Related Stories

Will Tax Incentives Spur Medicaid Care? - 04/09/2019

Physicians who provide charity care are providing a service that is valuable directly to the patient and indirectly to Texas taxpayers. In outpatient settings, for example, providing good ambulatory care can prevent bad outcomes for the patient that could become costly inpatient care at taxpayer expense.


Rural FP Finds Rewards With Full-scope Training, Deep Roots - 01/04/2019

Texas physician acknowledges the hard work it takes to build a solo practice in a rural community.


When Investors Come Knocking, Physicians Should Guard Their Independence - 10/04/2018

Physicians and physician groups looking to court venture capital to finance their practices need to remember the value they bring to the deal and keep a sharp eye out for efforts to curtail their medical independence. That was the advice of two experts who kicked off the Texas Medical Association’s 2018 Fall Conference at the Dawn Duster presentation.


Why I'm Building a Solo Practice — Again - 09/27/2018

So here I am, starting over more than 30 years into practice. Has it been worth it? I'm practicing at the highest level of my training, devoting more time to each patient and making decisions based solely on what's best for patients without being beholden to a health system and its financial goals.


TMA to Lawmakers: Stop Proposed Medicare Changes - 09/18/2018

Federal lawmakers must hold hearings immediately to stop proposed changes to Medicare that would cause lasting and serious damage to the program and to health care in the United States, Texas Medical Association President Douglas Curran, MD, told two key Texas congressmen today.


Free Webinars on Practice Partnerships: Joining or Selling - 09/11/2018

To ink a contract that best serves you, the Texas Medical Association has developed two, 60-minute lunchtime webinars. Using case studies, these programs will provide a step-by-step approach for conducting a practice evaluation as well as a review of important legal and management considerations.


TMA Joins Large Coalition Backing Physician-Owned Hospitals - 06/19/2018

It looks like a controversial moratorium on expanding and building physician-owned hospitals – AKA POHs – could be repealed. That’s the good news. The better news is that a bill moving its way through Congress to put that repeal in motion has the support of more than 50 medical organizations, including the Texas Medical Association. We’re also talking about the American Association of Orthopaedic Surgeons, the American Medical Association, and multiple state medical societies.


Video: Physicians Inject Billions Into Texas Economy - 06/19/2018

Video: Doctors in the Lone Star State support more than 670,000 jobs — 13.1 jobs for each physician on average — and generated almost $118 billion in economic output, according to a new report.


Penalties, Interest on Overdue Franchise Taxes to Be Waived - 05/21/2018

The Texas Tax Amnesty Program is a chance to “wipe the slate clean” by allowing you to file overdue sales and franchise tax reports, or to amend reports, without paying penalties or interest.


Local Option Exemption from Ad Valorem Taxation for Physician Charity Care - 04/24/2018

Our research indicates that the value of charity care physicians provide is declining, primarily due to increasing costs of running a practice and reductions in payments for services they provide to patients covered by commercial insurance, Medicare, and Medicaid. As profit margins shrink, so does the physician’s ability to give away free care. Few real options are available that address this problem head-on. There is no federal tax deduction for the value of donated personal services. Texas’ franchise tax deduction for charity care, though potentially helpful to large or incorporated groups provides little or no benefit to physicians in solo practice, simple partnerships, or other small practices.


Abbott to DC: End Moratorium on Physician-Owned Hospitals - 03/02/2018

Gov. Greg Abbott weighed in recently on the Affordable Care Act’s moratorium on physician-owned hospitals, telling Texas’ Republican lawmakers in Washington to support legislation to repeal those restrictions.


Physician Ownership Overview - 03/01/2018

Physician-owned hospitals (POHs) are among the highest performing, most cost-effective, patient-preferred facilities in the nation. Yet the Affordable Care Act arbitrarily restricted their growth. The Texas Medical Association urges Congress to overturn this moratorium on POHs. Read on to learn more about the rationale and the effort behind this.


TMA Takes Physicians’ Grievances to Washington - 02/28/2018

TMA leaders and the Coalition of State Medical Societies have descended on Washington, D.C., to meet with elected officials and Centers for Medicare and Medicaid Services leadership.


Professional Development: Staff Training Never Stops - 02/28/2018

When can you check staff training off your to-do list? Never, if you want your practice to run at its best, says TMA practice consultant Yvonne Mounkhoune


Franchise Tax Issues for Physicians - 02/17/2018

Physicians and other businesses have until May 15 each year to file their state franchise tax returns or seek a filing extension without having to pay a 5-percent penalty.


Twelve Ways Tax Law Changes Will Affect Your Practice - 01/22/2018

In December, Congress approved and President Donald Trump signed the first significant update to the United States’ tax code in more than 30 years.


Physicians to Congress: Don’t Let Sequestration Scrooge Medicare - 12/11/2017

Texas physicians are urging Congress to prevent the federal Tax Cuts and Jobs Act currently being reconciled in the U.S. House and Senate from slashing Medicare.


TMA, Other States to Congress: Lift Bans on Physician-Owned Hospitals - 11/15/2017

The Affordable Care Act’s moratorium on physician-owned hospital growth has limited patients’ access to high-quality health care and unnecessarily increased costs for the Medicare program and its patients, a coalition of state medical associations told federal lawmakers last month.


Tax Fraud - 07/06/2017

A nationwide identity theft scheme is targeting physicians and leaving the Internal Revenue Service liable for hundreds of thousands of dollars in fraudulent tax refunds. As of June, more than 100 Texas Medical Association members notified the association someone had stolen their Social Security numbers and attempted to claim their tax refunds. The association has learned the crime's victims also include physician assistants, advanced practice registered nurses, dentists, podiatrists, and pharmacists. Texas is one of 49 states and the District of Columbia affected by this con.


Texas Franchise Tax Returns Due May 15 - 04/18/2017

Texas physician practices that are organized as LLPs, LLCs, PAs, or in any other corporate form are subject to the Texas franchise tax. Tax returns (or extension requests) are due May 15.


Tax Resource Center - 06/23/2016

The TMA Resource Center for Tax Information


Franchise Tax Bill Update - 06/23/2016

Update about House Bill 3, the state's new business tax.


Comptroller Offers Franchise Tax Amnesty - 06/23/2016

Haven't paid your 2012 state franchise tax yet? You have until Aug. 17 to do so and avoid penalty and interest under the State Comptroller's limited amnesty program.


Hiring Veterans Can Give Physician Practices Tax Advantages - 06/23/2016

If you’ve recently hired — or will hire this year — a veteran who has been unemployed for at least four weeks during the year prior to the hire date, you may qualify for a tax credit of up to $9,600.


Tax Refund Fraud Scheme Affects Texas Physicians - 05/20/2016

Physicians are the latest victims in a tax refund fraud scheme making waves across the nation. The American Medical Association reports it's working with federal officials in the investigation, headed by the Internal Revenue Service and the Secret Service. While the exact source of the identity theft hasn't been detected, several theories exist.