Physician that works for LLC (has less than 1 % of partnership) - gasoline and car payments

#3 06-02-2006, 05:37 AM

<anurag.chawla[at]gmail.com> wrote

- quote -

> My wife is a physician who works for a practice. She files
> Schedule K-1. The practice she works for has approximately
> 12 Internists and a full time administrator and staff. Can
> she deduct business expenses such as
> 1) Mileage to and from the office
> 2) Car Payments
> 3) Gasoline

None of the above directly, but it's possible there are some
business miles that, if not reimbursed, can be claimed as
business related expenses by her. There may be other
business expenses she incurs that do not get reimbursed by
the practice (but should in my opinion).

--
Paul Thomas, CPA
paulthomascpapc[at]bellsouth.net

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

#2 03-29-2006, 08:29 AM

"Bill Brown" <brownwp[at]longwood.edu> wrote:
- quote -

> anurag.chawla[at]gmail.com wrote:

> > My wife is a physician who works for a practice. She files
> > Schedule K-1. The practice she works for has approximately
> > 12 Internists and a full time administrator and staff. Can
> > she deduct business expenses such as
> > 1) Mileage to and from the office
> > 2) Car Payments
> > 3) Gasoline

> Commuting from home to office is not deductible.
> In general, if an LLP has not elected out, it is taxed as a
> partnership. In that case, LLP members are NOT employees. If
> the LLP requires members to incur VALID business expenses
> without reimbursement, the member deducts those expenses on
> Schedule E.

One thing I've seen physicians get away with in small
corporations is to have the corporation provide a car and
gas, because the physician may be required to get to a
patient or emergency at any time, and must be ready to do
so. In other words, it would be for the convenience of the
employer rather than the employee.

Stu

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

#1 03-27-2006, 06:41 PM

anurag.chawla[at]gmail.com wrote:

- quote -

> My wife is a physician who works for a practice. She files
> Schedule K-1. The practice she works for has approximately
> 12 Internists and a full time administrator and staff. Can
> she deduct business expenses such as
> 1) Mileage to and from the office
> 2) Car Payments
> 3) Gasoline

1. No
2. No
3. No

Missy Doyle

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

03-27-2006, 06:40 PM

anurag.chawla[at]gmail.com wrote:

- quote -

> My wife is a physician who works for a practice. She files
> Schedule K-1. The practice she works for has approximately
> 12 Internists and a full time administrator and staff. Can
> she deduct business expenses such as
> 1) Mileage to and from the office
> 2) Car Payments
> 3) Gasoline

Commuting from home to office is not deductible.

In general, if an LLP has not elected out, it is taxed as a
partnership. In that case, LLP members are NOT employees. If
the LLP requires members to incur VALID business expenses
without reimbursement, the member deducts those expenses on
Schedule E.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

#-1 03-26-2006, 01:34 PM

My wife is a physician who works for a practice. She files
Schedule K-1. The practice she works for has approximately
12 Internists and a full time administrator and staff. Can
she deduct business expenses such as
1) Mileage to and from the office
2) Car Payments
3) Gasoline

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

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