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In a way, this actually makes it simpler. But I’ll probably end up using tax preparation software anyway.
-via Glenn Reynolds | Image: Daniel J. Velleman
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People have deducted swimming pools, breast implants, and body oil from their income for tax purposes -and the IRS allowed it! You can deduct anything if you can justify it as a legitimate business expense. Eleven people did just that in this article from Kiplinger.
1. Pet food. A couple who owned a junkyard were allowed to write off the cost of cat food they set out to attract wild cats. The feral felines did more than just eat. They also took care of snakes and rats on the property, making the place safer for customers. When the case reached the Tax Court, IRS lawyers conceded that the cost was deductible.
(image credit: Flickr user play4smee)
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