Any tax pros up in this blog?

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Submitted by lniles on May 6, 2007 - 10:31pm

I'm posting this in the "off topic" forum in hopes there might be some tax professionals out there. My friend's landlord gives free room and board to foreign college students. He has a large house and 3 rooms are always occupied with these students who live there free. Is there some tax deduction he can take for this? I was thinking charitable contribution or perhaps listing them as dependents... He could easily rent these rooms out for an extra $20k or so per year but he chooses to be generous towards these foreign college students from all over. Any ideas how he can deduct it from his taxes?

Submitted by sdappraiser on May 6, 2007 - 11:05pm.

Umm.. someone might want to call Homeland Security.

Please tell me this isn't a serious question.

Submitted by lniles on May 7, 2007 - 5:33am.

Are you serious SDAppraiser? Hosting foreign exchange students and professors makes you feel insecure? Wanna call security? Please do! Your call to them would be as useful as your posts here.

Submitted by lniles on May 7, 2007 - 6:44am.

Ooh, I found it! It is a charitable contribution to host foreign students, but only up to 12th grade.

http://www.irs.gov/pub/irs-pdf/p526.pdf

SDAppraiser, you may want to mention this "IRS" organization to Homeland Security when you call. They could be affiliated with Al-Qaeda.

Submitted by NeetaT on May 7, 2007 - 2:20pm.

Maybe they're female. That would explain the no cost.

Submitted by FormerSanDiegan on May 8, 2007 - 8:41am.

These two guys lived rent-free in San Diego ...

From a CNN Summary of 9/11 commission report ...

The report singles out as the intelligence community's "best chance" to unravel the plot connections that two of the hijackers, Nawaf Alhazmi and Khalid Almihdhar, made as they settled in the San Diego area in January 2000. Both men were among the hijackers who flew American Airlines Flight 77 into the Pentagon.

CNN previously reported Alhazmi and Almihdhar, while in San Diego, lived in a house belonging to a man who was an FBI informant but who, sources have said, had no information about the men's intentions.

But one FBI agent who was responsible for the informant in San Diego told the joint inquiry that he was unaware that intelligence information was available on the two hijackers before September 11.

"It would have made a huge difference," the agent said. "We would have immediately opened ... investigations."

http://www.cnn.com/2003/ALLPOLITICS/07/2...

Submitted by Enorah on May 8, 2007 - 9:55am.

"From a CNN Summary of 9/11 commission report ..."

That's the funniest thing I've read here.

Should read "From the Machine sponsored by the Machine"

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