The MDTAXES website (http://www.mdtaxes.com) has been up and running since 1995 and contains a thorough analysis of the tax issues relevant to healthcare professionals. The site includes a monthly newsletter, a message board monitored by the CPA members, and a variety of basic financial planning tools including a Financial APGAR test. Visitors to the site can sign up to receive their informative monthly newsletter via e-mail.
Unlike other directories of CPAs, MDTAXES grants their CPA members exclusivity by metropolitan area. This allows the members to focus on developing a healthcare niche within their CPA practices, and to keep current with all the tax breaks and pitfalls common to these professionals.
The MDTAXES Network is maintained by CPA Niche, LLC (http://www.cpaniche.com), which also maintainshttp://www.FindAGoodCPA.com, a site where taxpayers can locate and interact with CPAs and EAs who specialize in a wide variety of niches.
"In today's fast paced business environment, specializing allows CPAs to give their clients the timely information needed to help minimize their tax burden and make prudent business decisions," explains Schwartz.
The IRS wants to help parents of working children avoid the headaches and costs of preparing tax returns for their kids who won't earn enough to be taxed. All a child or college student needs to do is write the word "Exempt" in Box 7 of the Form ...
Released On: 7/5/2015
Views: 3144
There is still time to take steps to minimize your 2010 tax burden. As the year winds down, evaluate which of these strategies might make sense for you.
Released On: 11/29/2010
Views: 4067
The clock is ticking to apply for a lucrative tax credit or grant to fund biomedical research. The IRS is accepting applications now through July 21st for researchers interested in participating in the Qualified Therapeutic Discovery Project pro ...
Released On: 6/21/2010
Views: 4132
Don't let the IRS disallow your deductions just because you didn't keep a list of the items that were donated. Protect your tax deductible donations by recording your donated goods with UDoGood.
Released On: 2/20/2010
Views: 2688
Effective January 1, 2010, the income limitation preventing people from converting their IRAs and other qualified retirement accounts to a Roth IRA disappears. How can you take advantage of this opportunity while paying the least amount of taxes?
Released On: 11/29/2009
Views: 3975
With the future of social security a big question mark, and corporate pension plans on the path toward extinction, it's up to people to save as much as they can for their own retirement. Even so, the IRS has recently announced that most of the re ...
Released On: 10/28/2009
Views: 2309
Each year in November, the government bumps up the maximum social security taxes that a person can pay. For the first time in 35 years, there will be no increase to the maximum social security wage base.
Released On: 10/19/2009
Views: 4029
The MDTAXES Network is an affiliation of CPAs who specialize in the tax and accounting issues affecting physicians, dentists, and psychologists and their practices.
Released On: 7/31/2009
Views: 2859
While Social Security and Medicare taxes are generally withheld from the salaries of non-government employees, those trainees classified as "student employees" are exempt from this 7.65% tax. The FICA rebate would put approximately $3,800 per eac ...
Released On: 7/27/2009
Views: 2201
The housing market stinks. And the decreased home values continue to wreak havoc on the credit markets. In an attempt to entice new homeowners into the market, the government instituted a tax credit of up to $8,000 for first-time homebuyers.
Released On: 7/1/2009
Views: 2584
President Obama views EHR as a key ingredient to controlling health care costs without reducing the current level of care. By providing a $44k subsidy to physicians who implement EHR, Obama hopes to see the medical community finally embrace Elec ...
Released On: 6/19/2009
Views: 2288
Starting January 1, 2009 you can claim a tax credit equal to 30% of the first $5,000 spent on high-efficiency heat pumps, air conditioners, and water heaters, or energy-efficient windows, doors, insulation materials, and certain roofs. You can al ...
Released On: 5/31/2009
Views: 2922
When you convert an IRA or other qualified retirement account to a Roth IRA, you take money that is growing tax deferred and turn it into Roth money that grows tax-free. The downside to converting is that you most likely will owe some taxes on t ...
Released On: 5/7/2009
Views: 1967
Besides the Fourth of July or perhaps Cinco de Mayo, few dates carry the cache of April 15th. With April 15th quickly approaching, now's the time to either file your tax returns or submit an extension request with the IRS.
Released On: 3/30/2009
Views: 2130
Tax planning is a year round process. Even so, there are still steps you can take as the year winds down to minimize your tax burden. Make sure not to overlook possible tax changes to be enacted in 2009 when Obama takes office and the Democrats ...
Released On: 12/7/2008
Views: 2410
With the future of social security a big question mark, and corporate pension plans on the path toward extinction, it's up to people to save as much as they can for their own retirement. The IRS has recently announced that most of the retirement ...
Released On: 11/2/2008
Views: 3979
With bank failures on the rise, individuals with deposits in excess of FDIC limits have a variety of tax breaks available to them in the event that one of their banks should fail.
Released On: 7/28/2008
Views: 1896
With cumulative sales of 58,872 hybrid vehicles, the allowable credit for Honda hybrids is on track to be cut in half on January 1, 2008 and then will be fully phased out on December 31, 2008.
Released On: 9/14/2007
Views: 1307