Accounting - 56. Deducting Cosmetic Surgery (can be solved...

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56. Deducting Cosmetic Surgery (can be solved using free Internet sources) Your client, Ms. I.M. Gorgeous, is an aspiring actress. She has managed to earn a living doing television commercials but was unable to get the acting parts she really wanted. She decided to have botox injections in her forehead and collagen enhancements to her lips. After these procedures, her career improved dramatically and she received several movie offers. Ms. Gorgeous is sure that she should be able to deduct the cost of the cosmetic enhancements because she read about another actress having a face-lift in 1988 and deducting the cost on her tax return as a medical expense. Can Ms. Gorgeous deduct the cost of these procedures? Research Aids: Section 213(d)(9). Issue: Can Ms. Gorgeous deduction the cost of the botox injections and collagen enhancements as medical expenses? Conclusion: Ms. Gorgeous will not be allowed to deduct the cost of botox injections and collagen enhancements. Discussion of Reasoning and Authorities: Code Section 213 allows a deduction for expenses paid for medical care of the taxpayer. Section 213(d)(1)(A) defines medical care as amounts paid “for the diagnosis, cure, mitigation, treatment, or prevention of disease
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This note was uploaded on 03/12/2012 for the course ACCT 613 taught by Professor Smith during the Spring '12 term at University of Maryland Baltimore.

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Accounting - 56. Deducting Cosmetic Surgery (can be solved...

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