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Midwit meme meets Tax Court.
How a taxpayer used one-sided journal entries to reduce income and inflate expenses to the tune of $200,000+.
bUt ThE wOrK iS wOrTh sO MuCh mOrE! is a common reply when I tell people they can't write off X, Y, or Z as "donations" when they didn't pay tax on the income.
By Roger Ledbetter4.7
1414 ratings
Midwit meme meets Tax Court.
How a taxpayer used one-sided journal entries to reduce income and inflate expenses to the tune of $200,000+.
bUt ThE wOrK iS wOrTh sO MuCh mOrE! is a common reply when I tell people they can't write off X, Y, or Z as "donations" when they didn't pay tax on the income.

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