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
- Medical Association Dues
- Professional Association Dues
- Union Dues
- Legal (Protection/production of taxable income)
- Other
Uniforms & Upkeep
- Alterations & Repairs
- Surgical Shoes
- Cleaning
- Hat, Cap
- Jacket
- Laundry
- Pants
- Scrubs
- Other
Continuing Education
- Correspondence Course Fees
- Lab Fees
- Materials & Supplies
- Photocopy Expenses
- Reference Material
- Registration Fees
- Seminar Fees
- Textbooks
- Transcripts
- Tuition
- Other
Telephone Expenses
- Answering Service
- Beeper – Pager
- Cellular Service
- Paging Service
- Pay phone
- Toll Calls
- Other
Other Expenses
- Malpractice Insurance
- Liability Insurance
- Journals, Medical
- Periodicals, Medical
- Resume, Job Seeking
- Other
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Auto Travel
- Between Medical Facilities (mi)
- Continuing Education (mi)
- Interviews – Position
- Out of Town Business Trips (mi)
- Patient House Calls (mi)
- Purchasing Equipment & Supplies (mi)
- Uniform Cleaning & Maintenance (mi)
- Parking Fees ($)
- Tolls ($)
- Other
Supplies & Expenses
- Answering Machine/Service
- Bag – Medical
- Briefcase
- Business Cards
- Business Meals (Enter 100% of Expense)
- Medical Equipment
- Office Supplies
- Recorder & Tapes
- Referral Service
- Repairs-Equipment
- Stationery
- 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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