A doctor spent two weeks doing charity medical work in Mexico.In calculating her taxable income for the year, her accountdeducted as business expenses her roundtrip airline ticket, meals,and a hotel bill for the two-week stay. She was suprised to learnthat the account, following IRS rules, could not deduct as a costof the trip the $8,000 of income she lost by being absent from hermedical practice tor two weeks. She asked the accountant, “Sincelost income is not deductible as an expense, should I ignore itwhen I make my decision next year to go to Mexico for charity work”Can you give the doctor some advice on decision making?
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