Tax Debt Solutions for Doctors Part 2
According to Federal tax law, doctors are required like all professions and businesses to keep track of day-to-day expenses, report income, and pay taxes when they are due. Doctors who also have medical practices are required to file and pay quarterly 940 and 941 payroll taxes. Similar to every other business and profession, when doctors […]
Tax Debt Solutions for Doctors Part 1
Like all other professions and businesses, Federal tax law requires doctors to report income, track day-to-day expenses, and remit taxes when they are due. Doctors who also have medical practices are required to file and pay quarterly 940 and 941 payroll taxes. When doctors don’t pay their taxes, similar to all other businesses and professions, […]