We help and represent doctors with IRS problems, such as IRS indebtedness, unfiled income tax forms, audits, and penalties.
Unfortunately, doctors are prone to have late filed or unfiled tax returns. This is likely due to the distinct aspects of the work doctors perform. Doctors often work long and irregular hours. This keeps them from following up on money matters, which includes timely filing income tax forms.
Doctors are also more likely to have outstanding tax indebtedness. This is also due to the distinct aspects of the work doctors perform. It is also due to the type of skills and training that doctors have. Doctors are rational and willing to fully understand issues before making decisions. This may result in inaction when it comes to resolving outstanding tax indebtedness. Other doctors face the opposite problem, namely, they take a wait and see approach.
Doctors are also likely to be selected for audit by the IRS. The IRS generally views doctors as being more likely to have tax troubles. These tax troubles also stem from the distinct aspects of the work doctors perform and their skills and training, but also from their tendency to prepare their own income tax forms or rely on lower-end tax preparers.
From a tax standpoint, right or wrong, doctors are defined by unfiled or late filed income tax forms, outstanding tax indebtedness, and IRS audits. There are a number of court cases and administrative rulings that demonstrate this. If you are a doctor, we can help you avoid or manage these issues.
We help doctors with unfiled or late filed income tax forms, outstanding tax indebtedness, and IRS audits. We would like to hear from you if you are a doctor and have one of these issues or are likely to have one of these issues in the future.
Please contact us to discuss your options today.