Tax planning strategies for physicians.
The development of tax reduction strategies is a critical aspect of both corporate and personal financial planning because taxes represent the largest annual expenditure for the majority of Americans. The categories of tax reduction strategies discussed include charitable-giving techniques, ways to maximize business deductions, shifting income to family members, education tax incentives, retirement planning, and small business tax considerations. One use for these tax savings is the enhancement of a corporation's capabilities to provide services to patients.
Pope
Thomas R
TR
Von Allmen School of Accountancy, University of Kentucky, Lexington, KY, USA. tpope@pop.uky.edu
Schwartz
Richard W
RW
D004651:Employment; D005190:Family; D005382:Financing, Personal; D006801:Humans; D007183:Income Tax; D010415:Pensions; D010820:Physicians / Q000191:economics*; D011216:Practice Management, Medical / Q000191:economics*; D011362:Professional Corporations / Q000191:economics; D012179:Retirement / Q000191:economics; D014481:United States