Thinking about buying or selling a dental practice? There’s a tax rule that could seriously impact the value of the deal—and many people don’t even know it exists.
In the June issue of Dentists’ Quarterly by the New York County Dental Society, William Barrett, CEO and Co-Chair of the firm’s National Dental Law Group, and Philip Mackson, Counsel in the firm’s Corporate and Dental Law Practice Groups, break down Section 197 of the IRS Code and explain how it can affect dental transactions, especially when rollover equity is involved.
Their article, “A Churning Question – Section 197 and Dental Transactions,” makes a complex topic easier to understand and highlights what dentists should watch out for in deal negotiations.
Check out pages 8-9 for their full article here: https://bit.ly/43XBt63
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