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7 Taxpayer Misconceptions

Tax season often reveals a host of misconceptions taxpayers have about the Tax Code. Here's a selection of examples submitted by readers. -- Accounting Today
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<b>There’s a maximum age for the income tax.</b>

How old do I have to be before I can stop paying taxes? is apparently a frequent question from clients, but no matter how old you get, you are always subject to the income tax.
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<b>If there’s no document, there’s no income.</b>

Income is income, regardless of whether the taxpayer or the IRS received an information reporting form about it.
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<b>I need to look presentable for clients, so …</b>

Except with certain work-related uniforms and very specific occupations, needing to look good doesn’t mean you get to deduct gym or spa memberships, health foods, or nice clothes.
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<b>E-filing is a trick to rob me.</b>

Apparently, there’s at least one client out there who insists on paper filing because they believe that if they e-file, the IRS will have access to their bank account and will steal their money.
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<b>Private school tuition is deductible.</b>

Nope.
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<b>I’ll deduct the maximum mileage.</b>

There is no maximum or minimum mileage – just how far you drove.
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<b>I had clients at my wedding, so I can deduct it!</b>

While there are rumors that a wedding planner was able to deduct some expenses because she really was able to use her wedding for professional purposes, having clients attend a non-professional event, -- whether it’s your wedding, your birthday or your child’s birthday – does not make it deductible.
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