taxes

Wild and crazy tax deductions 2013 edition

Try Cousin Vinny 2 doors down
Try Cousin Vinny 2 doors down © Sergey Furtaev/Shutterstock.com

In some parts of New Jersey, it helps to know a guy who knows a guy. But in the tiny rural community of Somerset, CPA Brian D. Levine was shocked and a bit offended to be mistaken for a connected guy.

"I had a potential client come into my office; he had a manufacturing facility and was in the middle of an IRS audit," Levine recalls. "I looked over his records and examined the issues and told him I could take him on as a client."

Then, as he often does with prospective clients, Levine asked what it was about his practice that had captured the businessman's eye.

"Well, I see your name is Brian Levine," the guy says. "The IRS auditor is named Mrs. Levine. I was hoping you were related."

Levine didn't miss a beat.

"I assured him we are not related and that if we were, I could not take him as a client, as that would break conflict-of-interest ethical rules," Levine says. "He hired our firm anyway."


advertisement

Show Bankrate's community sharing policy
          Connect with us
REFINANCE HOME EQUITY AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed refi 4.01%  0.19 4.20%
15 year fixed refi 3.09%  0.08 3.17%
10 year fixed refi 3.16%  0.02 3.14%
 
View Rates in your area Next
Product Rate Change Last week
30K FICO-based HELOC 4.32%  0.02 4.30%
50K FICO-based HELOC 4.06% --0.00 4.06%
100K FICO-based HELOC 3.92%  0.01 3.91%
 
View Rates in your area Next
Product Rate Change Last week
60 month used car loan 2.81% --0.00 2.81%
48 month used car loan 3.04% --0.00 3.04%
60 month new car loan 3.24% --0.00 3.24%
 
View Rates in your area Next
Product Rate Change Last week
1 Year CD 1.00%  0.02 0.98%
2 Year CD 1.19%  0.02 1.17%
5 Year CD 1.85% --0.01 1.86%
 
View Rates in your area Next
Product Rate Change Last week
Balance Transfer Cards 15.73%  0.02 15.75%
Cash Back Cards 16.43%  0.02 16.45%
Low Interest Cards 10.98%  0.02 10.96%
 
Next
advertisement
DAILY TAX TIP NEWSLETTER

Get expert advice during tax season on tax preparation and tips for cutting your tax bill.

advertisement

Connect with us