Alaska must have some of the best porkers in existence sitting in our hallowed Congress. Look at this CHARITABLE IRS deduction. Of course, you have to be recognized by the Alaska Eskimo Whaling Commission to collect this little gem:
Expenses of Whaling Captains
Beginning in 2005, you may be able to deduct as a charitable contribution the reasonable and necessary whaling expenses paid during the year in carrying out sanctioned whaling activities. The deduction is limited to $10,000 a year. To claim the deduction, you must be recognized by the Alaska Eskimo Whaling Commission as a whaling captain charged with the responsibility of maintaining and carrying out sanctioned whaling activities.
Sanctioned whaling activities are subsistence bowhead whale hunting activities conducted under the management plan of the Alaska Eskimo Whaling Commission.
Whaling expenses include expenses for:
- Acquiring and maintaining whaling boats, weapons, and gear used in sanctioned whaling activities,
- Supplying food for the crew and other provisions for carrying out these activities, and
- Storing and distributing the catch from these activities.
Ahoy there...just call me Cap’n.
If you’re interested in what you may not deduct for your whaling activities, just visit your friendly IRS online.
Man, I’d sure like to whale on the
Hat tip: Mr. Wally Ballou, who is at home doing his taxes. Jeez, and it’s not even April 14th yet.