Accounting Analysis

Accounting Analysis

According to the IRC sec 213.a which states that deduction must be allowed for the expenses that are paid during the taxable year, that must not to be compensated or otherwise, for the medical care of the person paying tax, spouse or a dependent to the extent that exceeds 7.5% for the adjustment of the gross income. Sec (d) defines medical care as amounts paid for:

For the purpose of affecting any function of the organs of body, diagnosis , cure or the preventions or the precautions against disease.

The cost of transportation essential for the medical care.

For the long term ...