Tag Archives: taxes

Upcoming Tax Deadlines

Here are some upcoming tax deadlines to be aware of: March 15, 2018 – Partnership tax filing deadline S Corp. tax filing deadline April 17, 2018 – Individual tax filing deadline IRA contribution deadline C Corp. tax filing deadline If … Continue reading

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Don’t Hide Illegal Income

Al Capone, one of the most notorious gangsters in American history, wasn’t convicted of murder, extortion, or any number of his other criminal activities. Instead, he was brought down because he didn’t pay his taxes. It was also a powerful … 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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Burn It Down

Growth is usually followed by decay; life is followed by death, and here is another case where fire follows construction. Some Taxpayers have donated their house to the fire department so that the fire department can practice their skills and … Continue reading

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Lawyer Jailed for 18 Months for Defrauding NFL Players

A former Chicago attorney has been sentenced to 18 months for orchestrating a tax fraud scheme that defrauded millions of taxes from the IRS and financially harmed NFL players. If you have been charged with a crime and need legal … 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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Homeless Cats

Your local cat lady may actually not be as crazy as you think. In 2011, Jan Van Dusen beat the IRS in a case over whether she could claim a deduction for providing foster care for stray and feral cats. … 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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Dancing with the IRS

Celebrities often use Dancing with the Stars to rehab their image, but the IRS doesn’t allow dancing as an expense to rehab your wallet at tax time. The IRS has consistently rules that taxpayers may not deduct dancing lessons as … Continue reading

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