The rich people who don't pay any taxes do so by saying everything they spend money on is a business expense, so that offsets the portion of their income that they have to pay taxes on.
You have to convince the IRS that getting cosmetic surgery is a business expense. Maybe tell them taller people earn more money in all professions. 
Quote from: BelowTheMean on October 02, 2020, 05:17:11 PMLmao what kind of first post is this? Are you some kind of shill for the IRS? Taxation is theft, regardless of what country you live in. Just because the government can take your money at gunpoint and then blow it on stupid doesn't mean that's the way things should be. Considering how many rich people pay almost nothing in taxes, I don't think there are any moral arguments against deducing CLL from your taxes. It's not about whether you should or shouldn't do it, it's about whether or not you can get away with it.
But how are we going to buy another F-35 stealth fighter jet for 1 trillion dollars? Don't you care about our vets? Our pilot vets? Do you have a soul? How are we going to bomb the shít out of Syria and Yemen then?
Attempting to evade or defeat paying taxes is a felony subject to all penalties allowed by law, including: (1) imprisonment for no more than 5 years, (2) a fine of not more than $250,000 for individuals , or (3) both penalties, plus the cost of prosecution (26 USC 7201).
Apparently, you are obliged to pay some amount of income tax because you are employed. You also seem to suggest that you have medical insurance through your employment.
Notwithstanding the above, you want to sell the IRS on the notion that you paid $90K - $175K for non-covered medical expenses BUT these expenses were NOT related to cosmetic surgery.
See any red flags? Better be prepared to prove you had a really rotten health insurance plan.
I actually briefly discussed this with a tax professional.
As others have said, cosmetic surgery is almost never deductible. I say almost because there have been a few cases where it was permitted (e.g., "Chesty Love" -- https://www.huffpost.com/entry/tax-court-upholds-busines_b_5292707). However, that doesn't help 99% of the people here.
If anyone is planning to attempt to take a deduction related to this, make sure you keep your paperwork for 3+ years and be prepared to defend it. Just because your return is accepted does not mean you in the clear -- the average delay before an audit for certain areas was well over a year and this was pre-COVID.
Quote from: California2 on October 02, 2020, 09:20:46 PMApparently, you are obliged to pay some amount of income tax because you are employed.
That's not really true. If you work and make below the standard deduction ($12,400 for 2020) you actually no pay federal income tax.
Useful information
Useful information
1- Incorporate yourself
2- Open an HSA account
3- Transfer the expenses of surgery to your business.
4- 100% of your surgical expenses will be offset to reduce the taxes of your business.
IMO best way to do it. You can also show this to your CPA accountant and ask him.
It is a grey are because it is not a purely cosmetic surgery, you can make a case for height neurosis, gait problems,
so make sure you have proof of that beforehand in case of an audit.
Best of luck.
An HSA does not really help. An individual can contribute up to $3500 to an HSA IF AND ONLY IF that individual qualifies by having a high-deductible health insurance plan.
Doing so reduces taxable income by that same amount. Consequently, if you are in (for example) a 20% tax bracket; then, you save $700 by using an HSA.
You cannot contribute $100K to an HSA.
Likewise, you cannot form a business entity; then, claim $100K in medical expenses as "business" expenses. Businesses do not need medical care.
Businesses can deduct some employee expenses such as the business' cost of employee benefits such as a healthcare plan. However, you have to incur such expenses before you can deduct them.
Moreover, single person business entities are usually taxed as a pass-through entity--which means the tax structure is identical to the tax structure for an individual.
If a single person business entity elects to be taxed as a corporation or LLC; then, that person risks paying tax twice--once on the income earned by the corporation/LLC, and again as an individual on the income paid to the individual by the corporation/LLC.
If you have a healthcare plan and cannot convince your healthcare plan that your surgery is medically necessary; then, you will be hard-pressed to convince the IRS that your surgery was medically necessary but not covered by your healthcare insurer.
You will be arguing that you have really rotten healthcare insurance.
Yeah, the business thing is bogus advice. It would not stand up in court unless you had a pre-existing business and could prove the surgery materially benefited your business and was not for personal gain. There have been a few people that have been successful in doing this (see: "Chesty Love"), but most have not, and in the end you'll probably be out extra money to the tax man.
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