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Medical Board Certification - are fees deductible?

 
 
Joe K
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      04-29-2009, 04:34 PM
My kids have to take National and State boards for medical licence. Each costs about
2300.00

Since they also work part time am wondering if the fees are deductible against income?

If so, what is that section or deduction called, ie. what form or where would I
indicate this on a return?

The board exams are not part of their school costs as the state and national boards
are administered and paid to totally separate entities.

Thank you.

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Arthur Kamlet
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      04-29-2009, 04:41 PM
In article <(E-Mail Removed)> ,
Joe K <(E-Mail Removed)> wrote:
>My kids have to take National and State boards for medical licence. Each
>costs about
>2300.00
>
>Since they also work part time am wondering if the fees are deductible
>against income?
>
>If so, what is that section or deduction called, ie. what form or where would I
>indicate this on a return?
>
>The board exams are not part of their school costs as the state and
>national boards
>are administered and paid to totally separate entities.



Assuming this is being considered for a Schedule C or a Schedule A
deduction, the general rule is that tests for a license or
certification for the first time are not deductible. Renewals
in connection with your trade or business may be deductible.
--

ArtKamlet at a o l dot c o m Columbus OH K2PZH

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<< 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. >>
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Dick Adams
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      04-30-2009, 02:52 AM
Arthur Kamlet <(E-Mail Removed)> wrote:
>Joe K <(E-Mail Removed)> wrote:


>> My kids have to take National and State boards for medical
>> licence. Each costs about 2300.00
>>
>> Since they also work part time am wondering if the fees are
>> deductible against income?
>>
>> If so, what is that section or deduction called, ie. what
>> form or where would I indicate this on a return?
>>
>> The board exams are not part of their school costs as the
>> state and national boards are administered and paid to
>> totally separate entities.


> Assuming this is being considered for a Schedule C or a Schedule A
> deduction, the general rule is that tests for a license or
> certification for the first time are not deductible. Renewals
> in connection with your trade or business may be deductible.


If passing this exam is required before a Med School grad
can work in a hospital as an intern, then IMRHO the cost
falls under the general rule above and it most likely is
not deductible.

There are exceptions to the general rule. But, as expected,
they are based on facts and circumstances. We need more
information form which to make an informed guess in this
case.

An example would be a Pharmacy student having passed the
Pharmacy Technician license and working as one in a Pharmacy,
may be able to deduct the cost of the Pharmacist exam because
he/she is working in the industry.

Myself and many others I know wrote off the cost of Graduate
Business School as Continuing Professional Education because
we had Profesional Certifications that required 40 hours of
relevant CPE credits each.

Lots of things are possible if you plan in advance.

Dick

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<< ------------------------------------------------------- >>
<< 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. >>
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