Tag Archives: Tax Deductions

Business Cats

A 2001 tax court case allowed a business man who owned a junkyard to deduct the cost of cat food for stray cats. The junkyard owner was feeding the stray cats to attract then to his junkyard in order to … Continue reading

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Starving Artists

For artists who have always wanted to pursue their dreams of being poor in pursuit of their art, but who have worried about how to pay their minuscule tax bill, there is a special deduction to the rescue. This deduction … Continue reading

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Deductible Muscles

Wheir was a body builder who attempted to deduct some body building expenses because he believed he was in the business of body building. Some of his expenses included bison meat, which he ate at the rate of 3 pounds … Continue reading

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Drugs and the Tax Man

Regardless of whether their activities are legal under state law, drug dealers have to deal with special tax laws designed to discourage their activities. IRC 280E states that any deductions from an illegal drug businessĀ  are not allowed. The definition … Continue reading

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Crime Doesn’t Pay

In another attempt to claim a deduction out of the ashes of a fire, a taxpayer attempted to deduct the cost of hiring his arsonist. This enterprising individual decided that insurance wasn’t good enough by itself. he decided to also … Continue reading

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A Happy Little Tree

Bob Ross was fond of painting happy little trees to improve his landscapes, and if you own a home office or your own business property you might want to plant your own happy little tree to improve your landscaping. In … Continue reading

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It’s to Help Schools

A California man tried to deduct lottery ticket purchases as donations to the California School system. The claim was that since the proceeds of lottery tickets are supposed to go to the schools, that the tickets could be deducted as … Continue reading

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Stop, Thief

In another case of a denied medical expense deduction, a woman tried to apply the old maxim “an ounce of prevention is better than a pound of cure” by claiming that her pepper spray was a medical expense. Her argument … Continue reading

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Ink Me

While beauty may be in the eye of the holder, the IRS says it’s not subjective whether expenses to improve or alter your looks are deductible. The rule still applies that you can’t deduct cosmetic surgery or similar items. This … Continue reading

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It’s the End of the World

During the cold war, a forerunner in the preparation movement decided to build himself a nuclear fallout shelter. He then tried to offset the expense with a tax deduction, claiming the cost as a deduction for preventative medicine. The IRS … Continue reading

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