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    04 / 15 / 2015

    The 10 Most Ridiculous Attempted Tax Deductions

    Some tax-time humor from Intacct's View from the Cloud Blog:

    Thumbnail for 165740If Christmas is the most wonderful time of the year, tax season certainly falls on the opposite end of the spectrum for most. As many of you are likely filing your taxes today or still recovering from the paperwork involved, take a break and check out our quiz of 10 of the most ridiculous things individuals and business owners have tried to claim as tax write offs. Do you think they were successful or did the IRS make them pay?

    Walter White II

    It seems one gentleman decided to take what he viewed on the big screen into his everyday activities, à la Breaking Bad. This decision proved to be particularly unfortunate after a hot plate ignited his highly flammable chemicals and erupted into a fire that engulfed the building. The result? He felt this justified to claim a $9,000 casualty loss.

    Outcome: Even though he was involved in an illegal activity and acted negligently, the Tax Court allowed him to claim the write-off.

    Burn baby, burn

    Arsonist for hire, anyone? One struggling business owner sought the assistance of an arsonist to burn his furniture building down in hopes of collection a half a million in insurance money. He very greedily decided to... the whole post

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