|
#12
| |||
| |||
| Nan, EA in LA wrote: - quote - > THAT I know! However, even IRS is occasionally logical, and
And further to my reply above, it should be noted that> some of their older employees must have the same problem. > Another example is the 81 mg aspirin. NO one takes that low > a dose for pain. Doctors routinely tell heart patients to > take one a day for heart health. And the minute surgery is > scheduled, they ask whether or not one is taking it and to > stop for a period before and after the surgery. So the 81 > mg is potent for one use (purely medical) and not another > (relieve pain). although my medical doctor recommends said libations, unfortunately my medicine is not tax deductible. there, still on topic. (grin) ChEAr$, Harlan << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#11
| |||
| |||
| Nan, EA in LA wrote: - quote - > THAT I know! However, even IRS is occasionally logical, and > some of their older employees must have the same problem. > Another example is the 81 mg aspirin. NO one takes that low > a dose for pain. Doctors routinely tell heart patients to > take one a day for heart health. And the minute surgery is ....snipped. aspirin? for heart health? I like my daily medicine better; amber coloured and in a bottle, imported from Scotland. "A wee dram a day, keeps the doctor at bay." (I made it up.) ChEAr$, Harlan << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#10
| |||
| |||
| "Nan, EA in LA" <naneklund[at]aol.com> wrote in - quote - > Another example is the 81 mg aspirin. NO one takes that low
I could at length pontificate on this subject, since I have> a dose for pain. Doctors routinely tell heart patients to > take one a day for heart health. And the minute surgery is > scheduled, they ask whether or not one is taking it and to > stop for a period before and after the surgery. So the 81 > mg is potent for one use (purely medical) and not another > (relieve pain). done research on the subject. <start rantThe low dose (if taken daily) will in the majority of people inhibit (partially block) some reactions of platelets. These cell fragments, circulating in the blood, are thought of as causing at times an inappropriate thrombus, and possibly heart attack or stroke. Of course, you would want platelets to be able to help stop bleeding, as in surgery, and then aspirin is inappropriate. Because of the ~10 day life of platelets, and their inability to overcome aspirin inhibition, you need to stop taking ASA 2 weeks before, and stay off a while after. There is a lot more, such as the question why only 25-30% of people benefit from regular low-dose aspirin. Medicine these days is acting rather schizophrenically. On the one hand nothing gets approved until it is really proved to be safe and effective in a particular application. However, once approved for one thing, doctors may prescribe the medication for almost anything they think is good, and the thinking may be influenced by big pharma. <end rant -- Best regards Han email address is invalid Moderator: All of this is well and good, but it is not tax-related. I take 12 different prescription drugs and three OTC drugs daily and that does not include the pain killers. If it does not require a prescription, it is not deductible. Don't continue this thread unless you want to discuss taxes. << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#9
| |||
| |||
| A.G. Kalman wrote: - quote - > Benjamin Yazersky CPA wrote:
While agreeing with what you say, I can't agree that> > "Nan, EA in LA" <naneklund[at]aol.com> wrote: > > > I have a lot of elderly clients (including me) who are told > > > to take OTC drugs by their doctor. Last I heard IRS won't > > > allow deduction of OTC medicines. Case in point: I was > > > prescribed Actonol for bone loss (common in elderly) but it > > > must be taken with calcium plus D which is over the counter, > > > i.e., not a prescription. Diuretics (prescribed) often > > > require potassium or other "vitamins" which are OTC. And > > > the list is long, from skin medications to 81 mg aspirin for > > > heart patients. > > > > > Has IRS ever addressed this combination of > > > prescription-plus-OTC medication? > > Is your otc medication prescribed by a Dr on a Rx ? > > > I think that if the Dr writes you a Rx to take a particular > > medication, it should be deductible. > I believe that Sec. 213(a) requires a prescribed drug as > defined in S. 213(d)(3): > (3) Prescribed drug. - The term ''prescribed drug'' means a > drug or biological which requires a prescription of a > physician for its use by an individual. > While I don't have any citations at hand, the legal position > has always been that the deduction is only allowed for those > drugs that can only be acquired via a doctor's prescription. "always" is true. Years ago, a client had a prescription from the doctor for so much beer a day (kidney problem) and this was deductible. But then somewhere along the line IRS clarified it as you describe above. And for the better I think. ChEAr$, Harlan Lunsford, EA n LA << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#8
| |||
| |||
| Harlan Lunsford <hnslunsf...[at]bellsouth.net> wrote: - quote - > rlsuse...[at]NOSPAMPUHLEEZschnapp.org wrote:
THAT I know! However, even IRS is occasionally logical, and> > Nan, EA in LA wrote: > > > I have a lot of elderly clients (including me) who are told > > > to take OTC drugs by their doctor. Last I heard IRS won't > > > allow deduction of OTC medicines. Case in point: I was > > > prescribed Actonol for bone loss (common in elderly) but it > > > must be taken with calcium plus D which is over the counter, > > > i.e., not a prescription. Diuretics (prescribed) often > > > require potassium or other "vitamins" which are OTC. And > > > the list is long, from skin medications to 81 mg aspirin for > > > heart patients. > > Are you *SURE* that OTC medications are not deductible? For > > the purposes of 125 ("cafeteria") plans, they are > > reimbursable -- whether they are prescribed by a doctor or > > not. > > > I have always assumed that the rules for Rx reimbursement > > from a 125 plan were the same as deductibility on Schedule > > A. > The real problem with what you say is that is is logical. > And that is not necessarily the case with tax law. some of their older employees must have the same problem. Another example is the 81 mg aspirin. NO one takes that low a dose for pain. Doctors routinely tell heart patients to take one a day for heart health. And the minute surgery is scheduled, they ask whether or not one is taking it and to stop for a period before and after the surgery. So the 81 mg is potent for one use (purely medical) and not another (relieve pain). I don't read all the Rev Rules as they drift past. Should, but can't. Some clarification might have existed that I missed - hopefully. Nan, EA in LA << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#7
| |||
| |||
| Benjamin Yazersky CPA wrote: - quote - > "Nan, EA in LA" <naneklund[at]aol.com> wrote:
I believe that Sec. 213(a) requires a prescribed drug as> > I have a lot of elderly clients (including me) who are told > > to take OTC drugs by their doctor. Last I heard IRS won't > > allow deduction of OTC medicines. Case in point: I was > > prescribed Actonol for bone loss (common in elderly) but it > > must be taken with calcium plus D which is over the counter, > > i.e., not a prescription. Diuretics (prescribed) often > > require potassium or other "vitamins" which are OTC. And > > the list is long, from skin medications to 81 mg aspirin for > > heart patients. > > > Has IRS ever addressed this combination of > > prescription-plus-OTC medication? > Is your otc medication prescribed by a Dr on a Rx ? > I think that if the Dr writes you a Rx to take a particular > medication, it should be deductible. defined in S. 213(d)(3): (3) Prescribed drug. - The term ''prescribed drug'' means a drug or biological which requires a prescription of a physician for its use by an individual. While I don't have any citations at hand, the legal position has always been that the deduction is only allowed for those drugs that can only be acquired via a doctor's prescription. << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#6
| |||
| |||
| rlsusenet[at]NOSPAMPUHLEEZschnapp.org wrote: - quote - > Nan, EA in LA wrote:
Your assumption is incorrect. The change to Sec. 125 plans> > I have a lot of elderly clients (including me) who are told > > to take OTC drugs by their doctor. Last I heard IRS won't > > allow deduction of OTC medicines. Case in point: I was > > prescribed Actonol for bone loss (common in elderly) but it > > must be taken with calcium plus D which is over the counter, > > i.e., not a prescription. Diuretics (prescribed) often > > require potassium or other "vitamins" which are OTC. And > > the list is long, from skin medications to 81 mg aspirin for > > heart patients. > Are you *SURE* that OTC medications are not deductible? For > the purposes of 125 ("cafeteria") plans, they are > reimbursable -- whether they are prescribed by a doctor or > not. > I have always assumed that the rules for Rx reimbursement > from a 125 plan were the same as deductibility on Schedule A. that allowed for reimbursement of OTC drugs with pre-tax dollars was announced in 9/03. See IR 2003-108 and RR 2003-102. The IRS notices made it clear that this only related to flexible spending accounts and not to medical deductions on Schedule A. http://www.irs.gov/newsroom/article/...112623,00.html << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#5
| |||
| |||
| <NoSuchPer...[at]bigfoot.com> wrote: - quote - > Are you *SURE* that OTC medications are not deductible? For
While the rules for 125 reimbursement changed, the rules for> the purposes of 125 ("cafeteria") plans, they are > reimbursable -- whether they are prescribed by a doctor or > not. medical deductions on Schedule A did not. - quote - > I have always assumed that the rules for Rx reimbursement
Once certain OTC drugs became reimburseable that became no> from a 125 plan were the same as deductibility on Schedule A. longer true. << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#4
| |||
| |||
| "rlsusenet[at]NOSPAMPUHLEEZschnapp.org" writes: - quote - > I have always assumed that the rules for Rx reimbursement
They aren't. The 125 rules are more liberal.> from a 125 plan were the same as deductibility on Schedule A. -- Rich Carreiro rlcarr[at]animato.arlington.ma.us << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#3
| |||
| |||
| rlsusenet[at]NOSPAMPUHLEEZschnapp.org wrote: - quote - > Nan, EA in LA wrote:
The real problem with what you say is that is is logical.> > I have a lot of elderly clients (including me) who are told > > to take OTC drugs by their doctor. Last I heard IRS won't > > allow deduction of OTC medicines. Case in point: I was > > prescribed Actonol for bone loss (common in elderly) but it > > must be taken with calcium plus D which is over the counter, > > i.e., not a prescription. Diuretics (prescribed) often > > require potassium or other "vitamins" which are OTC. And > > the list is long, from skin medications to 81 mg aspirin for > > heart patients. > Are you *SURE* that OTC medications are not deductible? For > the purposes of 125 ("cafeteria") plans, they are > reimbursable -- whether they are prescribed by a doctor or > not. > I have always assumed that the rules for Rx reimbursement > from a 125 plan were the same as deductibility on Schedule > A. And that is not necessarily the case with tax law. ChEAr$, Harlan Lunsford, EA n LA << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#2
| |||
| |||
| "rlsusenet[at]NOSPAMPUHLEEZschnapp.org" <NoSuchPerson[at]bigfoot.com> wrote in - quote - > Nan, EA in LA wrote:
OTC medications other than insulin are not deductible. The> > I have a lot of elderly clients (including me) who are told > > to take OTC drugs by their doctor. Last I heard IRS won't > > allow deduction of OTC medicines. Case in point: I was > > prescribed Actonol for bone loss (common in elderly) but it > > must be taken with calcium plus D which is over the counter, > > i.e., not a prescription. Diuretics (prescribed) often > > require potassium or other "vitamins" which are OTC. And > > the list is long, from skin medications to 81 mg aspirin for > > heart patients. > Are you *SURE* that OTC medications are not deductible? For > the purposes of 125 ("cafeteria") plans, they are > reimbursable -- whether they are prescribed by a doctor or > not. > I have always assumed that the rules for Rx reimbursement > from a 125 plan were the same as deductibility on Schedule A. rules for 125 plan reimbursements are not the same as the Schedule A deductibility rules. That's one of the advantages of 125 plans. Ira Smilovitz << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#1
| |||
| |||
| Nan, EA in LA wrote: - quote - > I have a lot of elderly clients (including me) who are told
Are you *SURE* that OTC medications are not deductible? For> to take OTC drugs by their doctor. Last I heard IRS won't > allow deduction of OTC medicines. Case in point: I was > prescribed Actonol for bone loss (common in elderly) but it > must be taken with calcium plus D which is over the counter, > i.e., not a prescription. Diuretics (prescribed) often > require potassium or other "vitamins" which are OTC. And > the list is long, from skin medications to 81 mg aspirin for > heart patients. the purposes of 125 ("cafeteria") plans, they are reimbursable -- whether they are prescribed by a doctor or not. I have always assumed that the rules for Rx reimbursement from a 125 plan were the same as deductibility on Schedule A. << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| | |||
| |||
| "Nan, EA in LA" <naneklund[at]aol.com> wrote: - quote - > I have a lot of elderly clients (including me) who are told
Is your otc medication prescribed by a Dr on a Rx ?> to take OTC drugs by their doctor. Last I heard IRS won't > allow deduction of OTC medicines. Case in point: I was > prescribed Actonol for bone loss (common in elderly) but it > must be taken with calcium plus D which is over the counter, > i.e., not a prescription. Diuretics (prescribed) often > require potassium or other "vitamins" which are OTC. And > the list is long, from skin medications to 81 mg aspirin for > heart patients. > Has IRS ever addressed this combination of > prescription-plus-OTC medication? I think that if the Dr writes you a Rx to take a particular medication, it should be deductible. ___________________________________ <<< Benjamin Yazersky, CPA [NJ & NY] > > -----> real address on hobokeni or hobokenx <----- << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#-1
| |||
| |||
| I have a lot of elderly clients (including me) who are told to take OTC drugs by their doctor. Last I heard IRS won't allow deduction of OTC medicines. Case in point: I was prescribed Actonol for bone loss (common in elderly) but it must be taken with calcium plus D which is over the counter, i.e., not a prescription. Diuretics (prescribed) often require potassium or other "vitamins" which are OTC. And the list is long, from skin medications to 81 mg aspirin for heart patients. Has IRS ever addressed this combination of prescription-plus-OTC medication? Nan, EA in LA << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| drugs, medicine, otc, prescribed, required |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Doctor prescribed supplements & tax deduction or 125 plan soulofcicero: My doctor has advised me to take calcium and vitamin D supplements for osteopenia and prevention of osteoporosis. Questions: 1. Can I be... | Taxes | 3 | 12-29-2003 09:46 PM | |
| Deductibility of Rx Drugs From Canada A.G. Kalman: So I'm at this holiday party when someone asks me if his mother can deduct the costs of Rx drugs that she receives via mail from Canada. I said... | Taxes | 7 | 12-29-2003 01:56 AM | |
| Thread Tools | |
| Display Modes | |
| |