Learn what a C corporation is, how it works, and whether your business would benefit from this structure.
A 1099 Form documents payments from someone that typically isn’t your employer. This can be an individual, business, or entity, such as the government. There are different 1099 forms that report various types of income and how they were earned. These payments might be for interest, dividends...
Itemized deductions claimed on Schedule A, like charitable contributions, medical expenses, mortgage interest and state and local tax deductions Unemployment income reported on a 1099-G Business or 1099-NEC income (often reported by those who are self-employed, gig workers or freelancers) ...
A disregarded entity is a form of business entity that provides special benefits for reducing the amount of company taxes owed to the Internal Revenue Service (IRS). Disregarded entity owners just pay personal taxes on their business revenue and do not h
The term “identity theft” encompasses a broad range of methods of stealing other people’s information. However, it is common for a thief to target high-value information, such as a Social Security number, and use it to buy something, open an account, or commit fraud that involves imperso...
Bloated Estimate of Benefits (EOB).In an upcoding scam, a health provider assigns your procedure a wrong code. As a result, Medicare is billed for services you did not receive or, in most cases, an exaggeration of the services you did receive. ...
If you are the victim of tax fraud, contact theIRS, while if you are the victim of unemployment fraud, contact yourstate’s labor department. For medical identity theft and fraud, contact your medical provider,Medicare’s fraud officeif you have Medicare, and/or your insurance company. ...
Named entity recognition is used to perform a semantic extraction of words and phrases mentioned from unstructured text that are associated with any of the supported entity types, such as diagnosis, medication name, symptom/sign, or age.Text...
Entities can use the HHSonline toolto determine if they qualify as a HIPAA-covered entity or BA and, consequently, if they must comply with HIPAA or not. What information is protected under HIPAA? The HIPAA Privacy Rule protects all individually identifiable health information that is held or ...
PECOS 2.0 is the new and improved PECOS that’s coming soon. It will add additional features and streamline the Medicare enrollment process even further. For example, it will allow you to use a single application to update multiple enrollments, such as practices in different states or primary s...