Sometimes I view strip club visits as a personal way of giving to the poor, a form of charity. Have any of you ever tried to write off strip club expenses as charitable contributions so you could deduct them on your tax return? Maybe writing a girl a check for that $150 VIP so you'd have proof in case of an audit? Obviously there's some security issue there since a check will have some identifying information you may not want to give out, but maybe if you trust the dancer and don't have a spouse watching over your bank account, it might be okay.
I am just glad we are not paying a sales tax on lap dances, drinks, or cover charges! I think Texas might have a "pole tax" for their cover charges so each club has to collect $5 but I am not sure on this.
If you are self employed, receipts are not needed for entertainment expenses (meals) that are below a certain dollar figure. I keep all receipts and report the exact dollar amount to the penny because I'm not willing to risk making a mistake, but if you do something on the side like mow lawns and you report your revenue you can also report a lot of expenses.
Start a foundation, name it the PL Foundation and go through the paperwork to make donations to it tax deductible and then have the foundation pay for your visits to the strip clubs. Use the foundation's credit card to pay.
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They are all printed on your check.
Think about how much damage somebody could do with those.
Think about how many transactions online you may have signed up for with just that information.
Think about what information a check printing company required of you when you ordered new checks.
Think about how little protection your bank offers you with checks.
Think about the IRS audit as well.
Seems to pale in comparison to risk of failing the audit and getting charged with tax fraud. Good luck if you try that one, though. You'll need it!
People still use checks?
Er, that's not how the IRS sees it:
http://www.irs.gov/pub/irs-pdf/p526.pdf
Does the name Wesley Snipes ring a bell?