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re: Can gym memberships be deducted as a business expense...

Posted on 10/14/08 at 10:59 pm to
Posted by ProjectP2294
South St. Louis city
Member since May 2007
70562 posts
Posted on 10/14/08 at 10:59 pm to
quote:

I personally think that a majority of the physical therapy business is just a big racket, but hey, that's just me.

quote:

I hope you remember this when you or one of your family members needs to learn how to walk again

to Tigerpaw123
This post was edited on 10/14/08 at 11:01 pm
Posted by Cdawg
TigerFred's Living Room
Member since Sep 2003
59612 posts
Posted on 10/15/08 at 10:45 am to
quote:

Rebel, of O-T Lounge fame




quote:

I personally think that a majority of the physical therapy business is just a big racket

I thought this board was void of complete ignorance.

quote:

poodlebrain

faith has been restored.
Posted by Poodlebrain
Way Right of Rex
Member since Jan 2004
19860 posts
Posted on 10/15/08 at 5:26 pm to
quote:

poodlebrain = the smartest guy on td.com, and it isnt even close

No, but I did spend the night at a Holiday Inn Express once.
Posted by TortiousTiger
Baton Rouge
Member since Jan 2007
12668 posts
Posted on 10/15/08 at 5:44 pm to
as I recall from a tax law class, I think the club membership deduction has been closed... that shite was a couple yrs ago though
Posted by 756
Member since Sep 2004
14887 posts
Posted on 10/17/08 at 6:11 am to
You will need a medical certificate from your doc if IRS audits you.

Posted by tigeralum06
Member since Oct 2007
2789 posts
Posted on 10/18/08 at 2:49 pm to
-to deduct gym membership as a medical expense on schedule A you will need a letter from the doctor requiring you to workout

-poodle is correct in the employer can deduct it but employee must pay tax on the benefit so no real gain there

-schedule c it would definitely not be deductible

Country Club rules have changed recently, they tend to disallow most of them if it is the neighborhood you live in. If the fees are reasonable you could deduct it as entertainment (only 50%) deductible, but you would have to prove a business purpose upon audit.

In general, for country club, if you can reasonably justify your expenses the worst that could happen is you get examined and they throw it out and you pay more tax with some small penalties and interest.
Posted by TigerScratch
West Monroe
Member since Oct 2005
1310 posts
Posted on 10/19/08 at 3:38 pm to
quote:

I personally think that a majority of the physical therapy business is just a big racket...


I think you may be confusing Physical therapy with Occupational therapy.
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