Only take these tax deductions if you crave the rush of going one on one with the IRS – some people do crave such rushes you know.
You can read the whole article at Kiplingers
at the courts decided did not quite work. As secret agent Maxwell Smart would say, “Missed it by that much!”
- Overdone Overdrafts
- Red Blood Cell Depletion Allowance
- Prostitutes and Porn
- Burning Down the House
- Hush Money
- Vegas Gambling Junket
- Meals with Colleagues
- Designer Clothes
- Wrecking a Rental Car
- Shoddy Construction
While some are obvious… like you can’t deduct lunch with your friends as “business” and #3 of course, you’ll want to read the amazing stories listed at Kiplingers.
Based on #1 I’m betting you don’t want to try to deduct the interest you pay to loan sharks… the Tax Court thinks our interest on debts should only be “reasonable”. Funny – what about the Federal Deficit?
Ten Fat Chance Tax Deductions from Kiplinger | Evolv on March 14th, 2011 at 7:34 am
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AmericasMainStreet.com on March 23rd, 2011 at 1:35 am
Some people laugh but I have met a few people that may have tried to deduct some of those catagories! If you would like to save money a little easier way check out some of the small business featured on our site or even set up your own connection.
Richie on March 25th, 2011 at 10:25 am
That is some funny stuff. I particularly like “Prostitutes and Porn”.
Reviews on June 22nd, 2011 at 10:00 pm
Just reading this gives me “Red Blood Cell Depletion ” I cant wait till tax time to get my Allowance. Anyway great post and thanks for the read.