Legal and practical healthcare information.
Originally published in Healthcare News and Healthcare Michigan In a prior article, I provided guidance for physicians and other medical professionals on how to compare the taxes payable under competing offers to join practice groups. I pointed out that these taxes will vary depending on several factors, including whether the offer includes equity ownership and …
Continue reading “Tax Implications of the Sirius Decision for Practice Group Offers”
Previously published in Healthcare News and Healthcare Michigan. Although in prior articles in this publication, I addressed tax issues faced by physicians and other practice groups, the purpose of this article is to guide physicians and other medical professionals as they compare the taxes payable by them under completing offers to join practice groups. These tax consequences will …
Continue reading “Tax Considerations in Analyzing Offers from Practice Groups”
Two recent Tax Court cases raise caution flags as to the deductibility of shareholder compensation by medical, dental and other professional practice groups organized as professional corporations (PCs) or professional associations (PAs) that are taxed as “C” corporations for federal tax purposes. In each case, on audit, the IRS sought to disallow deductions for a …
Continue reading “Caution As To Compensation Paid By Professional Corporations”