During tax time, clients look to you to help them save money. And part of that process is helping them file their returns correctly.
As reported by Financial-Planning.com, a recent survey by the Minnesota Society of Certified Public Accountants found some taxpayers try to claim outrageous deductions to cut down on income losses. In past years, clients have tried to:
- list family pets or unborn children as dependents;
- claim speeding tickets as business expenses; and
- claim below-value home sales as investment losses.
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