Today we have urgent breaking news: your taxes are due. Yes,
friends, April 15 is right around the corner and if that doesn’t
scare your socks off, I suggest it’s time to up your
medication.
Today we have urgent breaking news: your taxes are due. Yes, friends, April 15 is right around the corner and if that doesn’t scare your socks off, I suggest it’s time to up your medication.
At this very moment you are undoubtedly deep in the midst of filling out those annoying tax returns, scratching your head and pondering ways to count “Kitty” as a legitimate tax deduction.
No, there is nothing existing in today’s government that is quite as challenging as the Tax Code. The Tax Code is one ginormous tome, a publication that nobody – least of all the current heads of the Treasury and other budget-focused departments – seems to know diddly-squat about. I mean, if correctly paying the total amount of taxes a person owes was a requirement to being a high-powered appointee in government, Washington D.C. would be a ghost town. But still.
This ambiguity of the Tax Code does not excuse the average tax payer – that would be you and me – from knowing all the various and intricate “ins and outs” of the Tax Code and what is currently allowed in terms of tax-deductible expenditures as in, “No, your dental adhesive is not deductible.”
Take your aforementioned cat and her deductibility-worthiness when it comes to preparing your tax return.
Yes, I realize you’ve spent more on Kitty and her bi-weekly dialysis than on the college tuition of all your children combined.
Kitty still does not qualify for a medical deduction on this year’s tax return. And, I know, that is so not fair.
However, perhaps there is a way around the “deduction-ality” of your cat’s health care. Or perhaps your cat doesn’t even require health care.
Suppose you keep your cat around because coming home from a hard day at the office and being greeted by your standoffish cat is, well…a stress reliever of sorts. Isn’t that a good thing?
Of course it is! A happy, unstressed worker is a healthy worker. And a healthy worker, well…works!
Therefore, in order to perform your job in an efficient manner and earn a good salary so you can PAY ALL THOSE TAXES, you might argue that your cat is an integral part of the compulsory accoutrements in the performance of your daily job requirements. (Did you understand that? I’m fairly certain I didn’t.) So your cat is – Bingo! Tax deductible! Right? RIGHT??
Well, you would think. Personally, I would argue that this sort of deduction ought to fly in any IRS tax audit, but I am sad to tell you that not all CPAs or IRS agents would agree.
That’s right, some of those tax folks can be downright picky and ill humored when it comes to allowable expenses.
Take, for example, another mandatory item for achieving stellar work performance: shoes. Suppose you are a professional woman and you want to propel your career ride upward on the fast track.
To fracture that glass ceiling, you are in need of a substantially sharp stiletto such as the 4″ covered heel found on a pair of red Manolo Blahnik Patent Strappy Sandals (price: $745), freshly imported from Italy.
Well. What IRS agent would be so callous as to suggest that the aforementioned sandals are not fully tax deductible?
Yes, but it happens, taxpayers! Tragically, not even the French have figured out a method of manufacturing a tax-deductible pair of shoes.
Need a snappy pair of red-soled Louboutin Mary Jane platforms ($965) to impress your boss and soar ahead of the corporate melee?
Sorry, ladies, even those greedy AIG executives haven’t figured out a way to deduct these Parisian beauties. Bonuses? Maybe. Stilettos? Not a chance.
Even playful Jimmy Choo shoes won’t cut it in the tax deduction department. Not that you can’t try.
I mean, somewhere out there exists an IRS auditor sympathetic to the needs of sharp career-minded girls who know that all it takes to jump ahead in the world of movers and shakers is a swingin’ little pair of Jimmy Choo Peep-Toe Platform Pumps ($750) matched up with the large Jimmy Choo Leopard Zip Hobo bag ($3,150). Yes, in these pressing economic times, you have to look under every rock to unearth those valuable tax deductions – assuming you have, you know, a job and all.
So whether it’s cute shoes or your snooty kitty, as an alert and informed journalist, I’m telling you those tax deductions are out there, people!
And if you claim these worthy deductions on your tax return and the IRS starts getting all, like, fanatical about it, you just tell them to come and see me.
That’s right. I’ll be happy to give them a piece of my mind. Just tell them to call and ask for me: Barbara Walters. That’s right. Ask for Babs. Yep. That’s the old tax-deduction ticket.
