Guest guest Posted December 21, 2006 Report Share Posted December 21, 2006 If the equipment and software is prescribed by a licensed professional then I could be deducted just like prescription medication is, If sessions are done by same then they are deductible as well. I do no know what the IRS would say about services/supplies not related to non licensed providers. > 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 21, 2006 Report Share Posted December 21, 2006 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_2 Sent: Thursday, December 21, 2006 5:16 PM To: 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 21, 2006 Report Share Posted December 21, 2006 I have worked with a number of clients who had set up " medical savings " accounts and were able to include both NF training and equipment as acceptable costs--at least as far as I ever heard. Pete > > 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...
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