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Taxpayers, Ahoy! Extraordinary Tax Deductions?


Business  (tags: tax, tax payers, tax deductions, USA, tax law, tax refunds, accountants )

Eva
- 3267 days ago - finance.yahoo.com
Sometimes, despite objections from the IRS, taxpayers get to write off the darndest things. Here are our favorites.



   

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Comments

T Zabel (74)
Wednesday April 7, 2010, 10:04 am
Are you kidding me?? Thanks for posting this article!
 

Eva Ries (237)
Wednesday April 7, 2010, 10:19 am

That's the really incredible part, it's *real*. People actually did this! LOL
 

. (0)
Wednesday April 7, 2010, 5:04 pm
Yeah, but did you notice that in each case there was a ruling by a Tax Court? The Infernal Revenue Service challenged everyone of those cases. The IRS doesn't always win, most of the time but not always.
 

. (0)
Thursday April 8, 2010, 3:24 am
Really great information.I appreciate for a kind work.I would like to say negative tax bonds are crooked and be considered money laundering....
acekard
 

Sharon Balloch (127)
Thursday April 8, 2010, 4:26 am


Good read for first thing in the morning..thanks for the chuckle..
 

Rajee Seetharam (138)
Thursday April 8, 2010, 5:06 am
Thanks.
 

Marian B (11)
Thursday April 8, 2010, 6:32 am
Thanks.
 

Jessica G (27)
Thursday April 8, 2010, 9:46 am
very interesting post, thank you Rooibos! noted!
 

Jessica G (27)
Thursday April 8, 2010, 9:46 am
very interesting post, thank you Rooibos! noted!
 

Abo r (107)
Thursday April 8, 2010, 3:56 pm
Noted
 

Pauline P (46)
Thursday April 8, 2010, 6:24 pm
PLEASE READ :
Hello my friendly Animal lovers. I am writing not on this issue that we are now reading, but I do want to let you know that I have signed this petition and I will sign any other petition that deals with animal cruelty or animal murder. I am taking this opportunity to tell you that Care 2 has a petition site at the The Winnipeg Humane Society. ( http://www.thepetitionsite.com/1/catdogfur ) ( I am sorry if my link does not work. I'm having a hard time with this, Just type The Winnipeg Humane Society and you will get there.
They are asking people to sign the petition ( and please let everyone else you know as well) They are asking the Canadian Government to stop allowing Dog and Cat fur into Canada from China, Philippines, and other Asian countries. They have started this awhile ago and only have 1,097 signatures. By this time we should have more than that. These are our companions, that comfort us and they work so hard along side us with people who are disabled, Police, Military, they have even saved their owners lives in fires. We owe them more than just saying “Oh, those poor dogs & Cats” Please go to the website and sign the petition.
I don't have to tell you what a brutal and cruel act this is. Please help them. Care 2 already had a column how there is a middle class rebellion going in China because they don't want their people to eat them. But I feel this should be put in front of you more often as well. I believe that we should attack from all sides.
Thank you so much for helping from me and from all the animals.
 

Susan L (150)
Friday April 9, 2010, 4:07 am
Think maybe I should buy an airplane. Oops, can't afford it in the first place.
 

Mary Donnelly (47)
Saturday April 10, 2010, 5:12 am
Thanks Rooibos.

More people should read, note, and act upon the gems in the post.

I suspect that there are far more deductions than those listed in this article,(none of which surprised me), therefore I am amazed that most Americans complain that they pay too much income tax. Why are they not scouring income tax legislation looking for the tax deductions which apply to them.

In a recent Care 2 article it said that Warren Buffet paid a lower rate of income tax than his receptionist. My comment was had she made all her appropriate deductions?

I don't know the intricacies of the US Income Tax System, but it seems to be a progressive one. If that be so then the further down the income scale a taxpayer can get his/her/its/their net income the more progressive the benefits.e.g. if you move down from a marginal rate of 45% to 30%, you have done yourself a big favor.

People do not need to be rich to qualify for tax deductions; they just need to be smart enough to find them. The cost of servicing one's computer, the purchase of stationery, writing implements, stamps, etc. for business purposes can be just as useful to low income taxpayers as the deduction of that airliner's expenses was to higher income taxpayers.

Don't forget it is a crime/felony etc.to EVADE taxation; it's every citizen's moral duty to MINIMIZE it. The government requires all taxpayers to pay the appropriate amount of income tax on their net income; it's up to taxpayers to inform the government of what that net income is.
 
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