Thursday, March 22, 2007

Strange but True Tax Deductions

Kiplinger's Peter Blank gives a list of tax deductions which appears to be an April Fool's joke, but which actually held up in court. The deductions include: cat food for a junkyard kitty, moving expenses for dogs, Caribbean business travel, body oil for bodybuilders, cost of a private airplane for a couple renting a house in a remote vacation location, cost of babysitter to engage in volunteer work, breast augmentation for an exotic dancer, landscaping for a taxpayer whose office was at home, beer as a promotion for a gasoline station and a swimming pool for a taxpayer with emphysema.

Be VERY careful with deductions of this nature; at the same time, the moving deduction for dogs and swimming pool for medical expense are not highly surprising.


Post a Comment

<< Home

My blog is worth $7,903.56.
How much is your blog worth?