Strangest Tax Laws

State lawmakers can certainly think of some strange tax laws. The Tax & Accounting business of Thomson Reuters recently produced its annual list of "quirky" sales and use tax laws from the past year.

In Illinois, fans of Whoppers malted milk balls are in luck. Candies that contain flour, like the Whopper, are exempt from the state's candy tax, which applies to all other candies.

Image: Shutterstock

While food and food products are typically tax exempt, New York has deemed vegan edible gummy drinking glasses taxable. Under the current ruling, the glasses were deemed a confection and therefore taxable under current sales and use tax law.

Boat enthusiasts are rejoicing in Maine as a result of the new tax exemption for parts and supplies such as sails, rope, rigging and masts used for operating, repairing and maintaining windjammers used to ferry people and cargo as a business activity.

Image: Shutterstock

Wine lovers in Maryland are now subject to double taxation should they wish to bring their own bottle of wine to their favorite restaurant. Under the new ruling, residents are taxed for having someone open the bottle for them.

Image: Shutterstock

Retiring just got sweeter for residents of Sitka, Alaska, who are now exempt from sales tax for the purchase of goods, services and rentals after reaching the ripe age of 65.

Image: Shutterstock

In Connecticut, not all diapers are created equal. Adult diapers are tax exempt, but children’s diapers are taxed.

Image: Shutterstock

This last one is not really an odd tax law, but rather a twist on a “normal” tax law turned strange by a business owner. A theater owner in Spain came up with a unique solution to falling ticket sales after the VAT on admissions to theaters was raised to 21 percent this summer: carrots. Since vegetables are subject to a reduced rate (currently 4 percent), the theater has transformed itself into a produce stand of sorts. Now when customers opt to buy their carrots from the theater for a mere $16, they are treated to a free theatrical performance.

Image: Thinkstock



Top 10 Challenges of Managing Multiple Accounting Offices

Consolidation in the accounting industry has resulted in more accounting firms juggling multiple locations. Maureen Schwartz, executive director of BKR International, provides a top 10 list of challenges as well as guidance for multiple-office practice management.

View the slideshow >>


What to Do When Your Identity Has Been Stolen

A step-by-step guide for victims of ID theft (and their advisors)

View the slideshow >>


The 'Tax Warrior' Creed

Philadelphia firm Drucker & Scaccetti creates a warrior mindset

View the slideshow >>


10 Tips for Fighting Tax-Related ID Theft

Constant vigilance is the price of fighting online fraud

View the slideshow >>


Taxpayers Speak!

A WalletHub survey reveals what your clients really think about taxes and more

View the slideshow >>


Top 10 Form W-2, 1099 and 1095 Myths vs. Realities

Greatland Corporation has compiled a list of misconceptions when it comes to tax-reporting requirements. Failing to understand the real truth behind these myths can cost a business extra money to file again or, even worse, to pay steep fines if reporting is not done in compliance with regulations.

View the slideshow >>


The Fastest-Growing Firms in the U.S.

The firms with the highest 2015 revenue growth from our Top 100 Firms/Regional Leaders list

View the slideshow >>


6 Ways to Attract and Retain Millennial CPAs

Millennials have a very different set of priorities when deciding where they want to work than previous generations. Employers need to ensure they are tailoring their organizations in order to find and keep millennial talent. Here are some suggestions from Henner Schliebs, VP and head of finance audience marketing at SAP.

View the slideshow >>


The 2016 IRS Dirty Dozen

The 12 most egregious tax scams of the year

View the slideshow >>


Top 10 Tax Tips for Farmers and Ranchers

While some farms may raise cattle, poultry or fish and others grow fruits or vegetables, all will report their farm income on Schedule F, Profit or Loss from Farming. If your clients own a farm or ranch, here are 10 tax tips from the IRS.

View the slideshow >>