Logan Foltz

[Logan Foltz @TaxSmartMD]

October TaxSmart MD newsletter is out 🎃

https://t.co/zLpYW4ZdBb

#PhysicianTax #TaxPlanning #PhysicianFinance

[Logan Foltz @TaxSmartMD]

First Time Abatement can remove certain IRS failure-to-file and failure-to-pay penalties.

For 1099 doctors, don’t “waste” relief on a small April balance. Meet safe harbor before 4/15 and consider using an extension payment as a buffer.

https://t.co/v2xmYfAlLq

[Logan Foltz @TaxSmartMD]

I wrote for KevinMD about 7 charitable giving strategies for physicians in 2026:

Read it here: https://t.co/nVfR2XGK3U

[Logan Foltz @TaxSmartMD]

Locums physicians: beware the 12-month tax trap.

Temporary assignments can allow deductions for lodging, airfare, mileage & meals. But once an assignment is expected to exceed 1 year, those deductions may disappear.

https://t.co/XvCLDIRnl4

[Logan Foltz @TaxSmartMD]

Should your S Corp own your vehicle?

Personally owning the vehicle and using an accountable plan often results in:
✅ Less payroll tax
✅ Less complexity
✅ Fewer tax surprises
👉 https://t.co/upAdwayfdO
#TaxPlanning #SCorp #SmallBusiness #AccountablePlan #VehicleExpenses

[Logan Foltz @TaxSmartMD]

A Section 105 medical reimbursement plan can let a sole proprietor deduct family health insurance and medical expenses through a spouse-employee plan.

But it only works in narrow situations.

https://t.co/lxzIhDAMKY

[Logan Foltz @TaxSmartMD]

Physicians who own their office building may run into a passive loss trap.

A §469 grouping election may help connect the building rental with the medical practice, but only if the ownership, control, and economic-unit facts support it.

https://t.co/E8oJJCzIjT

[Logan Foltz @TaxSmartMD]

In this month’s TaxSmart MD newsletter, I cover IRS notices, after-tax solo 401(k) contributions, why tax prep fees vary, my first White Coat Investor article, and a strange-but-true tax deduction involving a swimming pool.

https://t.co/8RdUTTn8jl

[Logan Foltz @TaxSmartMD]

Why does tax prep cost so much for physicians?

It’s often not “just entering numbers.” It’s W-2s, 1099s, K-1s, locums income, multi-state filings, rentals, business expenses, missing docs, and prior-year carryovers.

Here’s how to make it smoother:

https://t.co/VQXMRDu3xq

[Logan Foltz @TaxSmartMD]

After-tax 401(k) contributions can become especially powerful when paired with a cash balance plan.

Watch for plan document rules, Roth conversion mechanics, employee testing, related entities, 403(b) aggregation, and cash balance plan coordination.

https://t.co/3QOLzGenLY

[Logan Foltz @TaxSmartMD]

Unused 401(k) space is like unused OR time.

Once the schedule closes, you usually can’t go back and use yesterday’s empty slot.

For self-employed physicians, after-tax contributions may help fill unused Solo 401(k) space and move more dollars into Roth.

https://t.co/cQoA3nORmG

[Logan Foltz @TaxSmartMD]

Signing bonus clawback? It’s not just writing a check.
For physicians:
• Same-year repayment = simple
• Next-year repayment = §1341 comes into play
• Credit vs deduction matters
• State taxes can break the symmetry
Full breakdown:
https://t.co/UIfaO29aRc

[Logan Foltz @TaxSmartMD]

Buying a home ≠ automatic tax savings 🏡

For high earners:
• Standard deduction can wipe out the benefit
• SALT caps limit property tax deductions
• Timing (year you buy) matters a LOT
• Points can shift deductions into better years

Full breakdown:
https://t.co/OpjVrCwr3D

[Logan Foltz @TaxSmartMD]

QBI deduction isn’t just a phase-out…

It’s a DOUBLE haircut 💇‍♂️

✂️ SSTB phase-out
✂️ W-2 wage limitation
For sole props with no wages → you get hit twice

S corps: may avoid the 2nd hit

👉 The gap shrinks fast at higher income
Full breakdown:
https://t.co/46MYUOuFqF

[Logan Foltz @TaxSmartMD]

Most inheritances aren’t taxed upfront.

But inherited IRAs?
👉 They can create a 10-year income spike.

Pre-tax vs Roth vs taxable accounts
Why timing distributions matters
An inheritance isn’t just a windfall—
it’s a tax planning opportunity.

Read:
https://t.co/t4lXRVkcG7