Guest guest Posted December 22, 2006 Report Share Posted December 22, 2006 In order to be deductible, medical expenses have to exceed 7.5% of gross income for the year. Unless your medical expenses were huge compared to what you earned, they are no good for tax purposes. A way around the 7.5% requirement would be a flexible spending/medical expense account which would have to have been set up at the beginning of the tax year. However, last time I checked with ADP, NFB did not qualify for flex spending as it was considered experimental treatment. A good tax lawyer, of course, might be able to take this up with the IRS... Please note I'm not qualified to give tax advice so don't take the above as such."Marvin H. Berman, Ph.D." wrote: I would expect that equipment purchased without a prescription or as part of a treatment relationship with a licensed professional is probably not deductible as a medical expense. I would take this up with an accountant but it would not seem likely that the IRS is going to take your word for it that this thing represents bona fide medical treatment. We sell equipment to our clients and this allows them to deduct their costs that are unreimbursed by their medical insurance. Marvin Berman, Ph.D. Marvin H. Berman, Ph.D., CBT, BCIAC(EEG) 600 Germantown Pike #A Lafayette Hill, PA 19444 voice fax www.quietmindfdn.org marvinbermanquietmindfdn (DOT) org From: braintrainer [mailto:braintrainer ] On Behalf Of amb_rob_2Sent: Thursday, December 21, 2006 5:16 PMTo: braintrainer Subject: NFB Tax Deduction Does anyone have any experience using the training sessions for medical appointments for tax deductions? Also, has anyone purchased the equipment and used it for tax deductions? We plan to do home training and purchase some equipment. I was wondering if Uncle Sam would question it if I put the cost of the equipment down as medical supplies. So I don't know whether to buy it next week or wait until 2007. Your comments welcome. __________________________________________________ Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 22, 2006 Report Share Posted December 22, 2006 Hi, We have Blue Cross/Blue Shield (Federal Plan) and we are going to purchase equipment in January. We were sent the form for the doctor to sign. The hardware and software is deductible. Fran ---- amb_rob_2 wrote: > Does anyone have any experience using the training sessions for medical > appointments for tax deductions? Also, has anyone purchased the > equipment and used it for tax deductions? We plan to do home training > and purchase some equipment. I was wondering if Uncle Sam would > question it if I put the cost of the equipment down as medical > supplies. So I don't know whether to buy it next week or wait until > 2007. Your comments welcome. > > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 22, 2006 Report Share Posted December 22, 2006 I’m curious what doctors are open to authorizing the purchase of NF equipment. Marvin Berman Marvin H. Berman, Ph.D., CBT, BCIAC(EEG) 600 Germantown Pike #A Lafayette Hill, PA 19444 voice fax www.quietmindfdn.org marvinbermanquietmindfdn (DOT) org From: braintrainer [mailto:braintrainer ] On Behalf Of franklein@... Sent: Friday, December 22, 2006 3:05 PM To: braintrainer Cc: amb_rob_2 Subject: Re: NFB Tax Deduction Hi, We have Blue Cross/Blue Shield (Federal Plan) and we are going to purchase equipment in January. We were sent the form for the doctor to sign. The hardware and software is deductible. Fran ---- amb_rob_2 <amb_rob_2> wrote: > Does anyone have any experience using the training sessions for medical > appointments for tax deductions? Also, has anyone purchased the > equipment and used it for tax deductions? We plan to do home training > and purchase some equipment. I was wondering if Uncle Sam would > question it if I put the cost of the equipment down as medical > supplies. So I don't know whether to buy it next week or wait until > 2007. Your comments welcome. > > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 23, 2006 Report Share Posted December 23, 2006 Dear Dr. Berman, We have two doctors that are authorizing the purchase of the equipment: our psychiatrist and pediatrician. Fran ---- " Marvin H. Berman wrote: > IÂ’m curious what doctors are open to authorizing the purchase of NF > equipment. > > Marvin Berman > > > > Marvin H. Berman, Ph.D., CBT, BCIAC(EEG) > > 600 Germantown Pike #A Lafayette Hill, PA 19444 > > voice fax > > www.quietmindfdn.org m > arvinberman@... > > _____ > > From: braintrainer [mailto:braintrainer ] On > Behalf Of franklein@... > Sent: Friday, December 22, 2006 3:05 PM > To: braintrainer > Cc: amb_rob_2 > Subject: Re: NFB Tax Deduction > > > > Hi, > > We have Blue Cross/Blue Shield (Federal Plan) and we are going to purchase > equipment in January. We were sent the form for the doctor to sign. The > hardware and software is deductible. > > Fran > ---- amb_rob_2 <amb_rob_2yahoo (DOT) <mailto:amb_rob_2%40yahoo.com> com> wrote: > > Does anyone have any experience using the training sessions for medical > > appointments for tax deductions? Also, has anyone purchased the > > equipment and used it for tax deductions? We plan to do home training > > and purchase some equipment. I was wondering if Uncle Sam would > > question it if I put the cost of the equipment down as medical > > supplies. So I don't know whether to buy it next week or wait until > > 2007. Your comments welcome. > > > > > > > > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 25, 2006 Report Share Posted December 25, 2006 Fran, Where are you located? Thanks. Marvin Berman Marvin H. Berman, Ph.D., CBT, BCIAC(EEG) 600 Germantown Pike #A Lafayette Hill, PA 19444 voice fax www.quietmindfdn.org marvinbermanquietmindfdn (DOT) org Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 26, 2006 Report Share Posted December 26, 2006 HI Marvin, Vienna, VA. Fran ---- " Marvin H. Berman wrote: > Fran, > > Where are you located? > > Thanks. > > Marvin Berman > > > > Marvin H. Berman, Ph.D., CBT, BCIAC(EEG) > > 600 Germantown Pike #A Lafayette Hill, PA 19444 > > voice fax > > www.quietmindfdn.org m > arvinberman@... > > > Quote Link to comment Share on other sites More sharing options...
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