How Doctors Pay Less in Taxes (Legally): LLC, PLLC, PC, S-Corp, C-Corp- What Every Physician Should Know with Carly Carlson, CPA and Riyad Fares, MD
Release Date: 01/19/2026
How Doctors Pay Less in Taxes (Legally): LLC, PLLC, PC, S-Corp, C-Corp- What Every Physician Should Know with Carly Carlson, CPA and Riyad Fares, MD
The New Healthcare
Most doctors are overpaying in taxes—not because they earn too much, but because no one ever taught us how the business side of medicine works. LLC. PLLC. PC. S-Corp. C-Corp. These aren’t just letters. They can mean tens of thousands of dollars per year—legally—depending on how you practice. 🎙️ New episode: How Doctors Pay Less in Taxes (Legally): LLC, PLLC, PC, S-Corp, C-Corp—What Every Physician Should Know Whether you’re: • Employed W-2 • Moonlighting • Starting a side hustle • Building a concierge, DPC, or telehealth practice • Or just tired of feeling...
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info_outlineMost doctors are overpaying in taxes—not because they earn too much,
but because no one ever taught us how the business side of medicine works.
LLC.
PLLC.
PC.
S-Corp.
C-Corp.
These aren’t just letters.
They can mean tens of thousands of dollars per year—legally—depending on how you practice.
🎙️ New episode:
How Doctors Pay Less in Taxes (Legally): LLC, PLLC, PC, S-Corp, C-Corp—What Every Physician Should Know
Whether you’re:
• Employed W-2
• Moonlighting
• Starting a side hustle
• Building a concierge, DPC, or telehealth practice
• Or just tired of feeling financially clueless
This episode is for you.
👉 Listen now. Your future self will thank you.
Summary
- In this episode of 'The New Healthcare,' host Adama Diarra and feature Dr Riyad Fares, MD. In this episode we interview Carly Carlson, a CPA and co-host of the podcast 'Retirement Redefined.' Carly shares her extensive experience in public accounting, particularly in advising medical and dental practices on tax strategies and entity structures. The conversation delves into the complexities of choosing the right business entity, such as LLCs, PCs, and S-Corps, and how these choices impact liability protection and tax obligations. Carly emphasizes the importance of planning for future growth and the potential pitfalls of selecting an entity based solely on current circumstances.
- Throughout our discussion, Carly provides Dr Diarra and Dr Fares valuable insights into tax-saving strategies for healthcare professionals, including the benefits of S-Corps in minimizing self-employment taxes. She also highlights common misconceptions about tax deductions, explaining that not all write-offs result in dollar-for-dollar savings. The episode concludes with practical advice for physicians considering private practice, stressing the need for collaboration between accountants, attorneys, and financial advisors to ensure a well-rounded approach to business management and tax planning.
Chapters
00:00 Introduction to Carly Carlson
01:27 Understanding Business Entities: LLCs, PCs, and S-Corps
09:41 Tax Strategies for Healthcare Professionals
26:54 Practical Advice for Starting a Practice
47:13 Common Tax Misconceptions and Deductions