Resources
More information and resources for self-employed professionals interested in the tax savings strategy of 1099 Tax Doctor.
OUR PRICING
Our Fees are tax-deductible and includes the following services:
1099 tax doctor subscription
$495 per month
What is included:
Creation of Your Medical S Corp:
Advise on type of entity required by your state: LLC/PLLC/PC
If work is done in multiple states, advise on where entity should be formed and registered
Draft entity Articles of Incorporation
File articles with Secretary of State
Obtain EIN
File S Corp election with IRS or retroactive S Corp election if required
Advise on which type of Withholding accounts/Unemployment accounts are needed for your S Corp in your state
Setup Withholding/Unemployment insurance accounts and Federal EFTPS
Setup payroll account
Setup tax account in secure client portal
Tax Services:
Preparation of your 1040 personal federal income tax return and up to 2 state returns (FAQ: yes, this includes your spouse when filing jointly)
Preparation of your 1120 tax return for your S Corp
Preparation and filing of up to two schedule Cs for additional LLCs such as investment properties, real estate holdings, or side gigs
Annual tax projections to advise on anticipated tax owed, advising on level of reasonable salary, and calculation of retirement contributions
Access to the tax team for questions related to income tax filings and support for IRS tax notices
Calculation and optimization of 199A/QBI deduction and PTET/SALT limitation workaround
Financial Services:
Solo 401k through our fiduciary, SEC-registered wealth manager for a low 0.4% AUM. The manager files your annual 5500 and can assist with back door Roth conversions at discounted rates.
Business Services:
Changing/updating registration of your medical S Corp and Withholding accounts if you move (up to once per year)
20% discount on additional entity formation and registrations
Payroll and Bookkeeping Services:
Preparation of annual payroll, calculation of payroll tax, and submission of tax owed via bank draft
End of year W2
Quarterly payroll tax filings including state wage reports and federal 941s
Support and assistance for payroll tax notices
Preparation of balance sheet (if required for tax filing) and Profit and Loss at year end for your medical S Corp
Other Benefits:
Access to secure, cloud-based client portal for uploading and storage of 1099s, W2s, and all tax documents and tax returns - no more emailing documents to the CPA
Client portal iphone/Android app allows pictures of 1099s/tax documents to be uploaded directly to your client portal
20% discount on all other non-included tax, legal, and business services such as spouse payrolls, additional tax returns (1065s, C Corporations, etc), or legal advice/consultations with the lead tax attorney
Defined Benefit plans
A Defined Benefit Cash Balance plan can be easily added on to your tax package. The CPA team includes your Defined Benefit (DB) plan contribution numbers in your annual tax projections and works with the broker directly so you do not need to engage multiple parties separately.
Defined Benefit one-time setup fee of $1750
defined benefit annual subscription $1750
The initial Setup Fee of $1750 to issue custom plan documents includes:
+ Defined Benefit Cash Balance plan with all Third Party Administration Services
+ Annual actuary calculations
+ Schedule SB signed by licensed actuary
+ Submission of Form 5500
+ Issuance of annual plan documents
Using our DB plan allows access to have your plan managed by our fiduciary SEC-registered wealth manager, at a very discounted rate of 0.4% AUM. DB plans require careful management to obtain steady, controlled rates of return and unless you are an expert level investor, should be managed by an experienced advisor.
Additional Services Available
Insurance
We can shop for low cost term life insurance and own-occupation disability insurance for you at no cost. We also offer a credit toward your annual tax services invoice if you purchase a policy through us!
A Note on our Service Providers:
Tax Services are provided through a registered CPA who is also a JD and specializes in small business and real estate taxes, and has personally filed 3000+ S Corp returns without audit.
Solo 401ks and DB plan funds are custodied at Schwabb and plans are serviced and managed by an SEC-registered, fiduciary wealth management firm.