Kenny Kim, MD, MS Tax, EA

Home
United States
San Francisco, CA
Kenny Kim, MD, MS Tax, EA

ER doc turned tax strategist. I help physicians work less and keep the same income. drtaxtor.com

09/03/2026

Your rental threw off a $20,000 loss — and your tax bill didn't move a dollar. Here's why. 🏠

The IRS splits income into two buckets: non-passive (your W-2, 1099, interest) and passive (rental real estate). And passive losses generally can't cross over to offset your non-passive income — so they get suspended and carried forward, losing value to inflation every year. Check Form 8582; that's your locked-up loss pile.

There are only three ways to free them — and turning on real estate professional status in year five won't unlock years one through four.

Sitting on suspended losses and not sure how to free them? Book a free consult → linktr.ee/drtaxtor

09/02/2026

A few years ago my wife asked me a question that changed my finances.

I had been spending all my free time studying real estate. Touring houses. Walking neighborhoods. Running numbers on deals I had no intention of buying.

She finally said: "You spend so much time doing this anyway. Why don't you get paid for it?"

Fair point.

So I got my real estate license in 2020.

First year, I lost money. Turns out "I really like looking at houses" is not a business plan.

But I kept going. Started a tax practice two years later. Went back to school for tax law while still working clinical shifts.

Today I practice medicine three days a week instead of full time — and I have more control over my life than I did when I was earning every dollar from a paycheck.

I wrote the whole story out, including the tax rules that actually make this work and the ones that quietly ruin it for people who don't know they exist.

Full article in the comment.

Any other physicians out there building something on the side? Curious what you're working on.

08/31/2026

One blank checkbox on Form 8995-A. 🩺
Physicians are an SSTB — so above the threshold, your QBI deduction phases out. If your preparer leaves that box unchecked, the software hands you a deduction you may not be entitled to.
Free deduction? No. It's a mismatch the IRS can flag.
Part I, line 1, box (b). Ten seconds before you sign.
Want to work with me? Book a free consultation → linktr.ee/drtaxtor

08/27/2026

He paid himself $24K on ~$200K of profit. The court said $91K. 🧾
That's reasonable compensation — one of the most examined numbers on a physician S-corp return.
Too high costs a few points at the margin. Too low costs back taxes, penalties, and interest on everything.
Those risks are not equal.
Want to work with me? Book a free consultation → linktr.ee/drtaxtor

08/25/2026

Physician Tax Course — coming! 🎓
I'm a physician turned Enrolled Agent. Master's in taxation, 1,000+ days of study — because a third of my first attending paycheck disappeared and nobody could explain why.
Inside: 1099 income, S-corp elections, rental portfolios, LLCs, side gigs.
Tell me what to build first → https://forms.gle/vztsv6Hd7EhykZuKA

08/24/2026

His return said his basis was zero. It was actually $200,000. 😳
That one number would've taxed him twice on money he'd already paid tax on — about $50K.
Ten years of returns rebuilt, phantom gain erased.
Before you sell anything valuable, get your basis checked.
Want to work with me? Book a free consultation → linktr.ee/drtaxtor

Address

870 Market Street Suite 1012A
San Francisco, CA
94102

Telephone

+13417661247

Website

http://DrTaxtor.com/

Alerts

Be the first to know and let us send you an email when Kenny Kim, MD, MS Tax, EA posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.