TITLE

Last-Minute Tax Tips (Part 2)

AUTHOR(S)
Jones, Daniel C.
PUB. DATE
December 2009
SOURCE
PN;Dec2009, Vol. 63 Issue 12, p49
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article offers tips for year-end tax planning, particularly deductible medical expenses. It cites that medical expense may include weight-loss program fees in the treatment of a disease diagnosed by physician as well as parking fees and tolls. It notes that the cost of home improvement for medical reasons can be claimed as medical expense, with considerations on whether it increases the value of property. An items list not covered in medical expenses like maternity clothes is included.
ACCESSION #
45048342

 

Related Articles

  • Tax Deals That Help You Care for a Parent. Ashford, Kate // Money;Apr2006, Vol. 35 Issue 4, p44B 

    This article offers some tax planning advice to children who provide financial assistance to aging parents. Be sure that you meet all the IRS criteria before writing off any expenses. Talk with other siblings if you split the expenses to see who will claim them on their tax return. Consider...

  • Maximise your income in 2006. Pizzacalla, Mark // Money Management;3/16/2006, Vol. 20 Issue 9, p20 

    The article stresses the importance of tax planning because of the Australian Taxation Office's (ATO) plan to increase its compliance activities. Taxpayers should conduct tax planning on the assumption that they will be subject to an ATO review. Tax positions taken by taxpayers may still catch...

  • "Top Ten" 2003 Tax Developments.  // Journal of Tax Practice Management;Jan/Feb2004, Vol. 3 Issue 1, p13 

    Summarizes the top 10 tax developments in the U.S. in 2003. Reduced rate on capital gains and the sharing of that rate with qualified dividends; Enhanced bonus depreciation and expensing; Anti-tax shelter enforcement; Low interest rates' impact on tax planning; Medical expense reimbursement...

  • How to write off your home improvement costs as medical expenses.  // Small Business Tax Strategies;Jan2010, Vol. 5 Issue 1, p7 

    The article offers tips on how to write off home improvement costs as medical expenses in the U.S. It states that taxpayers should incur cost for the prevention or alleviation of an illness in order to qualify as a deductible medical expense. It also suggests to get a written appraisal from an...

  • Financial first aid. Battersby, Mark; Soeder, John // Restaurant Hospitality;Oct97, Vol. 81 Issue 10, p46 

    No abstract available.

  • Residential care and the medical expense deduction. Segal, Mark A. // National Public Accountant;Mar96, Vol. 41 Issue 3, p21 

    Focuses on tax deductions for medical expenses and residential care in the United States. Nursing home and convalescent home cost; Special schools; Placement of a relative in a special facility as a result of a physical, mental or emotional condition.

  • At a glance.  // hfm (Healthcare Financial Management);Aug97, Vol. 51 Issue 8, p22 

    Presents a graphical information about the weighted average medical expenses as a percent of premium revenues for selected national health plans during 1991 through 1996.

  • Surgery to correct vision.  // Practical Accountant;Sep96, Vol. 29 Issue 9, p20 

    Discusses how the expenses of a radical keratotomy to correct nearsightedness can be claimed as income tax deductions for medical expenses according to the US Internal Revenue Code.

  • Deductions Okayed for Certain Medical Procedures.  // Practical Accountant;Jul2003, Vol. 36 Issue 7, p14 

    Reports on the U.S. Internal Revenue Service's issuance of rulings to clarify the tax treatment of certain medical expenses. Deductible medical expenses; Tax treatment for amounts paid by an individual for medicines or drugs without a prescription of a physician.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics