http://articles.moneycentral.msn.com/Ta ... ?GT1=33009
[Related content: IRS, taxes, car insurance, tax write-offs, tax laws]
By The Wall Street Journal
"The IRS rejected the casualty loss deduction of a drunken driver who wrecked his vehicle. But the man won an appeal to the Tax Court."
In the case a gap was found in the tax code, that the tax rules do not define what willful negligence means for casualty losses... according to Jay Starkman, an Atlanta certified public accountant and author of the book "The Sex of a Hippopotamus: A Unique History of Taxes and Accounting."
Court lets drunken driver write off truck damage
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Jenny Lynn
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Court lets drunken driver write off truck damage
Jenny
"All truths are easy to understand once they are discovered; the point is to discover them.” Galileo Galilei
"If our lives are endangered by plots or violence or armed robbers or enemies, any and every method of protecting ourselves is morally right” Marcus Tullius Cicero
"By special Pastoral appointment."
"All truths are easy to understand once they are discovered; the point is to discover them.” Galileo Galilei
"If our lives are endangered by plots or violence or armed robbers or enemies, any and every method of protecting ourselves is morally right” Marcus Tullius Cicero
"By special Pastoral appointment."
