If you’re a 1099 CRNA, your income is growing — but so are your taxes.

In this episode of Money Moves for CRNAs, Randy Larkin, CPA, explains LLC tax flexibility in simple terms and why it matters so much for CRNAs working as independent contractors.

This episode builds on the last conversation where we explained why 1099 CRNAs are businesses — not just providers. Now, we take the next step and explain how your LLC gives you tax options that W-2 employees don’t have.

You’ll learn:

• How LLCs are taxed by default for 1099 CRNAs
• Why self-employment tax hits CRNAs so hard
• When an S corporation election starts to make sense
• Why LLC tax flexibility matters more as income grows
• Common tax mistakes CRNAs make when they don’t plan ahead

This episode is for CRNAs who:

• Feel anxious about taxes and quarterly payments
• Are making good money but feel unsure about structure
• Want clarity without tax jargon or sales pressure

🎧 This podcast is for educational purposes only and is not personalized tax or financial advice.

Chapters:
00:32 - Why This Episode Matters for 1099 CRNAs
01:37 - What “LLC Tax Flexibility” Really Means
02:11 - How the IRS Taxes LLCs by Default
03:14 - The S Corporation Option Explained Simply
04:03 - Can a C Corporation Ever Make Sense?
04:27 - Why Tax Strategy Should Change as Income Grows
05:59 - What’s Coming Next in the Series

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If you’re a 1099 CRNA, you’re already running a business — whether you planned to or not.

The IRS, hospitals, and courts all treat independent CRNAs like businesses. The problem? Many CRNAs go 1099 for flexibility or higher pay but keep operating like employees. That gap creates risk, higher taxes, and stress.

This episode kicks off The CRNA Business Basics Series and explains — in plain language — why an LLC matters for 1099 CRNAs.

In this episode:

• Why 1099 CRNAs are considered businesses
• The risks of working without an LLC
• How an LLC protects your personal life from business problems
• When an LLC helps with taxes (and when it doesn’t)
• Why structure = clarity, confidence, and less stress

If you’re a CRNA working independently and want to build smarter money habits, this episode is a must-listen.

Chapters:
00:00 - Introduction
00:32 - 1099 CRNA? The IRS Already Sees You as a Business
01:09 - The Biggest Misconception CRNAs Make When Going 1099
02:18 - CRNAs Work in a High-Risk Profession
03:27 - How an LLC Separates You From Your CRNA Work
04:22 - 1099 CRNA Taxes Explained Simply
05:29 - Cleaner Money, Less Stress for 1099 CRNAs
06:19 - Looking Professional as a CRNA Business Owner
06:54 - Thinking Beyond Today’s Shift (Flexibility & Future Planning)
07:23 - What an LLC Does NOT Do (Important Limits)
07:49 - Final Thoughts: You’re Already a Business Owner

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#CRNA #1099CRNA #CRNATaxes #CRNABusiness #LLCforCRNAs #CRNAFinancialPlanning #MoneyMovesForCRNAs

The U.S. House of Representatives just passed two important tax-related bills that could significantly impact 1099 CRNAs and self-employed anesthesia providers.

In this episode of Money Moves for CRNAs, we break down:

• The FAIR Act, which changes how IRS penalties must be approved
• New protections that prevent improper penalty pressure during audits
• Major updates to the U.S. Tax Court that affect small business owners
• How these changes may help CRNAs dispute IRS penalties more fairly
• Why planning before an IRS issue matters more than reacting later

If you’re a CRNA operating as an independent contractor, these updates could affect how audits, penalties, and tax disputes are handled moving forward.

Chapters:

• 00:00 - Introduction
• 00:51 - New Tax Bills Affecting the IRS
• 02:11 - FAIR Act: IRS Penalty Review
• 02:31 - IRS Audits and Supervisor Approval
• 02:59 - Written Approval for IRS Penalties
• 03:09 - How the FAIR Act Protects Taxpayers
• 04:30 - Tax Court Improvement Act
• 05:01 - Subpoenas Before Tax Court Hearings
• 05:38 - Tax Court Deadline Extensions
• 06:47 - What 1099 CRNAs Should Do Now

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#CRNATaxes #1099CRNA #IRSAudit #IRSpenalties #TaxCourt #SelfEmployedTaxes #MoneyMovesForCRNAs

If you're a 1099 CRNA, sooner or later you'll deal with a wrong 1099 or a missing 1099 — and it can be terrifying if you don’t know what to do.

In this episode of Money Moves for CRNAs, Randy breaks down why 1099 forms are often wrong, what happens when a payer forgets to send one, and how to protect yourself from IRS letters and audits.

You’ll learn:
✅ Why many payers report the WRONG income on 1099-NECs
✅ What to do when your 1099 shows money you didn’t actually receive
✅ How to handle payments that arrive in January but get reported for the prior year
✅ What to do when a 1099 never shows up
✅ How to fix the problem even if the payer refuses to correct it
✅ The IRS-approved method to reconcile incorrect 1099s
✅ The most common 1099 mistakes CRNAs make during tax season

This episode will help you stay compliant, avoid paying tax on money you never received, and keep the IRS computers happy — without stressing over payer mistakes.

💬 Question for CRNAs:
Have YOU ever received an incorrect or missing 1099? Tell us your experience in the comments!

Chapters:

• 00:00 - Introduction
• 01:33 - Common CRNA 1099 Errors
• 02:58 - What a Correct 1099-NEC Should Look Like
• 03:41 - The January Deposit Trap
• 04:51 - How IRS Mismatches Actually Trigger Audits
• 05:11 - When a 1099 Never Arrives — What It Really Means
• 06:00 - The Fastest Way to Fix a Wrong 1099-NEC
• 06:40 - Your IRS-Safe Strategy When a Payer Refuses to Fix It
• 07:13 - The Proof You MUST Save to Protect Yourself
• 07:45 - Outro

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#1099CRNA #CRNATaxes #MoneyMovesForCRNAs #TaxTips #1099NEC #CRNA #NurseAnesthetistBusiness

🎧 Episode 9 – 3 Best Free Mileage Apps for 1099 CRNAs (2025)

If you’re a 1099 CRNA, every drive to a hospital or surgery center could be a tax deduction — but only if you track it right. In this short episode, Randy Larkin from Atlanta Tax Planner reviews three of the best free mileage tracker apps for CRNAs in 2025: Everlance, MileIQ, and Stride.

💡 What You’ll Learn:
• Which mileage apps work best for CRNAs
• How to track drives accurately for tax time
• Tips for using free plans effectively

📌 Related Episodes:
• Ep. 1 – CRNA Tax Tip: How an IRS Audit Erased $36K in Deductions

Listen on your favorite podcast app:
Apple Podcasts | Spotify | Amazon Music | YouTube

More CRNA tax resources → https://CRNAtaxes.com

#CRNA #Taxes #MileageApps #1099CRNA #TaxTips #AtlantaTaxPlanner

Chapters

• 00:00 - Introduction
• 01:05 - Getting Ready for Tax Season
• 01:38 - No Sponsorships, Just Honest Tools
• 02:09 - App #1: Everlance Overview
• 02:52 - App #2: MileIQ Breakdown
• 03:29 - App #3: Stride – 100% Free Option
• 04:00 - Quick Recap: Which App Fits You Best?
• 04:31 - Final Thoughts: Maximize Every Mile
• 04:41 - Outro

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If you’re a CRNA running your own S-Corp, you’ve probably heard about “reasonable compensation.” But what does it actually mean — and how do you calculate it correctly? In this episode of Money Moves for CRNAs, we break down how to pay yourself the right salary, stay IRS-compliant, and save money on taxes.

#CRNA #SCorp #ReasonableCompensation #TaxTips #MoneyMovesForCRNAs

Chapters:

• 00:00 – Introduction
• 01:04 – What is reasonable compensation?
• 02:00 – Why It Matters: IRS Focus & Risk
• 02:30 – The Silver Lining: Financial Planning Benefits
• 02:53 – How to Figure Out a Reasonable Salary
• 04:10 – Real CRNA Example & Documentation
• 05:38 – Consequences of Getting It Wrong
• 06:28 – Compliance Checklist
• 07:17 – Wrap Up

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Down markets don’t have to mean lost money — they can mean massive opportunity. This episode breaks down “Play Three” of your CRNA Roth IRA strategy: converting during downturns for tax-free rebounds. Randy Larkin walks you through how S-Corp CRNAs can cut taxes in peak years, leverage senior deductions, and use market dips to grow wealth faster. Get the full game plan for turning taxes into long-term freedom.

Chapters:

• 00:00 - Introduction
• 00:18 - Recap: Cutting Taxes and Building a Roth Strategy
• 00:32 - Today's Topic: Turning Market Dips into Opportunity
• 01:00 - Play Three: Use Market Drops
• 02:21 - Why CRNAs Win Bigger with This Strategy
• 03:38 - Your Three-Part CRNA Tax Playbook
• 05:00 - Full CRNA Roth IRA Strategy Recap

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Taxes don’t have to be a burden — they can be your biggest advantage if you know the right moves. In this episode, we dive into practical strategies tailored for CRNAs working as 1099 contractors through S-corps. Discover how to optimize your income with Solo 401(k)s, take advantage of Roth conversion windows (including the short-lived senior deduction), and seize downturns as tax-free growth opportunities. This is your roadmap to financial freedom and control in retirement.

Chapters:

• 00:00 – Introduction
• 00:34 – Last episode recap
• 00:51 – How S-Corps turn taxes into opportunities
• 01:24 – Why taxes don’t have to hurt anymore
• 02:54 – Play One: Save thousands with a Solo 401(k)
• 05:00 – Play Two: Convert to Roth at lower tax rates
• 07:07 - Closing

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