Many physicians have just filed their 2018 tax returns – if they filed on extension – but it is already time to take steps to reduce the 2019 tax bill. In fact, year-end planning is important because many tax tactics cannot be implemented for the current tax year after Dec. 31.

Most provisions of the Tax Cuts and Jobs Act (TCJA) went into effect in 2018, so you probably have some understanding of how the new tax law impacted you and will continue to affect you for the 2019 tax year and beyond.