Publisher
WiseGuides, Inc.
2796 Greenspire Ln
Akron, Oh 44333
Medical Expenses
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Copyright © 2010 | Field of Study: Taxes Level: Basic Recommended CPE Credit 2 hours Prerequisites: None Advanced Preparation: None Type of Delivery: Self-Study Expiration: Course expires 1 year after purchase Course Update: January 2010 Accreditation: NASBA, IRS, CTEC, OTPB Guarantee/Complaint Resolution |
Course Outline
Lesson 1 - WHAT EXPENSES TO INCLUDE
Learning Objectives 1
What Expenses to Include
Decedent's Medical Expenses
Important Changes
Lesson 2 - WHOSE MEDICAL EXPENSES TO INCLUDE
Learning Objectives 2
Spouse
Dependents
Adopted Child, Multiple Support
Child of Divorced Parents
Lesson 3 - ALLOWABLE MEDICAL EXPENSES
Learning Objectives 3
Deductible Checklist
Capital Expenses
Sale of Medical Property
Insurance Premiums
Nursing Services
Weight-Loss Program
Lesson 4 - MEALS, LODGING, TRANSPORTATION
Learning Objectives 4
Meals and Lodging
Transportation
Lesson 5 - DISABLED DEPENDENT CARE EXPENSES
Learning Objectives 5
Dependents With Disabilities
Special Home, School
Impairment-related Expenses
Personal Injury Damages
Lesson 6 - NONDEDUCTIBLE CHECKLIST
Learning Objectives 6
Nondeductible Checklist
Lesson 7 - INSURANCE REIMBURSEMENT
Learning Objectives 7
Insurance Reimbursement
Premiums Paid
More Than One Policy
Reimbursement in a Later Year
Lesson 8 - HOW TO FIGURE DEDUCTION
Learning Objectives 8
How to Figure Deduction
Lesson 9 - HEALTH INSURANCE CREDIT
Learning Objectives 9
Health Insurance Credit
Eligible Individual Credit
Credit for Family Members
Qualifying Health Insurance
Nonqualifying Insurance
Eligible Coverage Month
Other Specified Coverage
To Claim the Credit
Refundable and Advanceable
COBRA Premium Assistance
Course Objectives
Lesson - 1After completing this lesson, you will be able to:
- Identify medical expenses to include on the decedent's final return
- Pay particular attention to paragraphs marked by the Wiseguy. He'll guide you to key issues
How to get a "quick-study" overview of the course material:
After completing Lesson 2, you will be able to:
- Figure which medical expenses of the spouse and dependent can be included on the taxpayer's return
After completing lesson 3, you will be able to:
- Identify the medical expenses that are capital expenses and which expenses are fully deductible
- Identify the medical expenses that are deductible as medical insurance
After completing Lesson 4, you will be able to:
- Identify the requirements for including the expenses of lodging while away from home as a medical expense
After completing Lesson 5, you will be able to:
- Identify payments to a special school that can be included as a medical expense
After completing Lesson 6, you will be able to:
- Identify a checklist of items that are not deductible as medical expenses
After completing Lesson 7, you will be able to:
- Figure the percentage of excess reimbursement received for medical expenses when the insurance reimbursement is more than the medical expenses
After completing Lesson 8, you will be able to:
- Figure the amount of medical expense deduction for a taxpayer before limitations
After completing Lesson 9, you will be able to:
- Identify health insurance that qualifies for the health insurance credit