APR 2014

MedEsthetics—business education for medical practitioners—provides the latest noninvasive cosmetic procedures, treatment trends, product and equipment reviews, legal issues and medical aesthetics industry news.

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50 APRIL 2014 | Med Esthetics After The DEADLINE By Mark E. Battersby EACH YEAR, medical practitioners fi nd themselves racing to beat the tax deadlines imposed by the Internal Revenue Service. Many individuals and businesses dread those deadlines, because they are unable to pay the taxes due by April 15. While the IRS is strict about wanting "its" money on time and in full, there are a number of legitimate options for delaying payments, delaying fi ling or breaking payments up into installments. In addition, practitioners who catch errors or omissions can amend their returns even after they have been fi led. W h a t a r e t h e o p t i o n s f o r What are the options for p r a c t i c e s t h a t c a n ' t p a y practices that can't pay t h e i r t a x b i l l s i n f u l l , a n d their tax bills in full, and t h o s e t h a t c a t c h e r r o r s o n those that catch errors on t h e i r r e t u r n a f t e r f i l i n g ? their return after filing? © ISTOCKPHOTO.COM; © THINKSTOCK A f t e r D e a d l i n e M E D 4 1 4 . i n d d 5 0 After Deadline MED414.indd 50 3 / 1 3 / 1 4 9 : 2 1 A M 3/13/14 9:21 AM

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