What Is Tax Basis and Why Is It Important for My S-Corporation?

As a shareholder in an S corporation, you need to understand your tax basis—especially if you want to deduct business losses on your individual tax return. Many medical professionals operating through S-Corps assume their accountant will handle all the details, but overlooking tax basis can lead to missed deductions and unintended tax consequences. In this […]

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Why Real Estate Syndications May Not Offer Immediate Tax Benefits

Real estate syndications are a popular investment vehicle for high-income professionals looking to diversify their portfolios. They offer access to the advantages of real estate ownership without the burden of direct property management.  These investments offer meaningful long-term income potential, but a common misconception among first-time investors is that real estate syndications provide immediate tax

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How Physicians Can Write Off Vacations as Business Trips with Virtual Continuing Education

Blending business with leisure can be an enticing opportunity for busy physicians and medical professionals. With the flexibility of virtual continuing education (CE) courses, you can attend professional training while enjoying a vacation—and potentially write off a portion of your expenses as business-related. However, this strategy requires careful planning and a thorough understanding of IRS

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The S-Corp is the Wrong Entity Structure for your Real Estate Investments

At Cerebral Tax Advisors, we have often found that medical professionals love to invest in real estate since it is an excellent way to generate a return on investment, diversify your portfolio, and take advantage of tax write-offs. At first glance, it might seem advantageous to do so through an S-Corporation (S-Corp)—a structure known for

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