IRS: Tax Deductions

Posted on February 28, 2025 by Dr. David Edward Marcinko MBA MEd CMP™

CLARINET LESSONS

By Staff Reporters

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In 1962, a parent was able to deduct the cost of their child’s clarinet lessons and the instrument itself, after they were prescribed by an orthodontist to fix the child’s overbite, according to a report by Boston University School of Law.  

Unsurprisingly, it initially went to court, where it was ruled that it qualified as a legitimate medical expense (despite not being the most traditional treatment).

So, when it comes to the IRS, it’s not always about prescriptions or surgeries — sometimes, even clarinet lessons can count.

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MISHING: A Mobile-First Phishing Technique

Posted on February 28, 2025 by Dr. David Edward Marcinko MBA MEd CMP™

DEFINITION

By Staff Reporters

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Mishing, a term coined by Zimperium, covers all sorts of mobile-first phishing techniques: Smishing (SMS/text-based phishing), Quishing (QR code phishing), voice phishing, Wi-Fi-based phishing (the so-called “Evil Twin” attack), and many others.

Zimperium says organizations are increasingly relying on mobile devices for business operations, including multi-factor authentication, mobile-first applications, and more, and cyber criminals are taking notice, tailoring their phishing attacks for mobile devices, successfully evading traditional anti-phishing measures designed for desktops. As a result, businesses urgently need to adopt mobile-specific security, Zimperium stresses.

Smishing, for example, is now the most common mobile phishing vector, accounting for 37% of attacks in India, 16% in the US, and 9% in Brazil. Quishing, on the other hand, is described as an emerging threat, with notable activity in Japan (17%), the US (15%), and India (11%).

Furthermore, 3% of phishing sites use device-specific redirection, showing benign content on desktops while targeting mobile devices with phishing payloads.

Note: Zimperium, Inc. is a global leader in mobile device and app security, offering real-time, on-device protection against both known and unknown threats on Android, iOS and Chromebook endpoints. The company was founded under the premise that the then current state of mobile security was insufficient to solve the growing mobile security problem. At the time, most mobile security was a port from traditional endpoint security technologies.

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DAILY UPDATE: TeleHealth Coverage Act as Stock Markets Plummet

Posted on February 28, 2025 by Dr. David Edward Marcinko MBA MEd CMP™

MEDICAL EXECUTIVE-POST – TODAY’S NEWSLETTER BRIEFING

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Essays, Opinions and Curated News in Health Economics, Investing, Business, Management and Financial Planning for Physician Entrepreneurs and their Savvy Advisors and Consultants

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CITE: https://www.r2library.com/Resource

A new bill could change Medicare coverage requirements for Americans across the country. With Medicare was set to run out of funding for telehealth coverage by the end of March, Democratic Representative Ro Khanna of California has introduced the Telehealth Coverage Act to continue the services.

CITE: https://tinyurl.com/2h47urt5

Stocks plummeted on Thursday as tech sold off following Nvidia’s (NVDA) latest earnings report while investors took stock of the economy amid President Trump’s latest tariff pledges.

The S&P 500 (^GSPC) fell more than 1.6%, while the tech-heavy NASDAQ Composite (^IXIC) dropped 2.8%. The Dow Jones Industrial Average (^DJI) dropped 0.4%.

Investors dug into Nvidia’s quarterly earnings beat, which signaled plenty of scope for growth as it eased worries about DeepSeek and faltering AI demand. The results initially met a muted response as its profit outlook raised doubts on Wall Street. Nvidia’s stock erased early morning gains to dropped more than 8%.

CITE: https://tinyurl.com/tj8smmes

Visualize: How private equity tangled banks in a web of debt, from the Financial Times.

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