Burnin' Down the House…
"A Pittsburgh furniture-store owner had tried to sell his business for years, but there weren't any takers.
Frustrated by his lack of success, he hired someone to burn the store down. He collected $500,000 from the insurance company for his misguided effort.
Incredibly, the man went on to deduct the $10,000 that he paid the arsonist as a "consulting fee." An IRS audit two years later ended with both men in prison.
Apparently, the IRS agent who handled the case was hot under the collar about the whole thing. Ba da bum."
Read more at Dolans.com: 8 Weird and Wacky Tax Deductions.
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