Tag Archives: Expense

Deducting Un-reimbursed Professional Expenses

Posted on December 18, 2013 by Andrew Schwartz, CPA

According to the IRS, to be deductible, an expenditure must be both “ordinary” and “necessary” in connection with your profession.  The IRS defines “ordinary” as common and accepted in a particular profession and “necessary” as helpful and appropriate for a … Continue reading →

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Renting Your Vacation Home?

Posted on August 13, 2013 by Andrew Schwartz, CPA

A vacation home can be a house, apartment, condominium, mobile home or boat. If you own a vacation home that you rent to others, you generally must report the rental income on your federal income tax return. But you may … Continue reading →

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Disability Business Overhead Expense Insurance

Posted on August 6, 2013 by Andrew Schwartz, CPA

By guest author Lawrence B. Keller, CLU, ChFC, CFP® As the owner of a medical or dental practice, you are the key to its success. Your patients and staff rely on you. If you become disabled, you may be unable … Continue reading →

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Tips for Taxpayers Who Travel for Charity Work

Posted on July 26, 2013 by Andrew Schwartz, CPA

From IRS Tax Tips Newsletter: Do you plan to travel while doing charity work this summer? Some travel expenses may help lower your taxes if you itemize deductions when you file next year. Here are five tax tips the IRS … Continue reading →

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Free Webinar Link: Get Your Deductions

Posted on February 26, 2013 by Andrew Schwartz, CPA

Check out Andrew Schwartz’s webinar “Get Your Deductions: Moonlighting and Deducting Professional Expenses Made Easy” http://www.screencast.com/t/Zksfdssln Are you unsure what expenses you can deduct from your moonlighting income? Not sure what to track all year for professional expenses? Do you … Continue reading →

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IRS: Job Search Expenses Can Be Tax Deductible

Posted on August 29, 2012 by Andrew Schwartz, CPA

Many healthcare professionals work based on the Academic Calendar. That means that a lot of Doctors switch jobs over the summer. According to our friends at the IRS in their IRS Summertime Tax Tip 2012-06: Summertime is the season that … Continue reading →

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Questions about Deducting Mileage?

Posted on February 7, 2012 by Andrew Schwartz, CPA

Hear Andrew’s “Ask the Expert” reply on Quantia MD”s website: https://secure.quantiamd.com/player/vndpxprm?cid=1401&partner=ssa&m=011912_103225_ssa

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