1. Dismiss Notice
  2. Download free Tapatalk for iPhone or Tapatalk for Android for your phone and follow the SDN forums with push notifications.
    Dismiss Notice
  3. Hey Texans—join us for a DFW meetup! Click here to learn more.
    Dismiss Notice

tax deduction for office gifts

Discussion in 'Finance and Investment' started by michaelrack, Dec 13, 2008.

  1. michaelrack

    michaelrack All In at the wrong time
    Physician SDN Advisor 10+ Year Member

    Joined:
    Dec 22, 2007
    Messages:
    3,835
    Likes Received:
    954
    Status:
    Attending Physician
    I am a medical director of a sleep lab (LLC) and also have a private practice (sole proprietorship). Are gift cards that I give the sleep lab's technicians tax deductible (either against my income from the LLC or the sole proprietorship)? Are gift baskets- containing chocolate, nuts, etc- that I give to hospitals/doctor's offices tax deductible?

    thanks

    Michael Rack
     
  2. Note: SDN Members do not see this ad.

  3. The White Coat Investor

    The White Coat Investor AKA ActiveDutyMD
    Physician Partner Organization 10+ Year Member

    Joined:
    Nov 18, 2002
    Messages:
    5,145
    Likes Received:
    2,221
    Status:
    Attending Physician
    Perhaps as part of an advertising cost....put a business card in them?

    (Consult with your tax advisor before implementing this.)
     
  4. tdavidl

    tdavidl Dental CPA

    Joined:
    Jan 6, 2009
    Messages:
    1
    Likes Received:
    0
    Status:
    Non-Student
    you should have no problems deducting those items.
     
  5. michaelrack

    michaelrack All In at the wrong time
    Physician SDN Advisor 10+ Year Member

    Joined:
    Dec 22, 2007
    Messages:
    3,835
    Likes Received:
    954
    Status:
    Attending Physician

Share This Page