Tax Planning Services for Medical Professionals

As you become increasingly successful in your career, you may experience an uptick in income and wealth. As income increases, so does the complexity and amount of time necessary to put into tax planning. Even Albert Einstein once said that “the hardest thing in the world to understand is the income tax.” 

Fortunately, we understand the intricacies of the tax system — and how savvy physicians can use it to their advantage. At Idaho Medical Association Financial Services (IMAFS), we do not personally prepare tax returns for our clients. Our role is to ensure that the tax return that you or your accountant have prepared is optimal for reducing the burden that taxes can potentially put on your savings and estate.


START THINKING ABOUT YOUR TAXES BEFORE THEY’RE DUE

Don’t make the same mistake as most Americans by putting off your income tax preparation until the very last minute. Once a tax year is over, there’s not much that you can do to reduce your taxes. Ongoing income tax planning, on the other hand, can make a major difference in your financial security.

Now may be the right time to enlist in our tax planning services if you ever find yourself asking:

Am I paying too much in taxes?

Am I doing all that I can with my income tax preparation? 

Could there be something I am missing or putting myself at risk for? 

WHY SHOULD DOCTORS ALWAYS REQUEST TAX PLANNING SERVICES?

Hardworking physicians in Ada County, Canyon County, and across the state of Idaho can reduce their taxable income by taking advantage of all the tax deductions, tax exemptions, and tax credits allowed by Congress and the IRS.

The best tax planning strategies for you will vary based on your unique financial situation. For example, we may ask you the following questions to determine if you are eligible for certain tax deductions:

Are you currently paying down your student loans?

Do you own a home with a large mortgage?

What is your retirement planning like?

Our financial advisers will expertly guide you through the options available to you and help you to spend less on taxes.

WHY CHOOSE IMAFS FOR YOUR TAX PREPARATION?

At IMAFS, we are always satisfied when our clients realize how well-prepared taxes can improve their wealth while keeping them safe. Our company charges a flat fee and never makes money due to outside commissions, so our advice is always agnostic, free of bias or personal motives. Our primary goal is to provide successful wealth management solutions for physicians that will help you protect your financial security to ensure a better future.

If you are interested in our tax planning services, which are tailor-made with Idaho doctors and surgeons in mind, please contact us today.

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About Idaho Medical Association

The Idaho Medical Association now exceeds 2,500 members of medical professionals through the state of Idaho. All of these medical professionals meet the association’s strict membership requirements. Our financial services group is uniquely skilled to provide the utmost wealth management services optimized for medical professionals like those throughout the association.


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