AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Q. Can employees submit for reimbursement the cost of prescription drugs purchased in Canada?
A. No. According to IRS information letter, INFO 2005-011, "medicine and drugs" must be procured legally. The FDA announced that it is illegal to import drugs from other countries. Therefore, the cost of illegally imported drugs may not be reimbursed on a tax-free basis, and a deduction is not allowable on an individual's tax return.
Q. If I file for bankruptcy, is my traditional IRA included as part of my bankruptcy estate?
A. No. The U.S. Supreme Court recently determined that IRAs can qualify for bankruptcy protection. Bankruptcy filings made after Oct.…
Source: HighBeam Research, Ask the lawyer: confused by complex health-care legal questions? 'Ask...