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More Crazy Tax Deductions: What Worked, What Didn't

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carrier pigeonFrom hip replacements to pole dancing classes, here are some of the most outlandish deductions taxpayers have tried to slip past the IRS. You won't believe what claims these people made that their accountants said wouldn't fly -- and you really won't believe what did (literally).



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TurboTax Articles

Deducting Summer Camps and Daycare with the Child and Dependent Care Credit

If you paid a daycare center, babysitter, summer camp, or other care provider to care for a qualifying child under age 13 or a disabled dependent of any age, you may qualify for a tax credit of up to up to 35 percent of qualifying expenses of $3,000 for one child or dependent, or up to $6,000 for two or more children or dependents.

Video: Who Qualifies for an Affordable Care Act Exemption (Obamacare)?

The Affordable Care Act requires all Americans to have health insurance or pay a tax penalty. But, who qualifies for an Affordable Care Act exemption? Find out more about who qualifies for an exemption from the Affordable Care Act tax penalty, how to claim an exemption on your tax return and how the Affordable Care Act may affect your taxes with this video from TurboTax.

What Is Schedule H: Household Employment Taxes

If you hire people to do work around your house on a regular basis, they might be considered household employees. Being an employer comes with some responsibilities for paying and reporting employment taxes, which includes filing a Schedule H with your federal tax return. But even if you have household employees, filing Schedule H is required only if the total wages you pay them is more than certain threshold amounts specified by federal tax law.

Taxable Income vs. Nontaxable Income: What You Should Know

Knowing what to claim as taxable and nontaxable income can reduce your tax liability. Income can be acquired in many forms, including wages, salaries, interest, tips and commissions. ?Consider all money that increases your wealth as taxable,? advises accountant Caroline Thompson. ?There is very little that is nontaxable. The government specifically lists anything that is not taxable and the circumstances that must exist or occur for it to be non-taxed income,? she adds.

What Are the Tax Penalties for Smokers?

Starting in 2014, the Individual Shared Responsibility provision of the Affordable Care Act made you responsible for having minimum essential coverage, or MEC, in health insurance. Otherwise, you need to be eligible for a health care exemption, or you could pay a penalty when filing your income tax return. This requirement for minimum essential coverage applies to smokers and nonsmokers alike. If you?re not covered by an employer's health plan and are a smoker, you can go to the health care marketplace to find MEC. If you?re still unable to comply, you may have a penalty applied.

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socalflash

http://www.wisconsinchristiannews.com/view.php?sid=3323

Go to: http://www.snopes.com/politics/medical/exemptions.asp

http://democrats.senate.gov/pdfs/reform/patient-protection-affordable-care-act-as-passed.pdf

Dhimmitude is not in the healthcare law. That is a false rumor. Read page 107 for yourself.

Check out the last website above. You can read the healthcare law and confirm the falsehood.

April 09 2012 at 11:05 PM Report abuse rate up rate down Reply
Patty

WOW, great article...

March 14 2012 at 1:20 AM Report abuse rate up rate down Reply
Patty

WOW, great article...can I deduct my pain pills for the headache I now have?

March 14 2012 at 1:19 AM Report abuse rate up rate down Reply
Patty

WOW, great article...can I deduct my pain pills for th eheadache I now have?

March 14 2012 at 1:19 AM Report abuse rate up rate down Reply
Rebecca

As an accountant/tax preparer I am constantly fighting with people who believe if they pay for it with the company ATM card--it is deductible! No! You cannot deduct the dog food bills for the family dog, your cigarettes, or your wife's Victoria Secret lingerie! PERIOD.

March 13 2012 at 8:18 PM Report abuse rate up rate down Reply
jeplchr

It seems very important to pursue the exact definition of this word, which is employed in the controversial health care bill on page 107, but not easily found in any English or American dictionaries.



Check Snopes and Google, but don't stop there, take the time to visit your Library.


Dhimmitude -- What does it mean?

Obama used it in the health care bill.

Now isn't this interesting? It is used in the health care law.



Dhimmitude -- I had never heard the word until now. Type it into Google and start reading. Pretty interesting. It's on page 107 of the healthcare bill. I looked this up on Google and yep, it exists.. It is a REAL word.


Word of the Day: Dhimmitude

Dhimmitude is the Muslim system of controlling non-Muslim populations conquered through jihad. Specifically, it is the TAXING of non-Muslims in exchange for tolerating their presence AND as a coercive means of converting conquered remnants to Islam.


ObamaCare allows the establishment of Dhimmitude and Sharia Muslim diktat in the United States . Muslims are specifically exempted from the government mandate to purchase insurance, and also from the penalty tax for being uninsured. Islam considers insurance to be "gambling", "risk-taking", and "usury" and is thus banned. Muslims are specifically granted exemption based on this.

How convenient. So I, as a Christian, will have crippling IRS liens placed against all of my assets, including real estate, cattle, and even accounts receivables, and will face hard prison time because I refuse to buy insurance or pay the penalty tax. Meanwhile, Louis Farrakhan will have no such penalty and will have 100% of his health needs paid for by the de facto government insurance. Non-Muslims will be paying a tax to subsidize Muslims. This is Dhimmitude.

I recommend sending this onto your contacts. American citizens need to know about it --

March 13 2012 at 6:05 PM Report abuse rate up rate down Reply
dal

Some states will allow you to declare illegal income such as that of drug dealing, prostitution, extortion and bootlegging as taxable income but at the same time comdemn said activities

March 13 2012 at 3:11 PM Report abuse rate up rate down Reply
bbh907

Ah Yes! Another illuminating article!

March 13 2012 at 2:30 PM Report abuse rate up rate down Reply
kilandam

It seems very important to pursue the exact definition of this word, which is employed in the controversial health care bill on page 107, but not easily found in any English or American dictionaries.



Check Snopes and Google, but don't stop there, take the time to visit your Library.


Dhimmitude -- What does it mean?

Obama used it in the health care bill.

Now isn't this interesting? It is used in the health care law.



Dhimmitude -- I had never heard the word until now. Type it into Google and start reading. Pretty interesting. It's on page 107 of the healthcare bill. I looked this up on Google and yep, it exists.. It is a REAL word.


Word of the Day: Dhimmitude

Dhimmitude is the Muslim system of controlling non-Muslim populations conquered through jihad. Specifically, it is the TAXING of non-Muslims in exchange for tolerating their presence AND as a coercive means of converting conquered remnants to Islam.


ObamaCare allows the establishment of Dhimmitude and Sharia Muslim diktat in the United States . Muslims are specifically exempted from the government mandate to purchase insurance, and also from the penalty tax for being uninsured. Islam considers insurance to be "gambling", "risk-taking", and "usury" and is thus banned. Muslims are specifically granted exemption based on this.

How convenient. So I, as a Christian, will have crippling IRS liens placed against all of my assets, including real estate, cattle, and even accounts receivables, and will face hard prison time because I refuse to buy insurance or pay the penalty tax. Meanwhile, Louis Farrakhan will have no such penalty and will have 100% of his health needs paid for by the de facto government insurance. Non-Muslims will be paying a tax to subsidize Muslims. This is Dhimmitude.

I recommend sending this onto your contacts. American citizens need to know about it --

March 13 2012 at 1:18 PM Report abuse rate up rate down Reply
kilandam

It seems very important to pursue the exact definition of this word, which is employed in the controversial health care bill on page 107, but not easily found in any English or American dictionaries.



Check Snopes and Google, but don't stop there, take the time to visit your Library.


Dhimmitude -- What does it mean?

Obama used it in the health care bill.

Now isn't this interesting? It is used in the health care law.



Dhimmitude -- I had never heard the word until now. Type it into Google and start reading. Pretty interesting. It's on page 107 of the healthcare bill. I looked this up on Google and yep, it exists.. It is a REAL word.


Word of the Day: Dhimmitude

Dhimmitude is the Muslim system of controlling non-Muslim populations conquered through jihad. Specifically, it is the TAXING of non-Muslims in exchange for tolerating their presence AND as a coercive means of converting conquered remnants to Islam.


ObamaCare allows the establishment of Dhimmitude and Sharia Muslim diktat in the United States . Muslims are specifically exempted from the government mandate to purchase insurance, and also from the penalty tax for being uninsured. Islam considers insurance to be "gambling", "risk-taking", and "usury" and is thus banned. Muslims are specifically granted exemption based on this.

How convenient. So I, as a Christian, will have crippling IRS liens placed against all of my assets, including real estate, cattle, and even accounts receivables, and will face hard prison time because I refuse to buy insurance or pay the penalty tax. Meanwhile, Louis Farrakhan will have no such penalty and will have 100% of his health needs paid for by the de facto government insurance. Non-Muslims will be paying a tax to subsidize Muslims. This is Dhimmitude.

I recommend sending this onto your contacts. American citizens need to know about it --

March 13 2012 at 1:18 PM Report abuse -1 rate up rate down Reply