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wm030303, Enrolled Agent
Category: Tax
Satisfied Customers: 112
Experience:  I am both a CPA and EA with over 30 years of experience in solving tax related issues.
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Is there a 2011 tax credit available for a doctors office

Customer Question

Is there a 2011 tax credit available for a doctor's office which installs electronic records?
Submitted: 5 years ago.
Category: Tax
Expert:  wm030303 replied 5 years ago.

wm030303 :

Hello and thanks for using JA! Happy New Year too!

wm030303 :

There is a bonus depreciation deduction in 2011 that allows you to deduct up to 100% of the cost of new equipment purchased. there is also whats known as a section 179 deduction that allows you to expense up to $250,000 for equipment purchases in 2011.

wm030303 :

There is no special tax credit other than these deductions I just mentioned.

wm030303 :

If this is what you were looking for kindly accept my answer.

wm030303 and 3 other Tax Specialists are ready to help you
Customer: replied 5 years ago.
I don't believe I was clear enough on my previous question. I was inquiring whether there was a tax credit available to doctor's who converted from manual to electronic records/charts in 2011.
Expert:  wm030303 replied 5 years ago.

Are you asking for tax credits for Pennsylvania or Federal tax credits?

Expert:  wm030303 replied 5 years ago.
I could not find anything in the Internal Revenue code
Expert:  wm030303 replied 5 years ago.

I'm stepping out for a while now, I'll check back later.

Customer: replied 5 years ago.
The Federal Government is offering stimulus dollars to physician's offices as an incentive for switching from manual to e-records. I wanted to know the process for applying for these dollars.