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Last Minute Tax Tips

By March 22, 2013October 24th, 2018Estate Planning Blog, Robert Lamm
Bob Lamm

Robert Lamm

April 15th is quickly approaching and people keep asking me if I know any “loopholes” that will help them get out of having to pay their fair share.  The answer I give usually goes something like this, “Well, um, no.”   Seriously,  I really don’t know anything about loopholes, but I did  find some creative deductions that people may use if they are looking for that extra edge to push their tax liability down to zero. 

Check out this list  of 10 crazy (but legitimate) tax deductions by clicking here.

It seems that this list is published every year, but it never grows old.  My personal favorites are breast implants for strippers,  legal fees for criminals, and drug rehab expenses.  You should never let the tax tail wag the dog, however, so please, please, please, don’t alter your life-style to qualify.