gathering all relevant income, expense, and tax documents. This includes physician-specific details like CME costs, licensing fees, and moonlighting income.
- Maximized Deductions: Our experts analyze your professional expenses and business income to uncover all eligible deductions and credits, ensuring you pay only what’s required.
- Accurate Filing: We prepare and file federal, state, and business tax returns with a focus on accuracy and efficiency, safeguarding against audits.
- Post-Filing Review: After filing, we provide guidance for future tax optimization strategies, including how to lower next year’s liability.
At Physicians Thrive, our physician-specific expertise guarantees that your tax returns are compliant, accurate, and optimized to keep more money in your pocket. Let us take the stress out of tax season.
Physician-Specific Expertise
We specialize in addressing the unique tax complexities faced by physicians, such as moonlighting income, practice expenses, and student loan deductions. Our tailored approach ensures no opportunity for savings is overlooked.
Comprehensive Support
From W-2 and 1099 income to practice and investment earnings, we handle all aspects of your tax returns. Whether you’re an employed physician or managing a private practice, our team ensures every form and detail is accurately completed.
Maximized Savings
We leverage every eligible deduction, including professional fees, CME expenses, equipment costs, and home office write-offs, to help reduce your overall tax liability and maximize refunds.
Frequently Asked Questions
What tax deductions are available to physicians?
Physicians can deduct expenses such as medical licensing fees, malpractice insurance premiums, CME costs, equipment purchases, home office expenses (if applicable), and travel expenses for locum tenens or other work-related duties.
Can you handle taxes for independent contractors or practice owners?
Yes. We provide specialized support for 1099 contractors and private practice owners, including business expense optimization, depreciation schedules, and multi-state filings.
hat makes Physicians Thrive different from traditional tax preparers?
We focus exclusively on physicians, ensuring our services are tailored to your career-specific tax scenarios, like managing multiple income streams, student loan interest, and practice-related write-offs.
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110,500 Physicians
…and Counting
We’ve educated and served thousands of physicians.
Our team has helped physicians in all 50 states better understand their unique financial situations.
7,000+ satisfied physicians
– Jigar Panchal
I worked with Dave Swan recently for disability insurance. Dave and his team were very professional and courteous. He was always available for questions and was overall a pleasure to work with.
– Saurabh Singhal
I couldn’t recommend Dave & Steve Stratman for contract review services more. I also further have a meeting set with Dave to discuss disability insurance and continue our discussion about financial education and planning in the upcoming weeks.
– Nick Peacock
Great company to work with, helped me set up own occupation disability insurance and were very helpful and great at explaining things along the way.
– Ealena Callender
I have been very pleased with Physician’s Thrive. Their representatives are always responsive and helpful. Michaela is pleasant and eager to help. It is great to have one reliable place to go for a wide range of services. I highly recommend them to anyone who asks.
– Doug Zaruta
Top notch all-inclusive financial planning, contract review, accounting, tax planning, and more. Dave Swan is a true professional with strong values and integrity. He and the entire team at Physician’s Thrive are trustworthy, reliable, and accessible.
– Jake Luther
Michaela provided excellent advice regarding student loan repayment, investments, and home buying when I was entering residency. I highly recommend her and this company for any physicians that are in search of financial advising.
– Colton Roessner
Michaela gave a great presentation on medical student financial literacy and making the transition from student to resident to attending physician. I would highly recommend her for anyone with financial questions about medical student loans and financial planning!
