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Author Topic: Tax time -  Hot Tub related (Don't try this a  (Read 3612 times)

ndabunka

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  • 2003 Jacuzzi J370 Platinum/Coastal Grey Synthetic
Tax time -  Hot Tub related (Don't try this a
« on: March 25, 2009, 04:15:36 pm »
""It's tax time and many on here want to write off their hot tub.  Here's a snipet from a recent article on the 9 wackiest tax deduction "attempts"...

Taxpayers sometimes get into hot water by deducting their spas and swimming pools, either as medical deductions or, more boldly, as business expenses.

"We had a woman who tried to deduct her tricked-out Jacuzzi hot tub due to medical reasons," says Elizabeth Dittrick of Dittrick and Associates in Cleveland. "That can be a legitimate expense -- but not the underwater speakers, the mood lighting and the in-tub stereo. So we ended up deducting a portion of it but removed the sound and lightshow. She did use it for medical reasons; she had arthritis and had a note from her doctor."

It was going to be a bit longer swim for one New Jersey accountant's client.
"A taxpayer wanted to write off a $100,000 swimming pool for medical reasons," says the accountant. "Swimming, he explained quite seriously, relaxed him so he could earn more money, which in turn would be taxable."
Uh ... no.""

Entire article here:
http://www.bankrate.com/brm/news/tax/20090325_wackiest_tax_deductions_a2.asp?caret=1bb
...The gene pool could use a little chlorine....

Quickly approaching a mid-life crisis one day at a time.

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Tax time -  Hot Tub related (Don't try this a
« on: March 25, 2009, 04:15:36 pm »

 

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