Tag: medical practice management
SR Client Question: Do I issue a Form 1099 to a law firm collecting fees for my medical practice?
When a medical practice or another business hires a law firm or third party on a contingent basis to collect overdue fees or invoices, it triggers obligations under two distinct sections of the tax code. If the law firm or...
Recent tax case related to income from surgical center
In Stephen P. Hardy and Angela M. Hardy v. Commissioner, the U.S. Tax Court found that Dr. Stephen P. Hardy, a plastic surgeon who owned a minority interest in a surgical center, was allowed to treat his income from the surgical...