Sunday, March 30, 2014

Tax time, a few deductions to consider or not


Tax filing?  I didn't think
to claim my parents
CNN Money/Blake Ellis, 3/26/14. "13 crazy tax deductions", #4 of 13 articles.

 "A 85-year-old woman from Massachusetts surprised tax preparer William Philbrick by trying to claim her parents as dependents on her tax return ... even though they were long deceased.

"When I questioned the exemptions, she whipped out the instructions and proceeded to go through the tests: no income, related to her, did not file a tax return [and weren't claimed as dependents by anyone else]," said Philbrick, senior vice president at Greenberg, Rosenblatt, Kull & Bitsoli, P.C.

While he thought the woman was pretty clever, Philbrick still turned down the deduction.

Related - Related: 10 tax audit red flags.

Note:  Not related photograph from  Diabetes diet dialogue, Jeanne Louise Calment, who lived to be 122 years old, died in 1997, Aries, France.

Posted by Kathy Meeh 

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