This Article is About
halloween spirit
internal revenue service
insurance money
drug trafficking
deductible expense
common knowledge
Deductions You Shouldnt File
Join 1000's of Authors at StreetArticles Today!

All of my articles have been about deductions and credits have been beneficial ones that will save you money and give you a great return. In the Halloween spirit I have decided to list some deductions people have filed on their taxes that they shouldn't have. Included are reports of arson, drug trafficking, and a few others that should definitely show you that the Internal Revenue Service is serious about what you put down on your taxes, and they are looking.

Hiring a person to burn your failing business down for the insurance money happens more often than you might think. To make it worse the greedy sneak not only collected his insurance money, but he pulled a stunt that most people wouldn't dream of trying. The man tried to deduct the money he hired the arsonist with on his taxes! This not only made him an accessory and a felon, but if he was audited he couldn't even present the hired hand's employment form. Do not try this unless you want to get caught.

Making sure your family has the best air quality possible is a noble effort, however futile it is with all the pollution we fill our atmosphere with every day. A man took this ideal and ran with it, so much so that he listed a deduction as “pure bubble.” The IRS agent who audited and inquired further about the man's efforts to make his home have the purest air possible was laughing so hard at this guy trying to deduct his purified air he waived all penalties, but not enough to put his deduction though, as it was still denied.

Being a drug lord is hard, but you're probably looking into the wrong line of work if you think the tax system of our Government is going to look highly on you claiming your drugs on your taxes. One entrepreneur listed a crop of marijuana as a deductible expense, and his honesty was not the best policy in this situation. His tax dollars were safe, but his cash crop and his property went “up in smoke” for lack of a better term.

It's common knowledge that the wedding industry is enormous, and extravagant. Being a 60 billion dollar industry means it's also very expensive. One cheap father had the brilliant idea to invite a few of his business clients to the wedding, which he attempted to use as leverage to write off his daughter's entire wedding as an entertainment expense for his business! This, to no one's surprise, was flagged by the IRS and he was forced to not only foot the bill for the wedding, but pay some hefty fines as well. Sometimes if you know they will say no, don't try it.

Your animals are special to you. They are even considered family by most. The Internal Revenue Service, however, does not consider your animals dependents. To some who have no children and only animals it may seem unjust, but having them under your care doesn't save you more on your taxes. It may suck you can't deduct that overpriced toy you bought them that they don't even give a second look to, but they're still your friends forever.

You may think a professional doing a procedure on your body for modification purposes may sound like something you can claim on your taxes, tattoos are an elective procedure. This prohibits you from using them as a deduction, and the IRS will not look too kindly on your personal forms of self expression. Yet another reason to think twice before you lay down under the knife or the needle.

In order to prevent these kinds of deductions going on your record, let Online Tax Pros make sure you qualify for everything you can claim, and step in to tell you what you can't claim. We are ready to get the most out of your return so your taxes don't have to be scary this Halloween!


Street Talk

No comments present
You May Also Like
Halloween Decorations For Your House And Yard
Halloween is upon us and it is time to think how we are going to decorate our houses for the trick or treaters. Ghosts, skeletons, witches, scary creatures are all part of the Halloween spirit and decor. It is a time honored tradition in our country. The large chain stores…
By: ed5 in  Home Improvement  >  Interior Design and Decorating   Nov 03, 2012  
0
  Likes: 0

Why I Love Our Internal Revenue Service
I’m old and senile and completely befuddled by some things like not getting a Form 1099 Misc to my wife’s care-giver. This form must be filed early in the year, which date has passed and I’m probably going to go to jail. My wife’s care was paid in part by…
By: John T Jones, Ph.D. in  Finance  >  Taxes   Jun 05, 2012  
5
  Likes: 1

Preparing For An Audit
There are few phrases that are scarier to a business owner than this one: “You have been audited.” It's an inevitability in most cases and only a matter of time if you're the owner of a business and you get moderately successful. How is it then that such a common…
By:  in  Finance  >  Taxes   Nov 01, 2011  
0
  Likes: 1

Reasons to Electronically File Your Taxes
First, the Internal Revenue Service wants you to file electronically. Not only for your benefit, but for theirs as well. They have released several articles and publications encouraging people to get on their computers and file their taxes on the internet. A whopping 67.18% of the tax returns that the…
By:  in  Finance  >  Taxes   Oct 19, 2011  
0
  Likes: 0

Miscellaneous Deductions for Taxes
  Everyone uses tax write-offs, credits and deductions to get the chance to save a little bit of money. The most common deductions are the easiest to find, such as medical expenses and travel. Most people try to find every single way they can save as much as they can…
By:  in  Finance  >  Taxes   Oct 04, 2011  
0
  Likes: 0

Deductions for Rental Property Owners
As a real estate owner, you try to make the most money you can in this troubled economy. Renting out your properties can be a great form of income, but you may not know all the deductions you qualify for to reduce the income taxes for your profits and gains.…
By:  in  Finance  >  Taxes   Oct 31, 2011  
0
  Likes: 0

Miscellaneous Deductions for People
There are so many credits and deductions available to us that we may not remember them all. Checking the Internal Revenue Service website is the best source for what you can qualify for, but it is a huge site, and navigating it can be time consuming. Articles like this one…
By:  in  Finance  >  Taxes   Oct 11, 2011  
0
  Likes: 0

3 Great Advantages Of Hiring Tax Service In Sacramento CA
Self-dependence in handling tax issues when it comes to your business is oftentimes regarded as a cost-saving step. However, more and more business owners are going for the help of tax professionals whenever there is a need to prepare the income tax return of the business. Even if this will…
By: David Yaffee in  Finance  >  Taxes   Mar 19, 2013  
0
  Likes: 0

Credits And Deductions for Teachers
  Education is still the foundation for success in our society. We have to strive and work very hard to get what we want out of life. The Internal Revenue Service has put in place several deductions and credits to help people get the education they need to have their…
By:  in  Finance  >  Taxes   Oct 07, 2011  
0
  Likes: 0

Should Obese Pay More For Health Services
America has a really serious issue with obesity; it costs around 150 billions every year to deal with health issues caused by obesity. In fact, most diseases can be caused by really over weight problem. When taxes were charged on cigarette with about hard earned 11 dollars, the rate of…
By: asmaa moussa in  Health and Fitness  >  Obesity   Nov 17, 2011  
0
  Likes: 0

Massachusetts Criminal Offenses And How they Are Dealt With
There is no land on earth which has been occupied by humans but is still a crime-less territory. You can assert by saying that even animals do fight, but not the way we people do and not so cunningly at all. Criminal offenses are often more severe in nature. I…
By: Henry Nathanael in  Legal  >  Criminal Law   Dec 08, 2012  
0
  Likes: 1

Taxing Business Differently
Choice of Entity Every year many new businesses commence operations and their new owners invariably must ask hopefully sooner rather than later, what type of entity should I choose? And in particular, which one provides the most benefit in terms of positioning my company as it relates to my personal…
By: Patrick18 in  Finance  >  Taxes   Jun 06, 2016  
0
  Likes: 0

Importance Of Professional Tax Preparer
The tax preparer is important to get flexibility in the tax calculation, take advice about the tax amount, changing governmental policies and can focus on the other business activities necessary for business expansion. The tax preparer will definitely get the most accurate number of the amount you are liable to…
By: Edward Smith4 in  Finance  >  Taxes   Jun 06, 2016  
0
  Likes: 0

Hosted ERP Solution on Cloud And Desktop Server
ERP is a suite of application software functionalities for managing accounts and finances of an enterprise. ERP is enterprise resource planning software for managing the everyday functionalities of trades. The process of accounting was complex but now it is simpler and easier which is eventually due to ERP solutions in…
By: Jaishking in  Finance  >  Taxes   May 28, 2016  
0
  Likes: 0

Access Drake Software Cloud Hosting on Smartphone
Tax filing was complicated when managed by the accountants and bookkeepers on papers. Since software solutions came into being, the paper based method of tax filing has eliminated and swapped by the automated tax software application. Today the industry has many products for tax filing and hence businesses can choose…
By: Jaishking in  Finance  >  Taxes   May 28, 2016  
0
  Likes: 0

Article Views: 1169    Report this Article