Go Back   CDN Business Directory > Main Category > Taxes

 
 
Thread Tools Display Modes
  #10  
Old 01-15-2008, 11:47 PM
Howard Kaikow
Guest
 
Posts: n/a
Default Re: Car: Medical Expenses

"Phil Marti" <prm20871[at]verizon.net> wrote in message
news:z3_ij.4426$Y63.4124[at]trnddc03...
- quote -

> Write your members of Congress and tell them to fix it or else you'll
throw
> 'em out. They just love to hear from constituents, especially in election
> years.


The last time I wrote to a member of congress, I got an absolutely useless
reply.

In this internet age, it may be more effective to publicize an issue in a
forum/newsgroup/blog, hope others agree, and hope some news media latches
on.

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >
  #9  
Old 01-15-2008, 07:24 AM
Phil Marti
Guest
 
Posts: n/a
Default Re: Car: Medical Expenses

"Howard Kaikow" wrote:

- quote -

> The deduction for medical use should not be inherently different than for
> business use.


Write your members of Congress and tell them to fix it or else you'll throw
'em out. They just love to hear from constituents, especially in election
years.
--
Phil Marti
Clarksburg, MD

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >
  #8  
Old 01-12-2008, 06:37 PM
Bill Brown
Guest
 
Posts: n/a
Default Re: Car: Medical Expenses

On Jan 11, 5:31*pm, "Howard Kaikow" <kai...[at]standards.com> wrote:
- quote -

> "Bill Brown" <brow...[at]longwood.edu> wrote in message
> news:64e93cb9-60c9-4df1-9088-6c2a1c734a51[at]i29g2000prf.googlegroups.com...
> > On Jan 10, 9:45 pm, "Howard Kaikow" <kai...[at]standards.com> wrote:
> > > Why then are such expenses allowed for business related miles?

> > Because Congress said so.

> Silly me, obviously any decision by Congress is both rational and correct.


If you want to know the reason Congress passed a law you will have to
ask Congress.

If you believe that everyone will agree with your definitions of
"rational" and "correct," you are probably mistaken. That's why we
have elections.

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >
  #7  
Old 01-12-2008, 06:35 PM
Bill Brown
Guest
 
Posts: n/a
Default Re: Car: Medical Expenses

On Jan 11, 5:32*pm, "Howard Kaikow" <kai...[at]standards.com> wrote:

....

- quote -

> Seems that such costs are deductible for business use, but not for medical
> use.
> The deduction for medical use should not be inherently different than for
> business *use.


Why?

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >
  #6  
Old 01-12-2008, 01:15 AM
Una
Guest
 
Posts: n/a
Default Re: Car: Medical Expenses

Howard Kaikow <kaikow[at]standards.com> wrote:
- quote -

> So a large porttion of the costs are fixed, no matter how many miles I
> drove.


Correct.

- quote -

> Seems that such costs are deductible for business use, but not for medical
> use.


Correct.

- quote -

> The deduction for medical use should not be inherently different than for
> business use.


I wish they were the same. And I wish deductions for volunteer use
were also the same as for business use. But they are not the same.

Una

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >
  #5  
Old 01-11-2008, 09:32 PM
Howard Kaikow
Guest
 
Posts: n/a
Default Re: Car: Medical Expenses

"Una" <una[at]att.net> wrote in message news:fm6uvs$3tm$1[at]doliolum.localnet...
- quote -

> Over 50% of my 2006 miles were for medical care. I filed in October.
> Filing for 2007 will be a piece of cake.
> However, that is irrelevant to which method (standard rate or actual
> cost) gets you a higher deduction. What matters is how fuel-efficient
> your vehicle is. Also, don't confuse rules re medical expenses with
> rules re business expenses; they are not related.
> For me, the actual cost method would have been a PITA because I drove
> multiple vehicles.


In my case, gaz guzzling is not the issue.
In 2006, I drove only 1300 miles.
In 2007, I drove only 1093 miles.
So a large porttion of the costs are fixed, no matter how many miles I
drove.

Seems that such costs are deductible for business use, but not for medical
use.
The deduction for medical use should not be inherently different than for
business use.

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >
  #4  
Old 01-11-2008, 09:31 PM
Howard Kaikow
Guest
 
Posts: n/a
Default Re: Car: Medical Expenses

"Bill Brown" <brownwp[at]longwood.edu> wrote in message
news:64e93cb9-60c9-4df1-9088-6c2a1c734a51[at]i29g2000prf.googlegroups.com...
- quote -

> On Jan 10, 9:45 pm, "Howard Kaikow" <kai...[at]standards.com> wrote:
> > Why then are such expenses allowed for business related miles?

> Because Congress said so.


Silly me, obviously any decision by Congress is both rational and correct.

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >
  #3  
Old 01-11-2008, 04:26 PM
Una
Guest
 
Posts: n/a
Default Re: Car: Medical Expenses

Howard Kaikow <kaikow[at]standards.com> wrote:
- quote -

> 35.23% of my 2007 miles were medically related.

Over 50% of my 2006 miles were for medical care. I filed in October.
Filing for 2007 will be a piece of cake.

However, that is irrelevant to which method (standard rate or actual
cost) gets you a higher deduction. What matters is how fuel-efficient
your vehicle is. Also, don't confuse rules re medical expenses with
rules re business expenses; they are not related.

For me, the actual cost method would have been a PITA because I drove
multiple vehicles.

Una

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >
  #2  
Old 01-11-2008, 03:39 AM
Bill Brown
Guest
 
Posts: n/a
Default Re: Car: Medical Expenses

On Jan 10, 9:45*pm, "Howard Kaikow" <kai...[at]standards.com> wrote:

- quote -

> Why then are such expenses allowed for business related miles?

Because Congress said so.

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >
  #1  
Old 01-11-2008, 01:45 AM
Howard Kaikow
Guest
 
Posts: n/a
Default Re: Car: Medical Expenses

"Una" <una[at]att.net> wrote in message news:fm5dp4$1tp$1[at]doliolum.localnet...
- quote -

> As medical expenses, you can claim the gas, oil, and filters. Not
> the other stuff; those expenses are not affected by your extra
> medical-related mileage. And to get actual expenses you must pro-
> rate your total expenses for gas etc ("consumables") by the
> proportion of miles you drove the car for medical reasons. That
> requires a lot of recordkeeping.
> For what it's worth, I keep extremely detailed records and I found
> the standard mileage rate for medical expenses was easier to document
> and gave me a larger deduction. Your Mileage May Vary, as they say;
> if you drive a gas-guzzler then actual expenses may be in your favor.


Why then are such expenses allowed for business related miles?

35.23% of my 2007 miles were medically related.

Record keeping is trivial if one know how to use, say, Excel.

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >
 
Old 01-10-2008, 03:06 PM
Una
Guest
 
Posts: n/a
Default Re: Car: Medical Expenses

As medical expenses, you can claim the gas, oil, and filters. Not
the other stuff; those expenses are not affected by your extra
medical-related mileage. And to get actual expenses you must pro-
rate your total expenses for gas etc ("consumables") by the
proportion of miles you drove the car for medical reasons. That
requires a lot of recordkeeping.

For what it's worth, I keep extremely detailed records and I found
the standard mileage rate for medical expenses was easier to document
and gave me a larger deduction. Your Mileage May Vary, as they say;
if you drive a gas-guzzler then actual expenses may be in your favor.

Una

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >
  #-1  
Old 01-10-2008, 01:07 PM
Howard Kaikow
Guest
 
Posts: n/a
Default Car: Medical Expenses

It is my understanding that, if one uses the standard mileage deduction for
a car the first year, then one can choose to use either the standard mileage
deduction or actual expenses in subsequent years.

In that case, I need to switch to actual costs for 2007.

In my case, my total car expenses include the following categories:

Gas
Motor vehicle registration
oil and oil filter
Required state inspection and emissions tests
Insurance
AAA

Pub 17 states:

"You can include out-of-pocket expenses, such as the cost
of gas and oil, when you use your car medical reasons. You
cannot include depreciation, insurance, general repair, or
maintenance expenses."

Does that mean that only insurance must be excluded from my car expenses
for the purposes of medical expenses?
Parking fees and tools are extra.

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >
 

Tags
car, expenses, medical
Similar Threads
Thread Forum Replies Last Post
Medical expenses
Marion1E@comcast.net: I am a sole proprietor. My husband and I pay our medical expenses directly. We do not have medical insurance. My husband does some consultant work....
Taxes 9 02-22-2007 09:26 PM
Medical Expenses deduction...
Shhhh: Hello all, I pay for my families health insurance myself through Blue Cross Blue Shiel... pay about $375 a month... in addition to physician...
Taxes 7 03-04-2006 10:49 PM
Medical Expenses
**THE-RFI-EMI-GUY**: I have some pretty large family medical expenses this year related to an accident my son had. While the insurance company is to cover some things...
Taxes 9 10-14-2004 10:01 AM



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

All times are GMT. The time now is 02:11 PM.