TMZ

Our TV Shows

Got a Tip?

Call TMZ at (888) 847-9869 or Click Here

Jim Jones, The Game, Bizzy Bones

Deducting Making-It-Rain $$$

IS LEGIT!!!

3/5/2013 6:10 AM PST BY TMZ STAFF
EXCLUSIVE

0304-rain-game-jim-jones-bizzy-bone

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.

0304_making_it_rain_footer

88 COMMENTS

No Avatar
1.

KittyKittyKitty    

Yikes!

508 days ago
2.

Jordan    

You Can deduct a portion, but not a large portion Just like a Stripper can deduct a Boob Job as a Business Expense.

508 days ago
3.

tdr9    

We need more news

508 days ago
4.

Jordan    

Bizzy Bones has a big problem saying he is giving to charity when he goes into the Strippers Place of Employment where she is a Contract Employee. You write off your Kids before the age of 18. After 18 they are adults and pay their own taxes.

508 days ago
5.

Jordan    

The Strippers can have a big problem also saying they do not pay taxes on their income. The IRS Can go into the Strip Club and Start doing Audits on the Club and the Strippers.

508 days ago
6.

bernergirl    

Couldn't the club give them a receipt? And as an entertainment expense? He has to provide with what was said at the business....and I'm siding with Chris Rock, there has never been a smart lap dance! So good luck explaining that!

508 days ago
7.

Demi    

It does not get classier than that. Whatba kid way to get off of taxes, they are so generous. When you are giving money away and expecting or planning a tax write off, you are helping only yourself.

508 days ago
8.

Stiletto    

100% disgusting.

508 days ago
9.

sean    

"They all sound like legit deductions to me."
Wesley Snipes (Inmate # 404296)
McKean Federal Correctional Institution

508 days ago
10.

rudynjudyjudy    

you can`t jam the IRS unless you like a free jail cell and free food

508 days ago
11.

rudynjudyjudy    

when your settin with the IRS your stripper money will put you in your own stink hole and everyone elses in theres ho`s for about four years.what you have to ask yourself PUNK is it worth it?well is it?

508 days ago
12.

Keyser Söze    

See, I would say something on how ridiculous this whole thing is... but, then again, who are we to bitch about it if the IRS are cool with it?

We all know the government will do ANYTHING to get as much money out of the pocket of people as possible (big businesses is a whole other story...), so, if rappers can hustle the Feds on this,,, more power to those jackasses.

508 days ago
13.

tdr9    

We need more news

508 days ago
14.

exlax    

obamanation at work paying his stimulas check

508 days ago
15.

exlax    

he should work for the government an get his hoe's paid for by the real tax payer..(fbi or cia)

508 days ago
| 1 | 2 | 3 | 4 | 5 | Most Recent | Next 15 Comments

Around The Web