Article Sphere Logo

The Craziest Tax Write-offs Ever Allowed by the IRS

By Expert Author: Roni Deutch | View Article Summary
Word Count: 414 words | Views: 238 view(s)
Roni Deutch

Some of these deductions may be silly, but filing a correct income tax return is very serious. We recommend you speak with a tax professional before including any of these or similar deductions on your own income tax return.

Beer Give Away
A local gas station owner decided to give away free beer to his customers and was able to write this off as a legitimate business expense.

Swimming Pool
After being diagnosed with emphysema, an elderly man was able to claim the cost of building a swimming pool. His stance was that the pool allowed him to exercise and that his doctor instructed him to get more physical activity.

Exotic Dancers
The owner of a nightclub hired exotic dancers for a promotional party and was allowed to deduct the cost paid to the dancers as a valid expense.

Private Airplane
A couple who owned a successful business was allowed to deduct all costs relating to any business use of a private jet. This included trips back and forth from their secluded condo.

Body Oil
Professional body builders are allowed to deduct the costs of anything "ordinary and necessary" for their profession, including body oil expenses.

Ostrich Depreciation
The IRS allows you to depreciate the costs of any livestock as long as it is used for breeding. This was great news for a local ostrich farmer who was able to include the depreciation of his ostriches on his tax return.

Breast Implants
An infamous stripper by the name of "Chesty Love" was allowed to deduct the cost of her breast implants claiming they were an essential props in her performance.

Home Landscaping
A business owner who frequently met with clients at his principal place of residence was allowed to deduct a portion of the fees he paid to have his yard professionally landscaped.

African Safari
A dairy farmer was allowed to deduct the cost of trip to Africa as a business expense because his trip focused on learning about wild animals. The IRS considered this tip ordinary and necessary.

Cat Food
The IRS allowed a group of junkyard owners to deduct the cost of cat food. They claimed the food attracted cats that took care of rats and snakes.

Pet Moving Costs
The IRS considers family pets personal effects. Therefore, if you move for a job you can deduct the cost of moving your pets with you. This was the case for a family who incurred high costs to move their Great Dane.

Trip to Bermuda
The IRS always allows you to deduct expenses for business conventions or conferences. Even if they are in Bermuda, Barbados, Tahiti, etc.
About the Author/Author Bio

The Tax Lady Roni Deutch and her law firm Roni Lynn Deutch, A Professional Tax Corporation have been helping taxpayers across the nation settle their IRS wage garnishments for over seventeen years.

Article Source: http://www.articlesphere.com/Article/The-Craziest-Tax-Write-offs-Ever-Allowed-by-the-IRS/132385

Article Submitted: 2008-03-25 | This Article has been viewed 238 times.

Comments on this Article


More "Taxes" Related Articles

 
 

Listed below are more articles related to the above article from the "Taxes" article category.

People interested in the above article "The Craziest Tax Write-offs Ever Allowed by the IRS" are also interested in the related articles listed below:

 
Taxations first known systems were around 2800 BC - 3000 BC in Ancient Egypt (The first dynasty of the old kingdom). It is recorded in the time documents that Pharaoh would take a biennial tour of his kingdom; on his tour of the kingdom he would collect tax revenues from the people of the kingdom. Granary receipts on papyrus and limestone flakes are other records that were found.
The article describes the Irish tax rules for determining the residence and ordinary residence status of individuals and explains how the Irish Income Tax, Capital Gains Tax and Gift/Estate Tax (Capital Acquisitions Tax) systems apply to individuals who relocate to Ireland. This is followed by a discussion of the significant tax savings which may be gained by individuals who move from the UK to Ireland.
Let’s face it. Tax season can be a huge bummer for most people, and it seems the more you try and avoid it the more it comes back to haunt you. Although preparing tax returns can be a daunting task, there are ways to get organized beforehand in order to avoid a disaster. The Tax Fairy is not going to excuse you from filing this year but these 10 helpful tips might help alleviate any problems due to procrastination or misunderstanding.
The IRS has announced a series changes to the 2008 Individual Tax Return Laws that will have mostly a positive impact on the tax returns of individual tax returns. Here are some of the most important highlights of individual tax law changes for the 2008 Tax Year Filings.
Property tax is a very important tax in terms of collection. However, sometimes one may have one or several properties but not such a good income and thus, property tax may turn out to be too onerous. Fortunately there are several forms of property tax relief that can provide a lot of ease during low income periods. These types of relief fall into different categories and provide tax reductions in different ways.
Tax shelter is one of the returns associated with real estate investment that benefits income property ownership. Thanks to the tax shelter benefits provided by the tax code, a real estate investment can shelter some of its own income from taxation and occasionally shelter income received from other investment sources as well.
There are a number of reasons why many tax and financial experts are urging taxpayers to review their 2009 withholdings as it may be that due to the current economic crisis, the taxpayer's income may either be reduced or in some cases substantially lower!
 
Article Directory Home All Categories Finance Taxes
 

Can't find what you're looking for? Try Google Search!
 
 
Copyright © 2005 - by Larry Lim, Singapore - Article Search Engine Directory at ArticleSphere.com™
All Rights Reserved Worldwide. All Trademarks and Servicemarks are the property of the respective owners.
French Spanish Bulgarian Chinese (Simplified) Chinese (Traditional) Croation Czech Danish Dutch Finnish German Greek Italian Japanese Korean Norwegian Polish Portuguese Romanian Russian Serbian Slovak Swedish Arabic Hebrew Hungarian Thai Turkish English US