From the Spam File

This one wasn't sent to me; my Spam is never this meaningful. It makes a nice addition to my collection, though.


To: [Name]
From: Gary Adams, CPA
Subject: Can You Depreciate Your Cat?

HI [Name],

If you are e-filing with us the short answer is no.

The long answer goes like this:

"Livestock held for work, breeding or dairy purposes may be depreciated over useful life subject to an allowance for salvage value.

Livestock includes chinchillas, mink, foxes, and other fur bearing animals. If held for breeding, or draft purposes, a cat is not inventory.

Therefore, assuming the cat meets the tests, the cat will be depreciable unless the cat breeding activity is subject to the passive loss rules, at risk limitations, or rules denying losses for activities engaged in for profit.

If you sell the cat it will be treated as Section 1231 property, and depreciation will have to be recaptured, unless…the disposition is in connection with a divorce.

So...to avoid recapture, it’s best to contribute the depreciated cat to charity."

When you e-file your taxes with us at:

[LINK REMOVED]

you won't have to worry about whether or not you can depreciate your cat. The rules and forms are all laid out and waiting for you to fill in the blanks.

That's so you can get your return prontissimo.

Psst! Yogi!

That means faster than the average bear.

Many happy returns,

Gary Adams, CPA


Wow.
Just... Wow.

1 comment:

Naomi said...

That was an incredible spam - quite hilarious, but even though it makes some sense I am still sticking with the conspiracy and hidden messages theory.