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6 crazy tax deductions for the books

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in Small Business Tax,Small Business Tax Deduction Strategies

Every year, Bankrate publishes a list of “zany” tax deductions culled from the files of accountants around the country. Here are the highlights from this year’s list.

 1. A hair-raising experience. Laura Cullen, a CPA in Fresno, Calif., says a new client tried to pull the hair over her eyes. “We had a client that had been transferred to the United States from another country,” she said.  “The first year I did his personal tax return, being aware that you could itemize your medical expenses, he asked me to expense his hair transplant. I had a heck of a time explaining why I couldn’t.”

2. Friends with tax benefits. Changes to the traditional American household can make for some jaw-dropping deductions, according to Los Angeles forensic accountant Susan Carlisle.

“I was surprised to find that a husband, who had left the family home to live with his gay partner, (listed) both his wife and the partner, along with his children, as...(register to read more)

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