Friday, March 27, 2009

 

9 wackiest tax deductions for 2009

Did you hear the one about the instant "nephew"? The $35,000 in dance lessons? The new definition of office paperwork?

That's right, it's time for the fourth installment of Bankrate's "wackiest tax deductions," our homage to the endlessly creative ways some taxpayers dream up to try to limbo under the tax code.

In our first installment, taxpayers tried to write off everything from sperm donations to an arsonist's fee. Our second installment found clever filers trying to deduct a "love shack," doggie day care and a pimped-out Amish buggy. Round three featured otherwise law-abiding Americans trying to write off a $50,000 wedding as a business expense and claim everyone in New York City as a dependent! ...

Yahoo! Finance: 9 wackiest tax deductions for 2009

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