Wrangling With Write Offs: Article by Steve Kaufman and Casey Crafton
Offit Kurman attorney Steve Kaufman co-authors the column Wrangling with Write Offs: Benco Dental Incisal Edge Legal Column and discusses the upcoming changes to tax and health care laws affecting dentists.
Exerpt:
Since our first column, we have received many great questions. Thanks to all, and keep the questions coming. A popular, repeated topic in questions from readers has been the effect new tax and healthcare laws may have on your practices. So, we selected two tax questions for today—one about a law that can greatly benefit dentists, and the other about a headache and potential accounting nightmare. The good news is a law providing favorable tax treatment for the purchase of equipment in tax year 2010. So, if you are planning on buying equipment soon, buy now. The bad news is a law change that will require reporting many of your everyday practice purchases to the IRS. Here are the details.
Read the full article at:
http://www.benco.com/About/News/Wrangling_with_Write_Offs__Benco_Dental_Incisal_Edge_Legal_Column.aspx