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 staff.
Professional Fees & Dues
- Alumni Dues
- Association Dues
- Credentials
- License
- Parent Teacher Groups
- School Dues
- Union Dues
- Other
Continuing Education
- Correspondence Course Fees
- Course Registration
- Lab Fees
- Materials & Supplies
- Photocopy Expenses
- Reference Material
- Research Expenses
- Seminar Fees
- Textbooks
- Transcripts
- Tuition
- Other
Telephone Expenses
- Cellular Tall Calls
- FAX Transmissions
- Pager
- Toll Calls
- Other
Auto Travel
- Away From Home Overnight (mi)
- Between Jobs or Jobs Locations (mi)
- Continuing Education (mi)
- Field Trips (mi)
- Library (mi)
- Meetings (mi)
- Purchasing Job Supplies and Materials (mi)
- Professional Society Meetings (mi)
- School Functions (mi)
- Seminars (mi)
- Parking Fees ($)
- Tolls ($)
- Other
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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
Classroom Supplies
- Arts & Crafts Materials
- Audio Visual Rentals
- Audio Visual Supplies
- Books
- Classroom Decorations
- Computer software
- Film & Processing
- Grading Expenses
- Magazines
- Music
- Newspapers
- Paper
- Party Supplies
- Photocopy Expense
- Printing
- Records, Tapes, etc.
- Stationery
- Student Prizes & Awards
- Trophies
- Visual Aids
- Video Tapes
- Other
Miscellaneous Expenses
- Liability Insurance – Business
- Periodicals
- Professional Subscriptions
- Resume – Job Seeking
- Other
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