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Andrew Schwartz, CPA
Jan 20, 2006 - 1:51PM
Re: first job

I would say that your medical residency establishes you in the trade or business of being a physician, and would therefore allow you to deduct the costs associated with finding your next position.

I guess the IRS could question this, however, based on all the FICA refunds they are receiving from your colleagues taking the position that they are still "students" for FICA tax purposes.

Good luck with new job!

Zip Code: aschwartz@mdtaxes.com

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