E206 Another Tax Idea For Practice Owners - Introducing, The Augusta Rule!
Anesthesia & Pain Management Success
English - July 17, 2023 16:00 - 9 minutes - 22.8 MB - ★★★★★ - 35 ratingsHealth & Fitness Business Careers anesthesia painmanagement Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: E205 A Couple Quick Announcements For The APM Community
Today we dive into a tax topic specifically tailored for private practitioners and business owners operating under S-Corps, C-Corps, or LLCs taxed as such. We explore the intriguing Augusta Rule, which derives its name from Augusta, Georgia. Historically, homeowners near Augusta National would rent out their houses during an annual tournament, generating rental income that the IRS sought to tax. The Augusta Rule is a unique provision in the tax code that allows for the tax-free rental of a personal dwelling for up to 14 days.
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