January 20th, 2016
TAX TIP OF THE DAY... IRS dislikes politicians!
Trump, Cruz, Hillary, Bernie & Vermin Supreme are all off limits.
I usually can find a way to deduct just about anything under the right circumstances. Prior posts have included pet food, firearms, daily coffe... but there is one stone wall road block... POLITICAL CAMPAIGN CONTRIBUTIONS are never deductible.
IRS publication 529: You cannot deduct contributions made to a political candidate, a campaign committee, or a newsletter fund. Advertisements in convention bulletins and admissions to dinners or programs that benefit a political party or political candidate are not deductible.
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If you need tax help... www.baboiancpa.com
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David S. Baboian, CPA