A self-proclaimed witch in Massachusetts once tried to deduct thousands of dollars spent on potions, spell books, and mystical supplies, claiming they were essential for her “business.” While the IRS does recognize some unusual professions, they decided that magic spells didn't qualify as deductible business expenses. She was furious and reportedly cast a “bad luck” spell on the auditor. So, which of your expenses are deductible – or not?
This item is available in full to subscribers.
We have recently launched a new and improved website. To continue reading, you will need to either log into your subscriber account, or purchase a new subscription.
If you are a digital subscriber with an active subscription, then you already have an account here. Just reset your password if you've not yet logged in to your account on this new site.
If you are a current print subscriber, you can set up a free website account by clicking here.
Otherwise, click here to view your options for subscribing.
Please log in to continue |