Personal Income Tax Planning

This PodCast is about Medical Reimbursement Plans (MRPs).  In the 2006 Speltz case the taxpayer prevailed in a medical reimbursement plan provided for her husband who worked for the taxpayer's daycare business as an employee.  That was a case where the taxpayer kept excellent records and truly kept track of all the necessary details.  This Podcast reflects the results in two cases where taxpayers were not as meticulous with such plans and the results were not nearly as good.We look at the cases of Snorek v. Commissioner, TC Memo 2007-34 and Francis v. Commissioner, TC Memo 2007-33 for taxpayers who adopted medical reimbursement plans but found that there was more to sustaining the deduction than just doing that. The materials for this week's presentation can be downloaded from http://edzollars.com/2007-02-17_Medical.pdf We also share early experiences with Microsoft Vista, Word 2007 and Excel 2007.  You can also find a tipcard for Excel 2007  at the following site: http