Unusual Claims As Tax Deductions


People think that they can get away in filing unusual things as deductions; like a New York lawyer tried to file services rendered by hookers as medical expenses.  A couple from Tennessee earns from selling chicken eggs and emu feathers claims the bird’s feeds and maintenance as expense.  Buffalo meats, protein shakes were not accepted as business expenses.   A musician wants to claim his underwear as stage clothes were not ruled by the court.  Then a 75-gallon aquarium together with an electric oven were claimed to be as business expense were ruled as personal expense by the court.  People will do almost everything to keep them from higher taxes.

Excerpt:

“Instead, join us for a look at some remarkable expenses that taxpayers south of the border have tried to claim as tax deductions, as compiled by CNN Money.”

Original article can be found at:

http://www.theglobeandmail.com/globe-investor/personal-finance/home-cents/taxes-no-you-cant-claim-that-as-an-expense/article1924782/

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