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10 craziest tax deductions for 2011

Taxes » Tax Deductions » 10 Craziest Tax Deductions For 2011

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The self-employed sometimes take liberties with the dues and subscriptions deduction, as this Massachusetts CPA found out by accident.

"A self-employed real estate professional had thousands of dollars in dues and subscriptions. When we reviewed the details of the account, the client was trying to deduct some personal subscriptions to adult magazines. We convinced the client to treat those items as a nondeductible personal expense."


 

 

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