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Tag Archives: IRS
COST OF MEDICAL DEVICES TO INCREASE JAN.1 – PT.1
Owners of medical and dental practices beware! Due to a provision included in the Affordable Care Act, the cost of medical devices is set to increase by 2.3% on January 1, 2013. Called an Excise Tax, manufacturers are required to … Continue reading
HOW LONG DO YOU NEED TO KEEP YOUR TAX RECORDS?
At my firm, we get this question all the time: “How long do I need to keep my tax records?” Here is the IRS answer to this question: Well organized records make it easier to prepare a tax return and … Continue reading
IRS: Job Search Expenses Can Be Tax Deductible
Many healthcare professionals work based on the Academic Calendar. That means that a lot of Doctors switch jobs over the summer. According to our friends at the IRS in their IRS Summertime Tax Tip 2012-06: Summertime is the season that … Continue reading