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Income reported under this classification includes:Īccounting, auditing, actuarial, bookkeeping, tax preparation, and similar services
#Rta excise tax professional
The deductible amounts should be included in the gross income reported on the return, then deducted out by taking an "other" deduction and writing in the explanation "Champus/Tricare income.įor more information, see WAC 458-20-168 RCW 82.04.260.Īpplies to gross income from personal and professional services of hospitals (except hospitals subject to the public or nonprofit hospital B&O tax), nursing homes, convalescent homes, clinics, rest homes, health resorts, and similar health care institutions.Īlso applies to nonprofit hospitals for personal/professional services performed for nonpatients that are not specified as taxable under another classification. However, RCW allows a B&O tax deduction for any amounts received from the United States or any of its instrumentalities, the state of Washington, or any municipal or political subdivision of the state as compensation for health or welfare services. Professional services contracted out to independent contractors such as pulmonary or EKGĬhampus/Tricare income should also be reported under public or nonprofit hospitals B&O tax classifications. Miscellaneous income from providing classes, data processing, clerical, etc. Income reported under this classification includes, but is not limited to: To report your income correctly, become familiar with the common tax classifications for hospitals:įor more information, see WAC 458-20-168.Īpplies to gross income from personal and professional services to patients by hospitals operated as nonprofit corporations, operated by political subdivisions of the state, or operated but not owned by the state. Type of hospital (public, for profit, nonprofit, etc.) Hospital income is subject to different tax classifications, depending on the:Īctivity/service performed that generated the income Income is often reported under the wrong tax classification on the excise tax return.