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February 29, 2024
The U.S. tax code contains many overly specific deductions that can seem downright ridiculous. While complex tax loopholes allow large corporations and wealthy individuals to significantly reduce...
March 24, 2022
The IRS offers Americans a variety of tax credits and deductions that can legally reduce how much you'll owe.
April 5, 2021
Breast Implants, Pirateโs Ransom and 5 Other Weirdest Tax Write-Offs of All Time Tax time can be very frustrating when you realize youre not going to get as big of a refund as you were expecting, or worse, youre going to have to send the IRS a check. So its no wonder people might ask if their pet counts as a dependent (it doesnt) or if they can write off that new suit jacket (probably not). Deductions are the taxpayers chance to hold on to their money and people will go to extreme lengths to ...
March 5, 2021
Tax time can be very frustrating when you realize you're not going to get as big of a refund as you were expecting, or worse, you're going to have to send the
April 2, 2013
Nude pays a 10% tax on the services that kphraoe -- employee sells. things like erotic dancing and escort services. remember that story on chesty love, she works in utah and would have to pay. kansas charges a tax for tethered hot air balloon rights but if the balloon is free to fly away it is off the hook. that tattoo will cost you an extra 6% in taxes in arkansas along with body piercings. alabama charges a ten cent tax on decks of cards. maryland holds a tax we can -- or charges a tax we can ...
June 3, 2012
With tense budget talks there. for every ticky tacky tax there is a crazy deduction. perhaps the most famous the exotic dancer named chesty love who was allowed to take a tax writeoff for her breast implants because her new 20-pound breasts were viewed as a stage prop. you cant make this stuff up, not even in washington not even in state and low governments. >> shannon: i dont know what to say other than im glad im not the only one who considers kit kat a food. >> thats right. absolutely. >> tha...
March 1, 2011
Deduction. and there are many other cases of taxpayers being a little bit too aggressive, including the recent case of a tv anchorwoman who tried to deduct the cost of her underwear. christine, perhaps if she had been an underwear model the irs might have said okay. christine? >> oh, my goodness. alan, how does the irs determine if the expense then is legitimately for a job? >> its got to be something specifically for the job. for example, if i tried to deduct the cost of this suit, that wouldnt...
March 1, 2011
Nelson wrote -- i am a proud hispanic. i dont see anything wrong with an all white male scholarship. ive heard of every type of scholarship out there to help every race. it is only fair. rick blogged -- i got a scholarship for being left-handed chblgt i think private groups should be able to fund scholarships for any reason they choose. this is a free society. j. patton commented -- this organization is taking this country back 50 years instead of moving us forward. we want to know what you thin...