Ten Crazy Tax Deductions That Are Allowed Including Fake Boobs…Really
My taxes have been done for weeks but for you procrastinaters the tax deadline is just one week away…Here are some crazy tax deductions I found on-line (Disclaimer: check with your tax professional before using)
Pet food … Cat food was allowed as a tax deduction after the felines helped to clean up a junkyard by eliminating snakes and rats, which in turn made the place of business safer. As a result, the IRS lawyers allowed the cost of cat food to be deducted for that family.
Moving the family pet … Moving to a new home as the result of a job change can afford you some tax liberties, specifically when it comes to the cost of moving a family pet. TurboTax says “your pet — be it a Pekingese or a python — is treated the same as your other personal effects.”
A trip to Bermuda … TurboTax also says that business trips to conventions held in Bermuda are deductible. Even more, people claiming that deduction do not have to show that there was a special reason for the meeting to be held there, according to TurboTax. Additionally, the TurboTax blog says similar tax benefits apply in Barbados, Costa Rica, the Dominican Republic, Grenada, Guyana, Honduras, Jamaica and Trinidad and Tobago. “Meetings held in Canada, Mexico and all U.S. possessions also receive this favorable tax treatment,” TurboTax says. “Attend a convention in Paris, Rome or Beijing, though, and there’s no deduction unless you can show it made as much sense to travel abroad as to head to Pittsburgh.”
Breast augmentation … A stripper named “Chesty Love” was able to deduct the cost of her breast augmentation surgery since the tax court judge ruled that the cost of her operation could be claimed as a business expense.
Free beer … One gas station owner was able to deduct the cost of beer as a business expense after he gave free beer instead of trading stamps for a promotion.
Swimming pool … A person was allowed to deduct the cost of his pool due to the fact the patient had been told by a doctor to develop an exercise regiment to help his emphysema. “The Tax Court allowed him to deduct the cost of the pool (to the extent that the cost exceeded its added value to the property) as a medical expense because its primary purpose was for medical care,” TurboTax said. “Also, the cost of heating the pool, pool chemicals and a proportionate part of insuring the pool area were treated as medical expenses.”
A girlfriend .. One person who owned several rental properties was able to deduct his live-in girlfriend who managed the properties. “The Tax Court let him deduct $2,500 of the $9,000 he paid her. The disallowed portion was considered to be for nondeductible personal services,” TurboTax says.