Tax cut signed into law ... and here are suggestions for immediate action by MDs
Article Abstract:
The Economic Recovery Tax Act of 1981 promises to benefit physicians. Medical practices will get substantial reductions in tax rates for individual incomes, capital gains tax rates, liberalization of deductions to retirement plans, and revisions in estate and gift tax rules. Actions physicians can use to take advantage of these provisions are presented.
Publication Name: American Medical News
Subject: Health
ISSN: 0001-1843
Year: 1981
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Professional corporations still viable
Article Abstract:
The Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) has lowered the limits of tax-deductible corporate retirement contributions. By 19 retirement contribution rules will be the same for incorporated and unincorporated physicians. Physicians need to analyze carefully the tax and legal implications of this law when planning their finances.
Publication Name: American Medical News
Subject: Health
ISSN: 0001-1843
Year: 1982
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Tax law to pinch pension plans
Article Abstract:
Congress has changed the distinctions concerning Keogh plans for self-employed and plans for corporate employees. Physicians are advised to consult with their financial advisors on the implications of the Tax Equity and Fiscal Responsibity Act of 1982.
Publication Name: American Medical News
Subject: Health
ISSN: 0001-1843
Year: 1982
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