Skip to content
Request a Demo
    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...


    ...read the whole post


    Sample Eyebrow Text

    Explore More

    Baker Tilly curates, integrates, and optimizes the right technology stack for your organization. We layer in our own proprietary “last mile” solutions. And we offer these technologies either via a Software-as-a-Service delivery model, where your own Finance function manages the day-to-day use of the technology, or via a Finance-as-a-Service delivery model where we run your accounting operations and provide the outcomes you need. Here are some additional resources that may help you find solutions for your challenges. Or schedule a discussion to go over your needs and goals now.

    Request a Demo