Paying for a weight loss procedure such as gastric bypass surgery is often covered by your insurance but many of the additional expenses that are often necessary before and after such a procedure are not and it can get very pricey unless you get smart and follow the tips in "Plan C: The Medical Reimbursement Plan For The Morbidly Obese", by Sandra Lynch, a California Certified Tax Preparer(CTEC) with an enrolled agent (EA) and a woman who went through gastric bypass surgery and other procedures necessary to address her weight problem. In her incredible ebook Sandra shows you how to deduct your weight loss dollar for dollar: Learn how to deduct:
- medications and prescribed over-the-counter supplements
- general weight loss programs
- personal trainer fees and exercise equipment
- prescribed weight-related surgery
- weight loss reconstructive surgery
- any other health expenses and more
The ebook discusses the difference between filing as a wage earner and filing as a business owner. It points out how much more you can deduct when you are not just taking a standard deduction then provides you with tips on how to turn a hobby or even your weight loss experience into a business. According to one of the experts quoted in her book "a part time business will probably save you $2,000 to $10,000 per year" and the ebook teaches you how to get set up as a business regardless of whether you already have an employer.
You'll learn what type of business to open, how to create a self-insured medical reimbursement plan, plus what other benefits your business could offer so that you can maximize your deductions. The ebook also explains the difference between the types of tax preparers available, what type of record keeping you will need to keep to simplify filing, and what type of situations lead to audits. In addition you will also learn how and when to amend past returns to recover lost money.
"Plan C: The Medical Reimbursement Plan For The Morbidly Obese" is valuable whether you are morbidly obese or not because it provides tons of useful information about how to keep more of your money. The guide can be ordered on it's own or as a package with tax preparation and expert consulting included. Check the link below and find out more about how this guide can help you.
