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Old 03-04-2007, 07:37 PM
Poker_Ace Poker_Ace is offline
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Join Date: Feb 2006
Posts: 92
Default Re: Tax write-off question

Your father most likely is correct, but it is +EV to write them off anyway. Your risk of an audit is very small and you have an argument that the sunglasses were purchased for work; even if the IRS disallowed the deduction (highly unlikely that you would have to substantiate the deduction in the first place), you would just owe the tax and some interest and possibly an accuracy related penalty.

No, businessmen cannot write off suits, etc. Clothing can only be deducted if it is a uniform that is required by the employer.
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