Block on Trump's Asylum Ban Upheld by Supreme Court
Tax season is upon us. Around this time of year, many accountants and taxpayers are scrambling, trying to figure out the smartest and most creative tax deductions.
The Internal Revenue Code is jam-packed with all sorts of tax deductions. Some taxpayers have been creative over the years and come up with some truly crazy schemes to deduct expenses on their tax returns.
Here are five of the weirdest tax deductions approved by the IRS:
Keep in mind, these are only a few of the weird tax deductions that the IRS has approved. Of course, there have been even weirder deductions that were not allowed by the IRS. For example, an elderly man once tried to deduct his payments to sex workers (i.e., prostitutes) as medical expenses, showing literature that spoke to the "positive health effects of sex therapy."
Nice try, but no.
Meeting with a lawyer can help you understand your options and how to best protect your rights. Visit our attorney directory to find a lawyer near you who can help.
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