Use this form to summarize and organize your tax deductible business expenses. In order to deduct expenses in your trade or business, you must show that the expenses are “ordinary and necessary.” An ordinary expense is one which is customary in your particular line of work. A necessary expense is one which is appropriate, but not necessarily essential in your business. The application of these terms to you relies heavily on the “facts and circumstances” of your unique situation. A business expense deduction must also take into account any reimbursement you have received, or could have received, or could have received for that expense from your employer or another source.
The information provided is an abbreviated summary of the rules for business expenses applicable to medical professionals. For additional details as to specific business expenses, the records required, and the various governmental regulations, please contact one of our advisors.
Professional Fees & Dues
- Association Dues
- Credentials
- License
- Professional Associations
- Union Dues
- Other
Auto Travel
- Between Jobs or Jobs Locations (mi)
- Client Meetings (mi)
- Continuing Education (mi)
- Job Seeking (mi)
- Out of Town Business Trips (mi)
- Purchasing Job Supplies and Materials (mi)
- Professional Society Meetings (mi)
- Parking Fees ($)
- Tolls ($)
- Other
Supplies & Expenses
- Briefcase
- Business Cards
- Business Meals (Enter 100% of Expense)
- Clerical Service
- Computer software
- Computer Lists
- Entertainment (enter 100% of expense)
- Equipment Repair
- Fax Supplies
- Gifts
- Greeting Cards
- Legal & Professional Services
- Office Expenses
- Postage
- Shipping
- Stationery
- Technical Publications
- Other
Miscellaneous Expenses
- Liability Insurance – Business
- Subscriptions
- Resume – Job Seeking
- Other
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Continuing Education
- Correspondence Course Fees
- Course Registration
- Lab Fees
- Materials & Supplies
- Photocopy Expenses
- Reference Material
- Research Expenses
- Seminar Fees
- Textbooks
- Other
Telephone Expenses
- Cellular Service
- Fax Transmissions
- Paging Service
- Pay phone
- Toll Calls
- Other
Equipment Purchases
- Answering Machine
- Calculator
- Copy Machine
- Fax Machine
- Pager
- Recorder
- Telephone
- Other
Travel – Out of Town
- Airfare, Train & Bus
- Bridge & Highway Tolls
- Car Rental
- Laundry
- Lodging (do not combine with meals)
- Meals (do not combine with lodging)
- Parking
- Porter, Bell Captain
- Taxi & Subway
- Telephone Calls (including home)
- Other
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