Rappers Using "Making It Rain" as A Tax Write-Off?...

[McSpacey]

Rapper Jim Jones is figuring out how to deal with Uncle Sam next month, and he's considering deducting expenses on his income tax for making it rain. Well guess what, in theory he might have a fighting chance of winning.

Jones is not alone. Bizzy Bone tells TMZ, "I'm giving charity to females who need their light bills paid. So, of course, that's a write-off. You write off your kids, don't you?"

The Game tells TMZ ... making it rain "is good for business and promotion that comes with the lifestyle of a rapper. They bump our music in a strip club, so me giving the girls a little bit of change to shake their ass -- that comes with the business. Everybody wins."

Daz Dillinger tells us, "Hell yeah. I'm going to see about getting my taxes fixed as soon as possible."

And Lil' Flip tells TMZ he's actually done it ... deducted making-it-rain expenses from his taxes.

So here's the deal ... There are 2 possible ways a rapper could justify deducting strip club tips as a business expense:

1. ENTERTAINMENT EXPENSES These costs could be deducted if the rapper is entertaining a client, customer or employee and the expense is not "lavish or extravagant." So it might be hard for Drake to justify dropping 50K in a club, but another rapper who lets a grand fly would have a much better argument.

2. ADVERTISING OR PUBLICITY These expenses could be deducted if they are "reasonable ... and are directly related to [the rapper's] business." Funny thing ... a lot of rappers say making it rain is something they have to do to build their image so people will buy their records, so as crazy as it sounds, they may have a leg to stand on.

But there's another problem -- those pesky receipts. Strippers don't typically take a time-out to pull a receipt out of their G-string.

Source: TMZ​

 

[AntoineWalkerShimmy]

Honestly, as a tax account, I can kind of see the loophole for it.

 

[BlakeSuperior]

Don't strip clubs have set-ups in them where if somebody wants to get they cash in a bunch of one's, they do it right there? They should give and use receipts for those.

For big time strip clubs, this would be a win-win from what I see.

 

[Loud Still Coolin]

 

[AntoineWalkerShimmy]

Don't strip clubs have set-ups in them where if somebody wants to get they cash in a bunch of one's, they do it right there? They should give and use receipts for those.

For big time strip clubs, this would be a win-win from what I see.

Anything with proper receipts/documentation can always back up your case. Depends how the accountant feels about using it but I always find an area to fit it in as an expense.

 

[Ninjaz In Paris]

 

[DamonDashsRocAFellaChain]

makes complete sense

 

[deeznutz]

 

[C-Styles]

Rapper: Yo throw yo hands in the air and watch me make it rain

Crowd: yeahhhh!!!!!!!

Rapper *throws money in the crowd*

Rapper: Oh yeah, btw, can i get a receipt if you picked up the cash, my accountant needs it for tax season!!

 

[TrapHouse Rock]

thats why they videotape the shyt, some person goes in later and counts all the dollar bills thrown and on the ground

 

[McSpacey]

Rapper: Yo throw yo hands in the air and watch me make it rain

Crowd: yeahhhh!!!!!!!

Rapper *throws money in the crowd*

Rapper: Oh yeah, btw, can i get a receipt if you picked up the cash, my accountant needs it for tax season!!

thats why they videotape the shyt, some person goes in later and counts all the dollar bills thrown and on the ground

 

[NSSVO]

GENIUS.

 

[Thegospel]

Bizzy the GOAT lol

 

[Pinyapplesuckas]

awyeaawyeaawyea

 

[KushSkywalker]

awyeaawyeaawyea

his jewish side musta been