The MoneyMindsetMD Podcast

Why You’re Overpaying in Taxes (and How to Stop!) with Taiwo Agbaje, CPA

Dr. Temi Season 3 Episode 33

Hey MoneyMindset Tribe! Season 3 is here, and we’re kicking things off with an episode you can’t afford to miss—literally. 

If there’s one thing that will have high-income earners like us running in the opposite direction, it’s TAXES. But what if I told you that you’re probably overpaying—by a LOT—simply because you don’t know what you don’t know? It’s that time of year when the IRS is knocking, and if you’re not prepared, you might be leaving thousands of dollars on the table. That’s why I brought in my girl, Taiwo Agbaje, CPA, to break down tax strategy in a way that makes sense for doctors, business owners, and real estate investors who are DONE leaving money on the table.

In this episode, Taiwo and I get real about why so many physicians unknowingly overpay in taxes and how you can legally and strategically slash your tax bill. We’re talking about the differences between 1099 and W-2 income (and how to optimize both), how setting up an LLC or S-Corp can work in your favor, and why tax planning isn’t just for billionaires—it’s for YOU.

We also dive into real estate investing and how it can be a game-changer for tax savings. You’ll learn why some doctors miss out on these benefits and how to position yourself (or your spouse!) to qualify for massive deductions. Plus, Taiwo drops gems on why picking the right CPA is just as important as picking the right investment strategy. Hint: If your CPA only talks to you once a year, they’re probably costing you thousands!

This episode is packed with actionable insights that will help you keep more of your hard-earned money while building real wealth. If you’re tired of watching a chunk of your paycheck disappear into taxes and want to learn how to make the system work FOR you, this is the episode you can’t afford to skip.

Let’s talk strategy, tax savings, and how to build wealth beyond clinical income. Hit play and get ready to take notes—because this conversation is about to change the way you think about taxes forever!


Follow Taiwo Agbaje on Instagram: @thetaxmonarch

Follow Taiwo Agbaje on LinkedIn: Taiwo Agbaje

Visit Taiwo Agbaje’s Website here: tracpallc.com

Let’s Connect

Dr. Temi
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Disclaimer

The views and opinions shared by our guests on The MoneyMindsetMD Podcast are their own and do not necessarily reflect the views of Dr. Temi or The MoneyMindsetMD brand. While we trust and value the insight of the experts we bring on the show, this content is intended for informational and educational purposes only. Please do your own due diligence and seek personalized advice from licensed professionals before making financial, legal, investment, or medical decisions. Your financial wellness is important—make informed choices that align with your goals and values.

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