TAX TIP OF THE DAY... Is cat food deductible?
Yes, under certain conditions the cost cat food might be considered a legitimate deductible expense. A junkyard owner bought cat food to attract local stray cats in order to drive away mice and rats. He claimed it as a business expense and it was approved by the IRS. The average house cat will likely not qualify because the cat would need to perform some task associated with the upkeep of a business.
SHARE WITH A FRIEND.
If you need a tax appointment... www.baboiancpa.com