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Here is an interesting story about claiming too many tax deductions needlessly:

Here is an interesting story about claiming too many tax deductions needlessly:



Rabbi Nesanel Quinn (d. 2005) of blessed memory was once audited by the IRS for claiming a very large charity deduction, while his income was quite meager.



The story is told that an IRS agent visited the saintly Rabbi at his home in Brooklyn, NY to see firsthand what the situation was. 



The agent saw his simple home, and it was explained firsthand how the rabbi donates a very large percentage of his income to charity each year. The agent exclaimed "He must be a saint!" and dropped the case.



It's likely that he didn't have a need to utilize the full amount donated; so his tax preparer should only have claimed a limited amount for the deduction.



In any case, taxpayers should be aware of audit risks when claiming something out of the ordinary, and figure out if it's really worth the trouble.

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