If a bald man buys a toupee to enhance his professional image, can he write it off as a business expense?

Question

Could he list it as an overhead?

Answer 1

If he is willing toupee an accountant he can. He just needs some wig gle room. To pay more overhead than he should would be shear madness. He shouldn't mess with the middleman, but go right to the top. He could put rabbit fur on his head if he doesn't want a receding hareline. The Chia Pet look is attractive. However, it could cause an allergic reaction and give him the hives. He could have his honey comb his hair. At least, that is the buzz from the street. Would pretending to have hair be a bald faced lie?

Answer 2

1

Answer 3

Rugs are considered a business expense and I don't think anyone would want to split hairs over this deduction. I know he can write off part, or maybe it's "the part".

But isn't a sentence with the words toupee and enhancing professional image considered an oxymoron?

Answer 4

Hmm, I don't think he can. Now if he takes his toupee out to dinner with him and starts to have a conversation with him about business then maybe he can write that off...

Answer 5

Contact the internal revenu service at 1800-829-1040 and ask to speak to the small business unit they will advise you as to weather on not he can itemized his deductions for this expence.

Answer 6

Yes. He just needs to make sure whether to classify it as a fixed asset or overhead.

Answer 7

Reminds me of the saying -- Man who's bald in the front thinks a lot; man who's bald in back is sexy. Man who's bald all over just thinks he's sexy : )

Answer 8

Only if he wears it only to work. His overhead can't be used during commute hours.

Answer 9

His accountant would have to do some fancy footwork, but I'm sure there's a way to do it !
Good Question !

Answer 10

I'm a salesman and wrote off my penile implant because it gave me the confidence to sell more cars...