Proactive Tax Strategy for Today’s Medical and Dental Professionals
If you’re a physician, psychiatrist, dentist, or healthcare professional earning six figures or more, taxes are likely your single biggest expense — and that’s exactly where we come in.
At J Scott & Associates, strategy means more than filing a return — it’s a comprehensive, membership-based approach to managing your tax position so every dollar in your practice works harder for you. We take a proactive, year-round view that aligns entity structure, deductions, benefits, and tax-advantaged savings opportunities with your broader goals.
Through our Client-First Tax Model, tax preparation is seamlessly integrated with ongoing strategy and support, ensuring you’re not just reacting in April but planning proactively throughout the year. We don’t just file returns—we file them on time, while building strategic roadmaps that turn tax efficiency into lasting freedom and opportunity.
WHAT WE DO
Articles
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Why did the IRS audit you? What to expect next
The IRS has released a few methods that they use to identify questionable returns, which may explain why some returns are selected for audit…
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What to do if you can’t afford to pay the IRS
Jenny sighed as she opened the envelope that had “Internal Revenue Service” stamped on the left corner. She was a resident of Greensboro, North Carolina, and like many others, she was struggling to cope with inflation and rising costs…
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Understand an IRS Offer in Compromise
Falling behind on your federal taxes can be a daunting experience. The IRS may aggravate the situation by imposing additional penalties and interest on an unmanageable tax debt. However, there is a potential solution…
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What you need to know about an IRS installment agreement
If you owe taxes to the IRS, you can establish an installment agreement to pay them off over an extended period of time…
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Is Cost Segregation Right for You: Real Estate Tax Strategy
Cost segregation studies have been long considered as an essential tool for real estate tax consultants. Consultants can leverage cost segregation to accelerate the depreciation of their client’s property, whether it’s a single-family home, an office building, or a retail storefront, and deduct it against their taxable income…
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The Failure to Deposit Penalty and What It Means for Employers
The Failure to Deposit Penalty applies to employers that don’t make employment tax deposits on time, in the right amount, or in the right way…
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S-Corp vs Schedule C – How You Should File
Realtors often question whether they have chosen the correct entity for their business. Most realtors begin as sole proprietors and report their business income and expenses on Schedule C. This method is suitable in the beginning, as income is generally limited. Nonetheless, their income grows with time, and soon they have a net profit of $100k.
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End of Year Tax Checklist for Realtors and Real Estate Professionals
As the year draws to a close, it’s crucial for real estate professionals to start preparing for the upcoming tax season. The IRS considers realtors as small businesses, which brings with it many opportunities but pitfalls that can be costly. Don’t let the tax season catch you off guard; follow our checklist to ensure you are well-prepared for tax planning. By doing so, you can avoid overpaying the IRS and maximize your profits
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IRS Ends Pandemic Collection Pause in 2024
Are you aware that starting in January, the IRS will begin sending automated collection notices and letters to individuals, businesses, tax-exempt organizations, trusts, and estates with tax debts prior to 2022 for individuals and prior to 2023 for businesses?
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Innocent Spouse Relief – Basic Qualifications
Innocent spouse relief relieves a person from paying additional taxes if their spouse understated taxes due on their joint tax return and they didn’t know about the errors.
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Tax Levy in Greensboro, NC: The Mechanics of an IRS Tax Levy
We focus on tax related issues, including IRS audits and IRS collections in Greensboro and across the Carolinas and Virgina. We deal with taxpayers who have fallen into the IRS Collection Division’s inventory and are dealing with federal tax levies by the Internal Revenue Service (“IRS”). A question that comes up often is what can the IRS seize?
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Trust Fund Recovery Penalty – Greensboro, NC
To encourage prompt payment of withheld income and employment taxes, including social security taxes, railroad retirement taxes, or collected excise taxes, Congress passed a law that provides for the Trust Fund Recover Penalty (TFRP).
