A few tax updates
IRS Disallows Wages Paid to Children The taxpayer, a mother of three young children, maintained a law practice as a sole proprietor. During summer school breaks, the taxpayer brought her... Read More >
It’s Tax Time – What You Should Know about Children with Investment Income
Special tax rules may apply to some children who receive investment income. The rules may affect the amount of tax and how to report the income. Here are five important... Read More >
IRS Publishes Guidance for Household Employers on Taxes
If you are a physician with an household employee help, the IRS has released Publication rev. , Household Employer s Tax Guide, for use in , discussing how to determine... Read More >
2016 Standard IRS Mileage Rates
Beginning on , the standard mileage rates for cars, vans, pickups, and panel trucks will be cents per mile for business miles, cents per mile for medical or moving purposes,... Read More >
Physician Deductions for Motor Home Used as Mobile Office
The taxpayer, an on-call physician, worked -hour shifts three days a month from Friday Sunday at a hospital miles from his home. He drove to the hospital in a motor... Read More >
A plastic surgeon, wire fraud, and tax evasion
An Alaskan plastic surgeon faces up to years in prison after being convicted November of tax evasion and wire fraud for hiding millions of dollars worth of assets in Central... Read More >
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As a top advisor to physicians, I help increase practice profits by delivering hands-on, expert medical accounting/tax support, practice counsel, and revenue-building strategies. Read More >
