Medical Malpractice News

27Mar, 2017

Deducting medical malpractice insurance costs on taxes

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Deducting medical malpractice insurance premiums depends on the nature of the taxpaying entity, the taxpayer’s income and the taxpayer’s relation to the insuring party. In general, self-employed physicians who are either owners of a practice or work as independent contractors face fewer difficulties when attempting to deduct medical malpractice insurance premiums on their tax returns.
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