Doctor"s and dentist"s concise guide to tax and estate planning opportunities
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Doctor"s and dentist"s concise guide to tax and estate planning opportunities

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Published by Prentice-Hall in Englewood Cliffs, N.J .
Written in English

Subjects:

Places:

  • United States.

Subjects:

  • Physicians -- Taxation -- Law and legislation -- United States.,
  • Dentists -- Taxation -- United States.,
  • Tax planning -- United States.,
  • Estate planning -- United States.

Book details:

Edition Notes

Includes bibliographical references and index.

StatementMason J. Sacks.
Classifications
LC ClassificationsKF6369.8.P45 S2
The Physical Object
Pagination300 p. ;
Number of Pages300
ID Numbers
Open LibraryOL4413048M
ISBN 100132161761
LC Control Number79016741
OCLC/WorldCa5171308

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Book Published: Doctor's and Dentist's Concise Guide to Tax and Estate Planning Opportunities: Estate Planning for The General Practitioner (California Continuing Education of the Bar) Book Chapter Published: Inter Vivos and Testamentary Trusts: The Review of Taxation of Individuals/ Missed opportunities for legally lowering taxes costs many dentists tens of thousands of dollars. When you add all these overpayments together, over the years some doctors incur “damages” exceeding the million-dollar mark. Fortunately, tax overpayment is curable. If you’re like most dentists, you pay a lot in taxes every year.   Gain an overall review of the taxation aspects of doctors and dentists with suggestions of tax planning points of particular to those professions. Gain an overall review of the taxation aspects of doctors and dentists with suggestions of tax planning points of particular to those professions. Book . A dentist’s practical guide to dental practice valuation methods. Most dentists don’t know the current value of their dental practice. Fewer know how the industry experts (accountants, dental practice brokers, and buyers) define their dental practice valuations.

New Dentists’ Guide to Financial Independence November 1, by David Chong Yen, CFP, CA Tax planning ideas. If your associate income, after deducting expenses, is $, or more, consider setting up a dentistry professional corporation. retirement and estate planning are prominent issues. planning, retirement planning, income tax planning, and estate planning. This publication addresses each of these areas of financial planning and gives special emphasis to estate and tax planning. Guidelines for the practice of financial planning services have been promulgated by the AICPA Personal Financial Planning Section, effective July 1. Once dentists have achieved some degree of financial independence, they need to have an estate plan. Without a crystal ball, no one really knows when the need for an estate plan will become a reality. Although professional advisers aid the estate-planning process, mistakes still can occur. Some of the most common mistakes made by dentists and their advisers include the following.   Estate planning is the preparation of tasks that serve to manage an individual's asset base in the event of their incapacitation or death. The planning includes the bequest of .

Estate planning is often a way to minimize estate and inheritance taxes. But most people won’t pay those taxes. At the federal level, only very large estates are subject to estate taxes. Dentists are keenly interested in strategies to reduce income taxes, and most subscribe to at least one newsletter oriented around tax-planning topics. Ironically, there are three important-but often poorly managed or ignored-strategies that account for perhaps 80% of potential tax savings in a dental practice.   Recent tax law changes have created the need for thorough tax planning for dentists and doctors who own office buildings. This article will walk you through the maze of tax complexity to achieve the best tax outcomes for your valuable office real estate. Suppose that you’re about to build a new office at a cost of $, Visit for the latest tax and financial planning ideas from Putnam. Ten income and estate tax planning strategies for Key tax facts for Highest marginal tax rates 37% on taxable income exceeding $, for single filers ($, for couples).