Reimbursable expenses

[Gaseous Clay]

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I am looking for guidance on this topic. I manage a small group and part of that is reimbursing my employees for CME and other types of expenses. I do report to the hospital all our expenses since we do depend on a monthly stipend. Just recently someone asked about an Apple Watch since they would only use it during home call duties. When I asked, I was told that they do not even reimburse their employed physicians for their cell phones. I found this quite surprising. Yes I understand we all have phones for personal use, but we are also required to have a phone for communication at the hospital and on call duties.

Do any of you have guidelines on what types of items are reimbursable in your practices? Any help would be appreciated, thanks!

 

[chessknt]

My employer covers a smart watch under a wellness reimbursement for its pedometer or some such nonsense. We get a monthly stipend for cell phone bill coverage.

 

[TeslaCoil]

I am looking for guidance on this topic. I manage a small group and part of that is reimbursing my employees for CME and other types of expenses. I do report to the hospital all our expenses since we do depend on a monthly stipend. Just recently someone asked about an Apple Watch since they would only use it during home call duties. When I asked, I was told that they do not even reimburse their employed physicians for their cell phones. I found this quite surprising. Yes I understand we all have phones for personal use, but we are also required to have a phone for communication at the hospital and on call duties.

Do any of you have guidelines on what types of items are reimbursable in your practices? Any help would be appreciated, thanks!

What I can tell you is that smart watches are a tax deductible business expense. Up to the practice if they want to reimburse for it and make the tax deduction. Of course, always check with your cpa as I am giving you completely informal advice. I am a 1099’er and I use smartwatches and deduct the purchase as an expense.

 

[GassYous]

Phones, smart watches, laptops as well as included accessories and repairs/parts are tax deductible. You should also be able to deduct the service charges as well. If you have a home office you can do a percent of your bills based on square footage. Makes no sense to limit what you can do beyond irs guidelines.

 

[aneftp]

I’m the Master of tax deductions. But I have to say it’s up to whoever is paying for the reimbursement.

Lots of grey areas of tax deductibles as everyone slams against what I have done in the past.

Almost Anything can justified as tax deductible even new 3k suits for job interviews.

Smart watches , other electronic gadgets can be claimed as well. Again. Who is approving the deductions?

Of note. Places have gotten super lax with cme deductions. In the past u had to travel or attend a physical course. Now people do online cme (Asa ace course) anywhere they want to take cme. If I wanted to be Douche bag. I’d tell them they can take Asa ace course at hospital library 8-4pm (5 days a week). But I’m not a douche bag.

So it depends on administration who covers ur reimbursement

 

[The Duck Knows]

I’m the Master of tax deductions. But I have to say it’s up to whoever is paying for the reimbursement.

Lots of grey areas of tax deductibles as everyone slams against what I have done in the past.

Almost Anything can justified as tax deductible even new 3k suits for job interviews.

Smart watches , other electronic gadgets can be claimed as well. Again. Who is approving the deductions?

Of note. Places have gotten super lax with cme deductions. In the past u had to travel or attend a physical course. Now people do online cme (Asa ace course) anywhere they want to take cme. If I wanted to be Douche bag. I’d tell them they can take Asa ace course at hospital library 8-4pm (5 days a week). But I’m not a douche bag.

So it depends on administration who covers ur reimbursement

For the benefit of some of us who are newer to practice, any pearls you can drop?

 

[thinkorswim]

For the benefit of some of us who are newer to practice, any pearls you can drop?

Great, let’s just open Pandora’s box for the hundredth time. His tax advice tends to bring out passionate opinions from all sides.

 

[Arch Guillotti]

For the benefit of some of us who are newer to practice, any pearls you can drop?

no limits

 

[pgg]

I’m the Master of tax deductions.

Tax fraud, maybe

Almost Anything can justified as tax deductible even new 3k suits for job interviews.

Deducting job hunting expenses has been explicitly disallowed by the IRS since 2018, when the tax cuts and jobs act removed the 2% misc itemized deduction.

Even before then, misc job deductions had to exceed 2% of your AGI before you could start.

You can no longer claim any miscellaneous itemized deductions that are subject to the 2%-of-AGI limitation

 

[Arch Guillotti]

Tax fraud, maybe



Deducting job hunting expenses has been explicitly disallowed by the IRS since 2018, when the tax cuts and jobs act removed the 2% misc itemized deduction.

Even before then, misc job deductions had to exceed 2% of your AGI before you could start.

you do realize who you are dealing with though?

 

[rick roller pump]

Are any of these deductions available to hospital employed W2 employees?

 

[aneftp]

Tax fraud, maybe



Deducting job hunting expenses has been explicitly disallowed by the IRS since 2018, when the tax cuts and jobs act removed the 2% misc itemized deduction.

Even before then, misc job deductions had to exceed 2% of your AGI before you could start.

Not when you are 1099. My accountant has already verified the legality of this. People just don’t get it. I clear these maneuvers with my long time lawyer/cpa before I do this. They have built in audit protection as well.

The key is to maintain a certain amount of 1099 income each year. If you are strictly w2 then yes. It’s not allowed.

No tax fraud involved. By the way. I’ve probably done s corp tax filing 14 out of 20 years I’ve been out. I know the rules. I may have enough 1099 income this year to justify any legal write off (this year).

 

[blackbolt]

Not when you are 1099. My accountant has already verified the legality of this. People just don’t get it. I clear these maneuvers with my long time lawyer/cpa before I do this. They have built in audit protection as well.

The key is to maintain a certain amount of 1099 income each year. If you are strictly w2 then yes. It’s not allowed.

No tax fraud involved. By the way. I’ve probably done s corp tax filing 14 out of 20 years I’ve been out. I know the rules. I may have enough 1099 income this year to justify any legal write off (this year).

Any other grey areas? The online CME thing is nifty, but hard to see a CPA signing off on that (writing off large vacationing expenses if you have an online CME certificate etc but Im sure people do it anyway). Im a new 1099 person, so all this stuff is interesting. I dont get the hate whenever you post about it.

 

[Maverikk]

I knew someone who wrote off their camper van, he did use it a lot for locums, and still collected the lodging stipend

 

[aneftp]

I knew someone who wrote off their camper van, he did use it a lot for locums, and still collected the lodging stipend

Most people do that. I’ve been telling people.

In the past locums would pay $150-250 for hotels. Now people are taking the lodging monthly stipend ($150/day or $4000/month). Many of the locums crnas at my place commute in to work plus take the $4000/month lodging.

 

[Status Sciaticus]

I am looking for guidance on this topic. I manage a small group and part of that is reimbursing my employees for CME and other types of expenses. I do report to the hospital all our expenses since we do depend on a monthly stipend. Just recently someone asked about an Apple Watch since they would only use it during home call duties. When I asked, I was told that they do not even reimburse their employed physicians for their cell phones. I found this quite surprising. Yes I understand we all have phones for personal use, but we are also required to have a phone for communication at the hospital and on call duties.

Do any of you have guidelines on what types of items are reimbursable in your practices? Any help would be appreciated, thanks!

Thats a crap move. If you are required to have something then it needs to be provided by the employer. If they want you to have a phone for communication, then they need to cover its cost.

You can also do the amazon trick.. buy whatever is allowed/covered by your CME. get the money, return the item.

 

[aneftp]

Thats a crap move. If you are required to have something then it needs to be provided by the employer. If they want you to have a phone for communication, then they need to cover its cost.

You can also do the amazon trick.. buy whatever is allowed/covered by your CME. get the money, return the item.

Employers can enforce their will if we want to play this game.

They will reimburse for cell phone and smart watches. But retain the right to audit all text and calls.

How would you feel about that ?

A lot to reimburse expenses have gotten audited. Officials Employees who used companies reimbursed cell phones to call strip clubs/call girls over.
Read the fine print what the stipulations regarding reimbursement are.

Hugh Freeze called escort services at least 12 times on his Ole Miss cell phone

Hugh Freeze is exemplifying the value of not using escort services if you're the head coach of a college football team, or at least the value of a burner.

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