janss.cpa Insights https://janss.tax/insights Notes from the operator's chair on physician tax, practice finance, and small business. By Brent Janss, CPA. en-us Phantom income: why your surgery center K-1 can cost more than it paid you https://janss.tax/insights/k1-phantom-income https://janss.tax/insights/k1-phantom-income Tue, 13 Oct 2026 12:00:00 -0500 Partnership income is taxed when it is earned, not when it is distributed. Here is how to see the bill coming.