DENTAL PRACTICE
TRANSITION ARTICLES:
IRS

Perils for Practice Transition: Double Taxation of Goodwill

Tuesday, January 25th, 2011 by Paul Rang

For most dental practices, goodwill constitutes the largest component of the practice’s value. A mistake in handling goodwill could cost you thousands or even tens of thousands of dollars in unnecessary taxes when you sell your practice. Giving Uncle Sam your hard-earned money in the form of unnecessary taxes is a costly mistake at any…

Consider Taxes When Negotiating

Wednesday, December 22nd, 2010 by Keith White

We all know that DEATH AND TAXES are the only two certainties in life. We also know that when you sell a dental practice, chances are you are going to have to pay income taxes on the sale. What may come as a surprise is that the amount of taxes due can vary widely depending…

A TAXing Decision

Tuesday, November 9th, 2010 by Paul Rang

For those of you who practice as C-corporations, the sale of your practice results in a double tax; 35% at the corporate level and 15% at the individual level. Since 1998, advisors have relied on several favorable tax court rulings to minimize this double tax by taking the position that your goodwill is personal to…

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