In prior articles in this publication, this author addressed a federal tax issue faced by practice entities- the possible attack by the Internal Revenue Service (IRS) on a common practice of incorporated medical and other...more
Physicians who are involved in the financial management of their practices are all too familiar with the year-end scramble to “zero out” the corporation’s profits. Under this technique, a physician practice that is structured...more
Restrictions on Fees Permitted under HIPAA for Copies of Medical Records -
When health care providers provide copies of medical records to an individual patient or to third parties at the direction of that individual...more
10/10/2016
/ C-Corporation ,
Corporate Bonuses ,
Dividends ,
Fees ,
Health Care Providers ,
Health Insurance Portability and Accountability Act (HIPAA) ,
Medical Records ,
OCR ,
Physicians ,
Professional Services Companies ,
Safe Harbors ,
Shareholder Distributions ,
Tax Court ,
Year-End Tax Planning
The Bipartisan Budget Act of 2015 (the “BBA”), which was signed into law in November 2015, contains significant changes to the way the IRS will audit partnerships beginning in 2018. These changes will also have far ranging...more
6/10/2016
/ Audits ,
Bipartisan Budget ,
Business Taxes ,
C-Corporation ,
Health Care Providers ,
IRS ,
Limited Liability Company (LLC) ,
Partnerships ,
S-Corporation ,
TEFRA ,
Treasury