Are therapy dogs deductible by therapist who uses in practice? Are they an asset or expense and are the supplies deductible?
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You may what to consider an allocation of any expense that may be allowed. Consider any special training or certification for the dog. Or is it just a personally owned dog that has mild "low key" friendly attitude...This post is for discussion purposes only and should be verified with other sources before actual use.
Many times I post additional info on the post, Click on "message board" for updated content. -
While I don't have a direct answer to your question perhaps this can guide you - https://www.irs.gov/pub/irs-pdf/p535.pdf - P. 46 - impairment related expenses.
I can only surmise from that - that if the expenses to maintain the dog for the dog to perform its normal function(s) in the providing services to the therapist's services it should be deductible.
Regarding the depreciation of the animal - sorry - can't help you.Uncle Sam, CPA, EA. ARA, NTPI FellowComment
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What kind of "therapy" are we talking about? Something that requires a medical license? There are many, many kinds of therapy. Business expenses must be ordinary and necessary in order to be tax deductible.
It's hard to see how the dog could by 100% business use. (in line with "allocation" comment previously)
"You said it, they'll never know the difference. Come on, we'll paint our way out!" - Moe HowardComment
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Always cite your source for support to defend your opinionComment
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Those little yippers create the need for therapy dogs.Comment
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I have one client with a severe anxiety disorder and she has a doctor's prescription for a therapy dog!Taxes after all are the dues that we pay for the privileges of membership in an organized society. - FDRComment
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Just to clarify and remind, the original question was about business expense deductions for a service provider, not personal medical deductions for an individual. Two very different things (different sections of the tax code)."You said it, they'll never know the difference. Come on, we'll paint our way out!" - Moe HowardComment
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I believe dogs can be depreciated MACRS 7 yr schedule if it is used in the business for a business purpose. I believe that is how security dogs are treated for tax purpose.
The dog food would be consumable supplies.Taxes after all are the dues that we pay for the privileges of membership in an organized society. - FDRComment
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