Saturday, 5 July 2014

LOSING WEIGHT CAN BE TAX DEDUCTIBLE!

Federal Tax Deduction:
The Genetic Key Diet workshop and coaching meetings may be tax deductible.The IRS has ruled that you may deduct the fees for weight loss programs on your federal taxes. You may also attend periodic weight loss meetings as part of your medical care.
To see if you are able to deduct the costs of these programs from your taxes, provide your accountant with:
1) A letter from your doctor
2) A prescription from your doctor

Flex/HSA Account:

You may also use funds from your Flex Account or Health Savings Account to cover the cost of weight loss programs and meetings.
To see if these programs can be credited to your Flex or HSA Account, you will need:
1) A letter from your doctor
2) A prescription from your doctor
Insurance:
Some insurance programs may cover the costs of weight loss programs. Please contact your insurance company for additional information. Your insurance company may also require a prescription from your doctor.
DOCTOR'S LETTER:
A letter from your doctor must state the diagnosis and a need to be on a healthy controlled diet program to improve a health condition, such as low blood sugar, obesity, hypertension or other diseases related to diet control needs. Save this letter for your files. This letter will be your approval to deduct these medical expenses on your taxes or use your Flex account to pay for the weight loss workshops and coaching.
Obesity is medically accepted to be a disease in its own right. Obesity = (Body Mass Index >35%)
PRESCRIPTION:
If the doctor prescribes that you will also need to have nutritional support for this weight management wellness program, you will be able to write off supportive nutritional supplements as a personal federal tax deduction or use your company Flex Account/HSA Account to pay for the nutritional supplements.
This is possible because our coaching certification is approved and recognized by the International Association of Complementary Medicine.

1 comments:

  1. Information giving Article! I admire you. I totally concur with you. On the off chance that we discuss current situation then it is must be upgrade.
    Buy HCG Diet Drops

    ReplyDelete

 
LOSING WEIGHT CAN BE TAX DEDUCTIBLE! Fat Burning- Tips User-agent: Mediapartners-Google Disallow: User-agent: * Disallow: /search Allow: / User-agent: * Disallow: /*.html Allow: /*.html$ Sitemap: http://www.freefatburningtips.com/feeds/posts/default?orderby=UPDATED