What a Tax Savings Review Found for One Dental Practice

Top opportunities we found

• R&D tax credit

  A dollar-for-dollar credit for qualifying in-house innovation (digital workflows, 3D printing, new protocols). Never claimed.

  $32K to $53K

  Per year

• Cost segregation on the building

  Speeds up depreciation on the practice building, so deductions arrive years sooner.

  $0 to $45K

  One-time

• Protecting losses & timing the exit

  Keeps about $836K of losses from past practice investments from going to waste.

  $5K to $35K

  One-time

• Roth conversions in a low-tax year

  Uses a temporarily low bracket to move retirement money into tax-free growth. Must happen by Dec 31.

  $0 to $18K

  Per year

+4 more: S corp election, spouse on payroll & medical reimbursement plan, Augusta Rule, short-term rental conversion.

What the CPA was already doing right

We start with what's working. We don't replace good work.

• Practice real estate held outside the practice
• Prior practice exit handled correctly to release losses
• Loss carryforwards tracked and applied properly
• State health-insurance credit captured
• Rental losses tracked across 10 properties

Also flagged (not in the totals): about $33,000 of overpaid tax sitting as credits instead of cash, plus possible prior-year refunds.

What you'll get in your review

1. 1A second set of eyes on your last return: what's working, and what your CPA may be missing.
2. 2A ballpark of your savings: the strategies that fit your practice, with estimated dollar ranges.
3. 3Your year-end shortlist: which moves have to be in place before December 31.