• Member Statistics

    • 803,239 Colleagues-to-Date [Sponsored by a generous R&D grant from iMBA, Inc.]
  • David E. Marcinko [Editor-in-Chief]

    As a former Dean and appointed Distinguished University Professor and Endowed Department Chair, Dr. David Edward Marcinko MBA was a NYSE broker and investment banker for a decade who was respected for his unique perspectives, balanced contrarian thinking and measured judgment to influence key decision makers in strategic education, health economics, finance, investing and public policy management.

    Dr. Marcinko is originally from Loyola University MD, Temple University in Philadelphia and the Milton S. Hershey Medical Center in PA; as well as Oglethorpe University and Emory University in Georgia, the Atlanta Hospital & Medical Center; Kellogg-Keller Graduate School of Business and Management in Chicago, and the Aachen City University Hospital, Koln-Germany. He became one of the most innovative global thought leaders in medical business entrepreneurship today by leveraging and adding value with strategies to grow revenues and EBITDA while reducing non-essential expenditures and improving dated operational in-efficiencies.

    Professor David Marcinko was a board certified surgical fellow, hospital medical staff President, public and population health advocate, and Chief Executive & Education Officer with more than 425 published papers; 5,150 op-ed pieces and over 135+ domestic / international presentations to his credit; including the top ten [10] biggest drug, DME and pharmaceutical companies and financial services firms in the nation. He is also a best-selling Amazon author with 30 published academic text books in four languages [National Institute of Health, Library of Congress and Library of Medicine].

    Dr. David E. Marcinko is past Editor-in-Chief of the prestigious “Journal of Health Care Finance”, and a former Certified Financial Planner® who was named “Health Economist of the Year” in 2010. He is a Federal and State court approved expert witness featured in hundreds of peer reviewed medical, business, economics trade journals and publications [AMA, ADA, APMA, AAOS, Physicians Practice, Investment Advisor, Physician’s Money Digest and MD News] etc.

    Later, Dr. Marcinko was a vital recruited BOD member of several innovative companies like Physicians Nexus, First Global Financial Advisors and the Physician Services Group Inc; as well as mentor and coach for Deloitte-Touche and other start-up firms in Silicon Valley, CA.

    As a state licensed life, P&C and health insurance agent; and dual SEC registered investment advisor and representative, Marcinko was Founding Dean of the fiduciary and niche focused CERTIFIED MEDICAL PLANNER® chartered professional designation education program; as well as Chief Editor of the three print format HEALTH DICTIONARY SERIES® and online Wiki Project.

    Dr. David E. Marcinko’s professional memberships included: ASHE, AHIMA, ACHE, ACME, ACPE, MGMA, FMMA, FPA and HIMSS. He was a MSFT Beta tester, Google Scholar, “H” Index favorite and one of LinkedIn’s “Top Cited Voices”.

    Marcinko is “ex-officio” and R&D Scholar-on-Sabbatical for iMBA, Inc. who was recently appointed to the MedBlob® [military encrypted medical data warehouse and health information exchange] Advisory Board.

    entrepreneur

    Frontal_lobe_animation

  • ME-P Information & Content Channels

  • ME-P Archives Silo [2006 – 2020]

  • Ann Miller RN MHA [Managing Editor]

    ME-P SYNDICATIONS:
    WSJ.com,
    CNN.com,
    Forbes.com,
    WashingtonPost.com,
    BusinessWeek.com,
    USNews.com, Reuters.com,
    TimeWarnerCable.com,
    e-How.com,
    News Alloy.com,
    and Congress.org

    Comprehensive Financial Planning Strategies for Doctors and Advisors: Best Practices from Leading Consultants and Certified Medical Planners(TM)

    Product Details

    Product Details

    Product Details

  • CERTIFIED MEDICAL PLANNER® program

    New "Self-Directed" Study Option SinceJanuary 1st, 2020
  • Most Recent ME-Ps

  • PodiatryPrep.org


    BOARD CERTIFICATION EXAM STUDY GUIDES
    Lower Extremity Trauma
    [Click on Image to Enlarge]

  • ME-P Free Advertising Consultation

    The “Medical Executive-Post” is about connecting doctors, health care executives and modern consulting advisors. It’s about free-enterprise, business, practice, policy, personal financial planning and wealth building capitalism. We have an attitude that’s independent, outspoken, intelligent and so Next-Gen; often edgy, usually controversial. And, our consultants “got fly”, just like U. Read it! Write it! Post it! “Medical Executive-Post”. Call or email us for your FREE advertising and sales consultation TODAY [770.448.0769]

    Product Details

    Product Details

  • Medical & Surgical e-Consent Forms

    ePodiatryConsentForms.com
  • iMBA R&D Services

    Commission a Subject Matter Expert Report [$250-$999]January 1st, 2020
    Medical Clinic Valuations * Endowment Fund Management * Health Capital Formation * Investment Policy Statement Analysis * Provider Contracting & Negotiations * Marketplace Competition * Revenue Cycle Enhancements; and more! HEALTHCARE FINANCIAL INDUSTRIAL COMPLEX
  • iMBA Inc., OFFICES

    Suite #5901 Wilbanks Drive, Norcross, Georgia, 30092 USA [1.770.448.0769]. Our location is real and we are now virtually enabled to assist new long distance clients and out-of-town colleagues.

  • ME-P Publishing

  • SEEKING INDUSTRY INFO PARTNERS?

    If you want the opportunity to work with leading health care industry insiders, innovators and watchers, the “ME-P” may be right for you? We are unbiased and operate at the nexus of theoretical and applied R&D. Collaborate with us and you’ll put your brand in front of a smart & tightly focused demographic; one at the forefront of our emerging healthcare free marketplace of informed and professional “movers and shakers.” Our Ad Rate Card is available upon request [770-448-0769].

  • Reader Comments, Quips, Opinions, News & Updates

  • Start-Up Advice for Businesses, DRs and Entrepreneurs

    ImageProxy “Providing Management, Financial and Business Solutions for Modernity”
  • Up-Trending ME-Ps

  • Capitalism and Free Enterprise Advocacy

    Whether you’re a mature CXO, physician or start-up entrepreneur in need of management, financial, HR or business planning information on free markets and competition, the "Medical Executive-Post” is the online place to meet for Capitalism 2.0 collaboration. Support our online development, and advance our onground research initiatives in free market economics, as we seek to showcase the brightest Next-Gen minds. ******************************************************************** THE ME-P DISCLAIMER: Posts, comments and opinions do not necessarily represent iMBA, Inc., but become our property after submission. Copyright © 2006 to-date. iMBA, Inc allows colleges, universities, medical and financial professionals and related clinics, hospitals and non-profit healthcare organizations to distribute our proprietary essays, photos, videos, audios and other documents; etc. However, please review copyright and usage information for each individual asset before submission to us, and/or placement on your publication or web site. Attestation references, citations and/or back-links are required. All other assets are property of the individual copyright holder.
  • OIG Fraud Warnings

    Beware of health insurance marketplace scams OIG's Most Wanted Fugitives at oig.hhs.gov

Remember Tax Deadline Day is April 18th 2011

Tax Emancipation Day is April 15th 2011

By Dr. Gary L. Bode MSA, CPA, PC

In the 2011 tax filing season, taxpayers have until Monday, April 18 to file their 2010 tax returns and pay any tax due. Emancipation Day, a holiday observed in the District of Columbia, falls this year on Friday, April 15. By law, District of Columbia holidays impact tax deadlines in the same way that federal holidays do; therefore, all taxpayers will have three extra days to file this year. Taxpayers requesting an extension will have until October 17 to file their 2010 tax returns.

Who Must Wait to File

For most taxpayers, the 2011 tax filing season starts on schedule. However, tax law changes enacted by Congress and signed by President Obama in December mean some people need to wait until mid to late February to file their tax returns in order to give the IRS time to reprogram its processing systems. The IRS recently announced February 14, 2011 as the start date for processing these delayed tax returns.

Some taxpayers, including those who itemize deductions on Form 1040 Schedule A, will need to wait until February 14, 2011 to file. This includes taxpayers impacted by any of three tax provisions that expired at the end of 2009 and were renewed by the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 enacted December 17, 2010. Those who need to wait to file include:

  • Taxpayers Claiming Itemized Deductions on Schedule A. Itemized deductions include mortgage interest, charitable deductions, and medical and dental expenses as well as state and local taxes. In addition, itemized deductions include the state and local general sales tax deduction that was also extended and that primarily benefits people living in areas without state and local income taxes.
  • Taxpayers Claiming the Higher Education Tuition and Fees Deduction. This deduction for parents and students, covering up to $4,000 of tuition and fees paid to a post-secondary institution, is claimed on Form 8917. However, the IRS emphasized that there will be no delays for millions of parents and students who claim other education credits, including the American Opportunity Tax Credit extended last month and the Lifetime Learning Credit.
  • Taxpayers Claiming the Educator Expense Deduction. This deduction is for kindergarten through grade 12 educators with out-of-pocket classroom expenses of up to $250. The educator expense deduction is claimed on Form 1040, Line 23 and Form 1040A, Line 16.

Assessment

In addition to extending those tax deductions for 2010, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act also extended those deductions for 2011 and a number of other tax deductions and credits for 2011 and 2012, such as the American Opportunity Tax Credit and the modified Child Tax Credit. The Act also provides various job creation and investment incentives, including 100% expensing and a 2% payroll tax reduction for 2011. Those changes have no effect on the 2011 filing season.

http://www.amazon.com/Financial-Planning-Handbook-Physicians-Advisors/dp/0763745790/ref=sr_1_1?ie=UTF8&s=books&qid=1276795609&sr=1-1

Conclusion

And so, your thoughts and comments on this ME-P are appreciated. Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, subscribe to the ME-P. It is fast, free and secure.

Our Other Print Books and Related Information Sources:

Health Dictionary Series: http://www.springerpub.com/Search/marcinko

Practice Management: http://www.springerpub.com/product/9780826105752

Physician Financial Planning: http://www.jbpub.com/catalog/0763745790

Medical Risk Management: http://www.jbpub.com/catalog/9780763733421

Healthcare Organizations: www.HealthcareFinancials.com

Physician Advisors: www.CertifiedMedicalPlanner.com

Subscribe Now: Did you like this Medical Executive-Post, or find it helpful, interesting and informative? Want to get the latest ME-Ps delivered to your email box each morning? Just subscribe using the link below. You can unsubscribe at any time. Security is assured.

Link: http://feeds.feedburner.com/HealthcareFinancialsthePostForcxos

Sponsors Welcomed: And, credible sponsors and like-minded advertisers are always welcomed.

Link: https://healthcarefinancials.wordpress.com/2007/11/11/advertise

Product DetailsProduct DetailsProduct Details      

8 Responses

  1. IRS Announces Open House

    The IRS announced on February 23 that it is holding open houses in 100 IRS offices. The offices will be open from 9:00 am to 2:00 pm local time on Saturday, February 26 and Saturday, March 26.

    Commissioner of the IRS Doug Shulman stated, “We are opening our doors these Saturdays to help taxpayers who may not have a chance to seek assistance during the work week. If taxpayers need help preparing their tax returns or have account questions, we encourage them to visit one of our open houses.”

    Last year, 35,000 taxpayers were assisted during similar open houses. The taxpayers had questions on tax preparation and qualification for various tax deductions or benefits. The IRS indicated that 95% of the questions were resolved.

    In addition to the open houses, IRS offices in 10 cities will also offer free seminars on the 2010 tax laws. The locations of the IRS offices and seminars are available on http://www.irs.gov.

    Individuals with incomes of $49,000 or less also qualify for additional assistance. The Volunteer Income Tax Assistance (VITA) program will assist in completing returns. Those persons over age 60 qualify for the Tax Counseling for the Elderly (TCE) program. They also can receive help in preparing their 2010 income tax returns.

    Source: Children’s Home Society of Florida Foundation

    Like

  2. Tax Reform?

    The concept of tax reform has backers on both sides of the aisle, but it’s a long, complicated process.

    http://thehill.com/blogs/on-the-money/domestic-taxes/145379-time-ticks-on-tax-reform-in-weeks-old-congress

    Mary

    Like

  3. House Debates Top Tax Rates

    Both parties entered the debate this week on the appropriate top income tax rate. House Ways and Means Chair Dave Camp (R-MI) suggested that it would be important to “jump-start” tax reform by picking a top rate. His preference for a top individual and corporate tax rate is 25%.

    Washington tax commentators noted that this low tax rate would require very substantial changes if the tax bill is revenue-neutral. That is, in order to reduce the top rate from 35% to 25%, there would be very substantial changes in all of the major tax deductions.

    Former Congressional Budget Office Director Alice Rivlin commented on the 25% rate. She stated, “It’s feasible to bring rates down, but only if you get rid of a lot of – almost all of – the loopholes and special provisions.”

    The Ranking Member on the House Ways and Means Committee is Sander M. Levin (D-MI). He expressed great concern about the proposal. Levin noted, “It’s one thing to conceive a goal of a top tax rate of 25% for individuals and corporations – which would reduce revenues by $2 trillion over a decade.” But he continued that it would be very difficult to understand “how it would work” when actually modifying the tax deductions.

    House Member Jan Schakwkowsky (D-IL) was a member of the Fiscal Commission appointed by President Obama. She introduced the Fairness in Taxation Act. This bill creates high tax brackets for individuals with very large incomes. For those with incomes over $1 million per year, the tax rate would be 45%. The small number of persons with incomes over $1 billion per year would pay 49%.

    Rep. Schakwkowsky quotes a number of individuals with incomes over a million dollars per year who believe that there should be higher taxes for very-high income persons. Kathryn Myers is a millionaire from Pennsylvania. She stated, “I think very wealthy people like me should pay substantially higher taxes, since we have done exceedingly well in the last few decades.”

    Editor’s Note: Your editor and this organization do not take a specific position on the appropriate tax rates. It is important to note that reducing tax rates and keeping a new tax bill revenue-neutral will require major changes in deductions for healthcare, retirement plans, state and local taxes, mortgage interest and charitable gifts.

    Taxes Are Too Complex

    In a bipartisan statement, Senate Finance Chair Max Baucus (D-MT) and House Ways and Means Committee Chair Dave Camp (R-MI) agreed that taxes are in need of simplification.

    Both taxwriters serve on the Joint Committee on Taxation (JCT). At the latest meeting of the Joint Committee, Chairman Camp stated, “There is no doubt that today’s tax code is too complex, too costly and takes too much time to comply with.” He indicated that it is now time to take a “comprehensive approach to tax reform” that will help to increase the number of jobs in America.

    Sen. Baucus agreed and stated, “Our tax code should maximize job creation and widespread economic growth. As we work together to simplify the tax code and make it more fair and competitive, we need to be armed with the data showing the impact of potential changes to the code.”

    Both taxwriters are responding to the proposal by President Obama to pass a revenue-neutral tax reform for corporations. Treasury Secretary Tim Geithner testified before the House Committee on Appropriations and indicated that the White House looks forward to working with members of Congress and the business committee to design “a comprehensive, revenue-neutral reform of the corporate tax system.” The goal will be to lower tax rates by reducing federal deductions.

    Editor’s Note: Both the Senate Finance Committee and the House Ways and Means Committee are embarked on a series of tax reform hearings. Sen. Baucus and Rep. Camp are striving to prepare legislation that would reform both corporate and personal taxes. The perennial problem in lowering tax rates is that when any deductions are limited, there is strong opposition. However, both leaders are seriously pursuing major reform in 2011.

    Source: Children’s Home Society of Florida Foundation

    Like

  4. Tax Freedom Day is April 12th 2011

    Each year the Tax Foundation reviews the state and federal taxes paid by Americans. Based on the total taxes, it determines a “Tax Freedom day.” For the year 2011, the Tax Foundation calculates the Tax Freedom day to be April 12th.

    This Tax Freedom day is three days later than 2010, but it is nearly two weeks earlier than Tax Freedom day in 2007. There are four factors that affect the 2011 date for Tax Freedom day.

    1. The Great Recession – As America starts to recover from the recession, taxes paid are increasing more than incomes.

    2. Tax Cuts Extended – In a compromise between President Obama and House and Senate leaders, the tax cuts enacted in 2001 and 2003 were extended.

    3. Payroll Taxes – The “Make Work Pay” reduction was replaced with a 2% payroll tax cut for 2011.

    4. Estate Tax – The estate tax was repealed in 2010 (unless elected by executors), but it is reinstated in 2011 with a $5 million applicable exclusion amount and a tax rate of 35%.

    The Tax Foundation also publishes a federal budget Tax Freedom day. If the total federal expenditures as reflected by both taxes and the deficits are considered, then Tax Freedom day is May 23. This is the latest Freedom day in the past six decades and reflects the total cost of government.

    Source: Children’s Home Society of Florida Foundation

    Like

  5. E-Filing Passes 100 Million Returns

    The IRS reported a surge of e-Filing the past weekend just before the tax deadline. With all of the latest returns that have been filed electronically, the IRS reported that 101 million taxpayers now used the e-Filing system resulting in 8.8% growth this year.

    The IRS noted that some taxpayers have filed for the automatic six-month extension and will need to complete their tax returns by October of 2011. The IRS will continue to permit e-Filing of returns that are on a proper extension.

    The movement toward e-Filing reflects a general increase in Internet use in America. The Pew Research Center studies the movement of Americans to the Internet. The latest statistics show that 80% of all Americans are using the Internet. Over 60% of those users now have broadband at home.

    The Pew Internet surveys also give details about online Internet usage. Over 95% of those ages 18 to 29 use the Internet. For age 30-49, the percentage is 87%. Baby boomers age 50-64 are at 78%. Finally, 42% of those over age 65 use the Internet.

    As might be expected, individuals with moderate and higher incomes are more likely to use the Internet. Over 90% of those with incomes of $50,000 are now using the Internet. College graduates use the Internet at a 96% rate. Finally the increase in e-Filing is also reflected by a movement to online banking and online giving. Total online giving in 2010 increased to nearly 8% of all charitable gifts.

    Source: Children’s Home Society of Florida Foundation

    Like

  6. End of Year 2011 Already!

    Here is a brief essay on End of Year – 2011 – tax planning tips for individuals and doctors, by Michael Zhuang.

    http://investment-fiduciary.com/2011/10/19/2011-year-end-tax-planning-for-individuals/

    Shane

    Like

  7. 2011 Tax filing deadline extended to April 17th 2012

    April 15th is a Sunday this year, and April 16th is a holiday in the District of Columbia, which means taxpayers will have 2 more days to prepare their 2011 returns.

    Gladys

    Like

  8. Tax Season Opens New Year

    As noted above, the IRS announced that the filing date for this year will be April 17th. Normally, income tax returns are due on April 15th. But this year the 15th is a Sunday. April 16th is Emancipation Day, a holiday for the District of Columbia. Therefore, the filing date for tax returns this year will be April 17, 2012.

    IRS Commissioner Doug Schulman noted, “At the IRS, we’re working hard to make the process of filing your taxes as quick and easy as possible. Providing quality service is one of our top priorities. It not only reduces the burden on taxpayers, but also helps in filing an accurate return right from the start.”

    The IRS will start accepting eFile returns on January 17. The IRS Free File Program will also be effective on that date. Taxpayers with incomes of $57,000 or less may use the online Free File method. On http://www.irs.gov there is information about Free File and online filing of tax returns.

    Smartphone users will again have available IRS2Go, the application that lets taxpayers check on their refund. Apple iPhone users may use the App Store and Android Smartphone users may use Marketplace to download the free app. Users will appreciate the “Where’s my refund” feature of IRS2Go.

    Source: Children’s Home Society of Florida Foundation

    Ann Miller RN MHA

    Like

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: