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Mr. Smith has owed the physician for several years; however, the itemized statement that shows different amounts for services gives an explanation only of "office visit." If this statement is used for collection, what would be the possibilities for the statement amount being reduced?

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Answer:

If the money has been paid to the physician then it is deductible in the statement for taxation purpose.

Explanation:

Office visit for consultation if paid is an itemized reduction. It can be deducted from taxable income.

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