Part two of our look at abusive tax planning schemes that are heavily promoted doctors at year-end. We examine specific schemes to avoid, including those that the I.R.S. is making a special effort to crack down on.

Specific tax fraud traps physicians should avoid

Topics

, JD, MBA, advises clients on compliance and transactions in healthcare, cybersecurity, corporate and securities law, while representing plaintiffs in False Claims Act and Dodd-Frank whistleblower cases. She also teaches bioethics at Baylor College of Medicine in Houston. Rachel can be reached through her website, 

Articles

All the details you need before the act goes into effect on Jan. 1.

What you need to know about the No Surprises Act

, JD, has practiced law exclusively in the areas of asset protection, risk management and wealth preservation for the last 16 years. He helps protect a national client base with more than $5 billion in personal assets, including several thousand physicians. He is a contributing author to multiple books for physicians and a frequent medical conference speaker and CME presenter. 

Ready or not, office holiday parties are back this year. These are some of the risks that practice owners and leaders should manage to help ensure a stress-free holiday and a positive transition to the New Year. 

Managing office holiday party risks

is the Educational Program Director and a CERTIFIED FINANCIAL PLANNER

 at MEDIQUS Asset Advisors, Inc. He specializes in wealth management solutions

Emergency funds, retirement accounts, and more. 

2021 year-end financial planning checklist

Podcasts

Physicians Practice® spoke with Kristina Hutson, a product line developer at Availity, about surprise billing events in independent healthcare practices and what owners and administrators can do to reduce the likelihood of their occurrence. 

How to reduce surprise billing in your practice

On December 2, 2020, CMS published new provisions and exemptions related to the Stark Law (85 Fed. Reg. 77492) and HHS-OIG published new provisions and safe harbors related to the Anti-Kickback Statute (AKS) (85 Fed. Reg. 77684. 


Reminder: Important Stark Effective Date and Physician Group Practices

Research shows medical offices and clinics are vulnerable to inadvertent spread. 

Rigorous outpatient safety protocols as a best practice for infection control

Lyle Solomon has considerable litigation experience as well as substantial hands-on knowledge and expertise in legal analysis and writing. 

Since 2003, he has been a member of the State Bar of California. 

In 1998, he graduated from the University of the Pacific’s McGeorge School of Law in Sacramento, California, and now serves as a principal attorney for the 

 in California. He has contributed to publications such as Entrepreneur, All Business, US Chamber, Finance Magnates, Next Avenue, and many more.

The healthcare transparency act was recently updated. Here’s what it’s about and its potential consequences.

What physicians need to know about the Healthcare Transparency Act

Code accurately with the appropriate documentation to substantiate medical necessity.

CMS increases payments for cognitive assessments and care plan services

Basic rules to be aware of and some specific tax plans that require extreme caution and due diligence. 

Law & Malpractice

Specific tax fraud traps physicians should avoid