Funny Tax Deductions
Funny Tax Deductions came from Wisebread.Com
They researched why you can tax it without getting an audit.
IRS Tax courts have ruled that it was ok to take them
Please ask your accountant if its ok.
Below is a list that you will get the best laugh.
It is like the truth is stranger than fiction.
Free beer to your clients is ok to give away.
Strange but true. A gas station owner gave his customers free beer who filled up gas in their car.
Tax courts said this was a legal deduction. You can give away anything way as a gift.
His business expenses were that using the gift as a way to bring clients into the station.
The gift was a free beer with a fill-up.
Funny Tax Deductions Fake Boobs
A stripper went out and made her boobs the most prominent possible. Get Collecting larger tips was the reason behind this funny tax deduction.
It was a right of that was allowed. IRS that it was a stage prop. The rule is that it was not cosmetic. When it to make her look different it would not be a tax deduction.
Anything to increase sales that is legal is deductible.
This a strand and true Funny Tax Deductions.
A Fabulous African Safari
Taking a business trip if it was ordinary and necessary would not cause an audit.
The trip has been to advance the business. Just making the trip to Disney World would not be a tax deduction
How the park handles the crowds, it could make the deduction.
Event planning or restaurant industry could make the case since learning how they handle the public.
Moving The Family Pets
Cost of running your pet across the country is considered a legal tax deduction.
They are considered personal effects. It thinks the same as moving your TV from one State to another.
Any expense to move over 75 miles is deductible. IRS says that under that is considered a local move. How is that for funny tax deductions that you can use now
A trip to Bermuda – YES
I love this one. I have to find a way to do it.
Business convention held in Bermuda can be written off. You do not have to have a particular reason to have a meeting in paradise.
There are around ten countries that fall under this deduction. They are Barbados, Costa Rica, Dominica, the Dominican Republic, Grenada, Guyana, Honduras, Jamaica, Saint Lucia, Trinidad and Tobago, Canada, Mexico and all U.S. possessions. They all fall under special tax rules.
Traveling outside of the United States have different rules.
A Private Airplane – YES
A couple with a rental condo did want to drive the seven hours to check in.
There was only one flight a day to get to their destination.
They did the next best option and bought a jet. Used the plane as a way to travel to meeting quicker.
Now all the jets expenses are deductible, and anywhere you go on it.
The ruling is that the trip must be so important to get on it.
I wonder if taking the jet to my inlaws would fall into that category.
My wife would think so.
Funny Tax Deductions
A beautiful swimming pool – YES
Your swimming pool could be a deduction if prescribed by a doctor.
The taxpayer got a prescription that said he needs it after developing after emphysema.
So he put the pool as a medical expense. It’s now part of his medical deductions in his tax return.
The building of the pool would not be a deduction.
All of the expenses for cleaning the pool are a deduction. Some of them are cleaning, chemicals and upkeep to keep it blue.
Now the pool is swimming in tax savings.
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