Comment on YSK that americans can now deduce private jet expenses from their taxes

• Pyr_Pressure@lemmy.ca ⁨14⁩ ⁨hours⁩ ago

  I’m always terrified to write stuff off because I fear I will accidentally write something off that I’m not really allowed to due to some obscure legalese and then I will get audited in 5 five years and owe 10 grand in late fees and interest or some shit.

  source

  • AA5B@lemmy.world ⁨4⁩ ⁨hours⁩ ago

    It’s not too bad as long as you’re not a dick about it. One year I marked myself as head of household instead of single. I’m not even sure why I did it. I only thought “huh, this saved a lot on my taxes”, and really had no idea what I was doing. They sent back a correction and how much i owed. I paid and that was it. Not scary at all.

    Of course in today’s world all about spite and punishment I could imagine it being much worse

    source

    • HeyThisIsntTheYMCA@lemmy.world ⁨3⁩ ⁨hours⁩ ago

      Yeah, I’m a sane world you just get a letter explaining where they think you made a mistake, and you can either pay the difference or provide evidence your position is correct. All done by mail.

      source
  • burgermeister@sh.itjust.works ⁨12⁩ ⁨hours⁩ ago

    I too get nervous every time I do my taxes but I figure if I’m honest about it they’ll forgive most mistakes

    source

    • Delphia@lemmy.world ⁨4⁩ ⁨hours⁩ ago

      In most countries if you can make a convincing argument about why you thought it would be allowed and can argue it with a straight face they arent interested in nailing you over it because it isnt worth their time.

      I asked my accountant “Hey, when I take sick leave at work and I have to get a doctors certificate to get paid for those days, does that make the doctors visit a work expense?”

      He said “Thats a legitimate enough argument that if you want me to I’ll put them on your return. Dont know if it would pass an audit but the reasoning is solid”

      source