On today’s episode, Dr. Mark Costes reconnects with tax and wealth strategist Derick Van Ness for an in-depth look at how the newly passed tax bill is opening the door for dentists to claim Research & Development (R&D) tax credits once again. Derick explains why these credits disappeared for most practices after 2021, how the recent legislation has reversed that change, and why dentists now have a limited-time opportunity to amend previous tax returns for 2022, 2023, and 2024. They dig into the four-part test that determines R&D eligibility, clarify the difference between deductions and credits, and walk through practical examples of how dentists are unknowingly qualifying through the use of new technology, materials, and processes. Derick also discusses the broader tax landscape—from Section 179 deductions to bonus depreciation and SALT workarounds—plus his firm’s plan to scale by acquiring accounting firms that serve niche industries like dentistry. Be sure to check out the full episode from the Dentalpreneur Podcast!
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