Uncle Sam has bills to pay, which is why, with Tax Day finally here, millions of Americans are carefully sifting through their accounts in order to see what they can deduct as a legitimate expense at the last minute.
Of course, most citizens will be totally honest in their declarations this year — but a small minority will try to push the tolerance of the authorities to the limit. Each year, there is a dedicated few who will go to enormous lengths to seek out every last loophole; and if they succeed, they could lawfully claim tax back on the unlikeliest of expenses.
With that in mind, All Finance Tax, an Irish tax consultancy company, has put together this really interesting infographic profiling some of the most unusual tax deductions that have been approved by the Tax Court. Among those featured are the entrepreneur father of an amateur motocross racer who sponsored his son through his company and successfully claimed a tax deduction of more than $160,000.
Then there’s the California woman whose $13,000 claim was approved after she alleged that noise from barking dogs near the condominium in which she worked was impeding her business. No, really.
And these are just two of the seemingly bizarre claims that made it past the Tax Court because of the resourcefulness and taxation knowledge of some citizens. Yes, there are others.
Benefits Of Hiring Tax Relief Services
Taxes are truly complicated, and if youre not an expert, youll end up paying more. Not fully understanding the required documents, meeting deadlines, and paying your taxes on time could compromise your business’s success.
Luckily, tax relief services are available to help with tax debt. Tax management can be challenging but a tax professional can help you enter the tax season well-prepared and worry-free. So, how can a tax specialist help your business?
Check the following benefits of hiring a tax relief network company:
- Get A Thorough Tax Explanation: It’s crucial to understand ones taxes fully. A tax relief network company can answer any question during and after the tax season. From the required documentation up to the tax audit process, a tax specialist will assist you every step of the way.
- Avail Of A Debt Relief Program: It’s challenging to pay lump-sum tax debts. Tax relief professionals offer solutions for tax-related issues through debt relief programs, such as an installment plan for your debt. A tax defender can help you find a customized and affordable solution to solve your tax debt.
- Tax Preparation: It’s a headache cramming as the tax season approaches. You think you have more time, but it flies so fast. Meeting tax deadlines is like trying to diffuse a ticking time bomb. Tax issues can be stressful for any type and size of business. A tax defender can help you clearly understand your documents and submit them to the IRS on time.
- Tax Audit: For many people, a tax audit can be confusing and stressful. Many taxpayers don’t have any idea how to manage a tax audit process, which results in more problems. A tax relief company employs trained professionals to handle all types of tax issues and audit form representation.
If you’re looking for additional ideas, check out the infographic below to see more crazy tax deductions that worked, despite their extraordinary nature — but, please … use them at your own risk.
Photo Credit: DonkeyHotey; Infographic: AllFinanceTax.com