A Playboy subscription
A Playboy subscription

Playboy magazine doesn't seem like the most common reading material for a doctor's office. But one Pennsylvania doctor tried to deduct the cost of a Playboy subscription as a business expense, along with all the other magazines he gets for his waiting room.

Magazine subscriptions can be deducted for certain types of businesses, including medical practices since they are used to make patients more comfortable while they wait for their appointment. They can also be deducted if they help someone in their business or occupation -- cooks, for example, may deduct cooking magazines.

But this doctor was pushing his luck with the Playboy subscription.

"There is no business purpose for a doctor to be reading a Playboy magazine and this is not the type of reading material you would want to leave lying out in the waiting room for patients -- perhaps even children -- to read. So for this reason, there was no viable business reason to deduct this magazine," said Anabella Hampton, a preparer at accounting firm TBRE Consulting who prepared this client's return.


By Blake Ellis @CNNMoney - Last updated March 09 2012: 12:41 PM ET
Join the Conversation
Most Popular
 
 
 
 
 

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.