"Anything/Everything is deductible until you’re audited” is a tax saying that has been cited in print since at least 2003. The saying means that the taxpayer can make a plausible argument for deductibility—until the Internal Revenue Service challenges it in an audit.
Everything is deductible...until you get audited!
$15.00 Everything is Deductible Mug
by Marty on Thu May 15, 2003 8:51 am
Of course, you can claim what you want (until you’re audited).
01-22-2004, 09:22 PM
You can get away with it until you’re audited. Then, you’re absolutely and wholly screwed. And if you think you’ll never be audited, think again.
North American Realty Services Forum
Posted: Sat Jan 08, 2005 1:57 pm
Post subject: Re: Homestead tax reduction
(?’course you can claim anything until you’re audited, at which point you’ll find out for sure what the state’s position is?and maybe even alter their opinion?if you?re a fighter).
DIS Discussion Forums
Wish I Lived in FL
06-18-2005, 09:59 PM
As a friend used to say, “Everything is deductible until the audit.”
NASIOC.com Subaru Forum
08-21-2006, 04:46 PM
Talk to a tax specialist. My dad has done tax stuff since in high school and has told me several times that anything is deductable......until you’re audited.
12-12-2006, 04:57 PM
The number one rule of taxes is that anything is deductible until you’re audited.
MediaLine’s Open Line Forum
Mar 6th 2009, 03:46 AM
The person who prepares my taxes is an enrolled agent who handles returns for several clients in the business. He’s been preparing my returns for several years and I feel very confident that he knows what is deductible and what isn’t. His standard line is that anything can be deducted up until you’re audited.
Posted: Sat Feb 13, 2010 1:55 am
Everything is deductible...until you get audited.
MY college tax professor said “Take any possibly legit deduction.....make the IRS tell ya its not deductible under audit.”
24 Feb 2011
Tax Season Quiz: Which Item on This Receipt Is a Deductible Medical Expense?
By Caleb Newquist
Woody 02/26/2011 11:25 PM
All three. You can deduct anything until you’re audited.
New Zealand Herald
Diana Clement: Best not to bury head in the sand over tax
By Diana Clement
5:30 AM Saturday Apr 2, 2011
The old saying is that you can get away with anything until you’re audited. It then comes back to roost.
New York City • Banking/Finance/Insurance • (0) Comments • Friday, April 01, 2011 • Permalink