Forgotten Tax Deductions
It’s estimated that most dental practices overpay their taxes. We don’t want yours to be one of them! There are several deductions where your dental practice could be saving … Continued →
Can a Dentist Deduct Job Hunting Expenses? And the IRS Says…
Income Tax—Recent Graduates’ Job Search Expenses: Expenses incurred by taxpayers when searching for new employment in the same trade or business are deductible as a miscellaneous itemized deduction [IRC Sec. … Continued →
Year End Dental Tax Deduction Questions
Let’s say I show 50K in profits after everything has been paid in full, including any taxes on previous distributions. If you’re referring to income taxes they are not a … Continued →
Are Dental Lab Fees Deducible?
I’m an associate at an office. I get 40% of collection after lab fees. Can I deduct those lab fees on my tax return? The lab fees never really officially … Continued →
Tax Deduction for Donated Dental Equipment and Clothing/Uniforms
I’m considering donating a Biolase Waterlase laser to my old dental school. I spoke to my accountant and he said that since my S-Corp already took a deduction on the … Continued →