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Hey all,
So I am starting my own practice and looking to maximize my 1099 deductions. I am familiar with the basic business expenses and section 179 vehicle deductions. I wanted to see if people were familiar with or used the 'research and development' tax credit? I was at ASIPP this year and recall a presentation saying that it was something that could be used by physicians. Has anyone used this tax credit before?
So I am starting my own practice and looking to maximize my 1099 deductions. I am familiar with the basic business expenses and section 179 vehicle deductions. I wanted to see if people were familiar with or used the 'research and development' tax credit? I was at ASIPP this year and recall a presentation saying that it was something that could be used by physicians. Has anyone used this tax credit before?
