Dental Articles

• Article First Published on Aftco.net

There were three dental specialists working together in a group practice in the Northeastern section of the U.S. The practice was well run and extremely profitable (providing approximately $900,000 of annual income to each of its stockholders).

Their accountant had formed their corporation and allowed it to remain a “C” corporation rather than taking the time to file for a Sub “S” election (which would have eliminated any possible double-taxation and/or unnecessary payment of taxes that can result from operating as a “C” corporation).

 > Dental Article Provided By Aftco.net

Dr. Smith was a 47-year-old general dentist who owned a small successful solo dental practice. Dr. Smith wanted to retire at age 59 and he had retained AFTCO to help him design a plan that would allow him to retire in the next twelve years.