Friday, May 24 2013 6:49 AM EDT2013-05-24 10:49:03 GMT
It's a voyage that helps introduce tourists to those small waterfront towns that they may not ordinarily think to visit. A cruise ship docked in Biloxi on Wednesday night. Then on Thursday, passengersMore >>
It's a voyage that helps introduce tourists to those small waterfront towns that they may not ordinarily think to visit. A cruise ship docked in Biloxi on Wednesday night. Then on Thursday, passengers visited several attractions including the Biloxi lighthouse and the visitors center. The Grande Caribe set sail from New Orleans and will continue on until it reaches St. Petersburg. Crew members said it's the stops along the way that makes these small cruises stand out.More >>
Monday, May 13 2013 12:24 PM EDT2013-05-13 16:24:04 GMT
MARION COUNTY, MS (WDAM) - A weekend-long drug raid left 22 individuals behind bars, and more arrests to come. According to Marion County Sheriff Berkley Hall, the drug raid is the result of severalMore >>
A weekend-long drug raid left 22 individuals behind bars, and more arrests to come.More >>
Thursday, May 23 2013 5:38 PM EDT2013-05-23 21:38:18 GMT
The picture of a George County dog set on fire is disturbing. Authorities say the circumstances surrounding how fire consumed the dog are shocking. According to George County Sheriff Dean Howell, 20-year-oldMore >>
Socks, the dog reportedly burned this week by his owner, has died. That word comes from a George County Sheriff's deputy. Socks succumbed to injuries suffered after 20-year-old Brandon Pierce allegedly set his dog on fire Tuesday night. The suspect told deputies he torched the dog because he "wanted to help the dog go to heaven."More >>
Thursday, May 23 2013 10:07 PM EDT2013-05-24 02:07:07 GMT
"Study the past if you would define the future." Those words were once said by Confucius and those are the words the Historical Society of Gulfport strives toward for its city. Wednesday, that societyMore >>
Hoping to highlight Gulfport's history, members will be making that building a museum and welcome center for the city.More >>
An 87-year-old grandmother took on billionaire Donald Trump. And on Thursday - she lost.More >>
An 87-year-old grandmother took on billionaire Donald Trump. And on Thursday, she lost.More >>
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SOURCE Minnesota Society of Certified Public Accountants
MINNEAPOLIS, Feb. 28, 2013 /PRNewswire-USNewswire/ -- The Minnesota Society of Certified Public Accountants (MNCPA) recently surveyed its CPA members about the most creative tax deductions proposed by their clients. Responses included everything from swimming pools and manicures to poodles and non-existent children.
"Creativity is rewarded in many parts of society, but not by the IRS," said MNCPA Chair Barbara Steinhauser. "And many of the creative deductions our members identified in the survey would've resulted in intervention by the IRS had a CPA not interceded and encouraged the tax filers to remove them from their tax returns."
With changing tax laws on both a state and national level, taxes have grown more complex, underscoring the value of CPAs to their clients.
"Claiming an error on your tax calculations because tax preparation software said it was 'okay' is not an acceptable defense with the IRS," Steinhauser added. "CPAs are professionals who understand and monitor changing tax laws and serve as valuable counselors to their clients."
Here is the MNCPA list of strange-and unacceptable-deductions for 2012:
Ab-solutely not: A ballerina was surprised to discover that she couldn't deduct the cost of a tummy tuck.
A new wrinkle: One woman's attempt to deduct BOTOX® expenses as an "image enhancement" expense? Not a smooth move.
Filing expenses: Sing us a song, you're the piano man. Just don't try to claim your manicures as a business expense, as one piano player proposed.
Beware of the very small dog: A farmer who tried to claim food and veterinary expenses for his toy poodle as a farm-building "guard dog" was barking up the wrong tree.
Ch-ch-changes: Men may be from Mars and women from Venus, but medical expenses related to a sex-change operation are not deductible on any planet, which was news to one filer.
Not a deduction? Bingo!: One woman took a chance on deducting gambling losses as a charity donation. Mark that down as another gambling loss.
Off the deep end: Many reasons for deducting the cost of a swimming pool were offered-including as a medical expense-but they didn't float.
Children need to be seen: While children/dependents are considered an acceptable deduction, one filer failed to realize that he needed to actually have children/dependents in order to claim them.
Not a bright move: Try to deduct tanning-bed expenses, as one filer did, and you'll get burned every time.
No sweat: One woman hoped to shed some pounds and add a deduction by writing off the cost of "Zumba" exercise classes. One out of two isn't bad.
Questions about what you can and can't deduct on your taxes? Contact a CPA. Don't have one? Visit www.mncpa.org/referral, or call 800.331.4288.
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