Is my mullet tax deductible?? I own a bait shop and think that it is a business expense.
2007-05-02 07:41:56 · 4 answers · asked by dr strangelove 6 in Business & Finance ➔ Taxes ➔ Other - Taxes
I believe so:
Per IRS rules an expense must be "ordinary" and "necessary" to be deductible.
Are mullets "ordinary" as a bait shop owner? - Yes, absolutely.
Is it "necessary" for you to have a mullet as a bait shop owner? - Yes, of course.
So, go for it!
2007-05-02 10:14:41 · answer #1 · answered by Wayne Z 7 · 1⤊ 0⤋
No, there is now a 50% penalty for mullets.
2007-05-02 16:58:12 · answer #2 · answered by Bostonian In MO 7 · 1⤊ 0⤋
Hey if Mc Donalds workers can deduct dry cleaning expenses, why not, I think you should add your beer and Baseball cap to that as well.
2007-05-02 22:16:20 · answer #3 · answered by SP Addict 5 · 0⤊ 0⤋
I think it's coverered as an in-hair-atence tax!
2007-05-02 14:45:08 · answer #4 · answered by cinemave 4 · 3⤊ 0⤋