This news flash just in direct from the accounting firm of Dewey, Cheatem, and Howe who are all coincidentally currently sitting at the bar at the SL. It seems we have a divided opinion on the question of tax deductibility of RFM's.
Dewey has stated definitively that the IRS will consider such donations tax deductible if "no donation in kind" is returned. Soooooo, no bbbj for you if you want the deduction. BUT Dewey stated that you could send your extension (under wraps, of course) into the chica in question who could then claim YOU as co-dependent.
Cheatem wants this brought before the IRS lawyers to get their initial take on this. He recalls a similar case that resulted in the donor being granted an exemption for reasons of "temporary insanity and terminal stupidity".
Finally, Howe cast a dissenting vote and put a real turd in the punchbowl when he said that donations of this type are not deductible as you cannot legally ask for a tax credit for "donations" to your boss. But, as weasely as accountants can be, he asked you to send HIM the money and he would make sure that your novia got it.
I asked for a recount but by the time I got this posted, Asta had closed the bar and Dewey, Cheatem, and Howe were on the way to KL to investigate the possibility of a group RFM discount. I will let you know what the ladies said to the boys when I stop in there tomorrow. Oh, wait a second, I'm tapped out. Say, would any of you CRT members be able to send me some money? I think about $300.00 should do it.
