Sec 105 Medical Plans to take deduction on Sch C

[John of PA]

Does anyone have any input on Sec 105 Medical plans so a self-employed taxpayer can deduct Medical expenses on their Sch C. The self empoloyed person's wife is willing to clean the office every weekend to go on the payroll, which would then make the plan valid. Any thoughts or good experiences with this type of plan?

[RLymanC]

Sec 105

Does anyone have any input on Sec 105 Medical plans so a self-employed taxpayer can deduct Medical expenses on their Sch C. The self empoloyed person's wife is willing to clean the office every weekend to go on the payroll, which would then make the plan valid. Any thoughts or good experiences with this type of plan?

Looks like a good spot for some info.

http://www.coredocuments.com/core105.php

[DaveinTexas]

I'll add to his response

Does anyone have any input on Sec 105 Medical plans so a self-employed taxpayer can deduct Medical expenses on their Sch C. The self empoloyed person's wife is willing to clean the office every weekend to go on the payroll, which would then make the plan valid. Any thoughts or good experiences with this type of plan?

I have had success with a company called Bizplan. You can become an affiliate and earn commissions on the plans you sell through them. Also, every year if the client renews the plan, you receive a residual check. I haven't checked out Lyman's recommendation but it may be very similar.

https://www.tasconline.com/products/bizplan/

This company can even provide guidance as to what may or may not fly with the IRS concerning the spouse's wages/duties etc. Good luck!

[John of PA]

Thank You Davien, I'll check it out.