Discussion:Ethical? Cast your vote!
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Revision as of 05:55, 21 October 2008
Discussion Forum Index --> Basic Tax Questions --> Ethical? Cast your vote!
Discussion Forum Index --> Tax Questions --> Ethical? Cast your vote!
| 21 October 2008 | |
| I have a client who has about 70K in gross receipts and 75K in ordinary and neccessary business deductions (repairs, office expense, interest expense, contract labor etc...). He has no other earnings but has a qualifying child for the EIC. Is it ethical to disreguard some deductions in order to receive an EIC? I vote YES! I see no reason he should feel obligated to take every deduction possible if it does not improve his position. He even told me that he was thinking about not taking a $9K deduction because he couldn't find documentation for it. What am I supposed to tell him, "If you are able to find documentation, GREAT, if not, too bad because your refund will go up!?!?"
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