Many doctors have household employees who do not want taxes withheld or income reported to the government. We know of many instances where the employee threatened to quit if taxes were withheld. A problem arises when
IRS Regulations Clarify When Rental Properties DO and DON’T Qualify For The New 20% Tax Deduction Under Section 199A: The long-awaited regs that were issued this past August contain both good and bad news.
Be Cautious About Salespeople Who Train Dentists To Establish Their Own Dental Support Organizations (DSOs) In The Hopes Of One Day Selling Their Mini Dental Empires To A Private Equity Firm: The idea is that you first pay to attend a seminar where
If You Make A Deductible Contribution To A Traditional IRA And Forget To Deduct It On That Year's Tax Return, What's The Remedy? The problem is that when you withdraw this money in the future, it will be taxable. Therefore, it would be a shame to h
A New Federal Law Makes It Much Easier For Us To Place Credit Freezes On Our (And Our Children's) Credit Files: Unless you plan on applying for a new loan or credit card, credit freezes should be placed on
Let's say that your widowed Mother or Grandmother is living on her own in another town and is getting feeble. You pay for a woman to be her driver and help with shopping and other activities she can no longer comfortably handle. Or perhaps the wife
Are You Calling Patients At Night? The idea is simple: make a short call to every patient you operated on during the day or who you expect will be in pain. If there's going to be a problem, you'd rather
If You're In The Last Years Of Your Career, Does It Still Make Sense To Contribute To A Retirement Plan? This question came from a client who was told that it no longer made sense to contribute to his plan, since he only had
This is written in late November when the stock market, as measured by the Dow Jones Industrial Average, is 10% below its September high. In these periodic times of market turmoil, it's easy to freeze and develop the dreaded
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