Monday, January 31, 2011

Absurd tax deductions

However, none can top the deduction of Chesty Morgan, an enterprising stripper from Detroit, who sought to claim her breast implants as a medical expense.

“Now, there's an urban legend where police officers think they can deduct $7.50 a day for lunch," said Frank Degan, director of the National Association of Enrolled Agents, the membership group for professionals who defend individuals in tax hearings.

"The year the [Social Security number] was required, the number of dependents [claimed by taxpayers] plummeted by something like 7 million," said Gerry Voss of B&G Accounting and Tax Service in Hazel Park, Mich. "People had been deducting their pets."

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