Tax season is in full swing and people are trying to deduct all that they can. The United States tax code allows for many unusual but legitimate tax deductions, tax credits, and exemptions. For example, hot tubs and swimming pools are not just for the rich and famous. If you have a medical condition that a good soak or swimming regimen could help—you could write off the expense of a new pool… as long as you’ve got a doctor’s note. Here is a sampling of some of the more noteworthy unusual tax breaks that have been successfully claimed. Some of these might even apply to you.
SACRAMENTO, Calif. (AP) — California prison officials are setting the first standards for which transgender inmates should receive state-funded sex-reassignment surgery after spending years in court fighting to block the operations.
Your IRA isn’t an HSA. Last week I was asked whether there was a penalty for taking money from an Individual Retirement Account to pay for surgery. I said there was no penalty, but that it was taxable income. The person who asked was surprised and confused, thinking that penalty and taxation are the same thing. They aren’t.
The story of Cuba's first transsexual to undergo gender reassignment surgery is coming to the big screen in a documentary getting its premiere Wednesday on the Communist-ruled island, its director said."Mavi Sussel underwent (male-to-female) gender reassignment surgery in 1988 and the documentary is a journey inside this woman, and about the prejudices and problems she has faced, and the questioning of her womanliness," filmmaker Marilyn Solaya said, quoted on the official news agency AIN, ahead of the film's launch Thursday.
NEW DELHI: E-filing of income tax returns for individuals for the assessment year 2016-17 is likely to begin sooner this time as the revenue department will put in place the necessary software by mid-April. "The department has notified income tax return forms for various categories of assesses. The software for e-filing of returns by individuals and HUFs will be ready by mid April," a source told PTI. The tax department, the source said, is in the process of updating the software for facilitating pre-filling of information for these ITR forms.
An appeal board has rejected a transgender woman’s plea to have her sex-change surgery in the United States reimbursed by Ontario’s medicare system, underlining Canadian health care’s struggle to handle a surging demand for gender-altering services.
Amanda Pearson now plans to push ahead with a complaint to Ontario’s Human Rights Tribunal, arguing the province’s backlogged, restrictive system — resulting in years’ long wait lists for taxpayer-funded surgery — discriminates against transgender people.
Americans are known to bristle come April 15, but nearly 240 years after the founders threw a Boston Tea Party to protest unfair taxes, citizens are using less dramatic – but no less creative – ways to test the tax code. Modern-day challenges often end in U.S. Tax Court, where citizens can go to take on the Internal Revenue Service.
Ah, tax day with its inevitable fretting over returns, extensions and payments is almost upon us! It?s hard not to think about your chance of audit when filing your taxes.??Yet as a tax lawyer, I must assume every return will be audited.??If I believe there?s a 50% chance a deduction is correct, my advice must ...