Tax season is nigh and insane tax deductions are always a rich vein to mine. Here’s nine “wacky” deductions curtesy of MSN Money.
From the link:
3. At least it wasn’t ‘travel and entertainment’
Sometimes business owners will try to slide a fast one by the IRS by classifying a business deduction in a category where the dollar signs might not raise an eyebrow.
One such fastball didn’t pass the eyebrow test with this Oklahoma accountant, however.
“We were reviewing a business client’s accounting entries and noted a check for over $2,000 written to a gynecologist. It was classified on the business books as ‘repairs and maintenance.'”
Leave a Reply