Taxes » Tax Deductions » 10 Craziest Tax Deductions For 2011
Hey, I'm just a giving kind of guy!
Ah, the wedding tale! This nondeductible expense ploy pops up every year in different guises, sort of like those bridesmaid gowns that come in colors not found in nature that you'll never wear again. Most try to squeeze that $50,000 whopper into business travel and entertainment, or T&E, expenses ("Hey, I invited my clients!"), but some just want it any way they can get it.
"I had a client who insisted on deducting the cost of his wedding," says a Massachusetts CPA. "He could not understand why this was not deductible, and I could not understand where he expected to record it. As a charitable donation? Like he was nice enough to marry her?"
I guess as long as it's not bigamy, it's big of him.