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New IRS Rules Nix Tax Break For Firing/Rehiring Your Associate As Independent Contractor

Congress added a new tax break for dental practice owners, but not employees. We urged doctors to resist advice to fire their associates and then re-hire them as independent contractors to qualify for this new tax break. Recently issued IRS regulations confirm our recommendation, but leave open another strategy to achieve the same result. 

Late last year, Congress passed the new tax law including...

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