Taxes

Legislative Hotline: TMA Urges Committee to Prevent Medical Billing Tax - 03/15/2021

The Texas Medical Association went to work today in hopes of torpedoing a state medical billing tax currently scheduled to take effect Oct. 1.


Buying Time: Comptroller Delays Medical Billing Tax Until October 2021 - 06/01/2020

Comptroller delays medical billing tax until October 2021, giving TMA a chance to work out a legislative fix.


Comptroller Postpones Taxing Medical Billing Services Until 2021 - 04/01/2020

State Comptroller Glenn Hegar will postpone until late 2021 the date that medical practices will be required to pay taxes on medical billing services provided by an outside company.


TMA to Lawmakers: Stop Proposed Medicare Changes - 12/06/2019

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.


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.


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.


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.


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.