Tax Day is less than a month away, have you filed your taxes yet? If it’s your first time filing your taxes make sure not to make any of the mistakes found in You Deducted What?! Devious Deductions and Eccentric Tax Evaders by CheapSally.com. The infographic below illustrates strange but legitimate tax deductions, failed tax deductions, and top celebrity tax evaders. Here are some of the facts:
Legitimate Tax Deductions:
The cost of a babysitter can be written off if you hire one to work while you are volunteering for charity.
Failed Tax Deductions:
After inviting clients to his daughter’s wedding, one business man tried to deduct the entire cost as a business entertainment expense
Celebrity Tax Evaders:
Al Capone owed the IRS $215,000 but spent 11 years in federal prison and had to pay $272,692 in fines, back taxes and court fees.
Be honest when filing your taxes because the truth will always surface, especially when you’re dealing with the IRS!