Do you travel abroad on business?
Then here’s some good news …
If you know how to plan your trip correctly, you can combine business and pleasure and deduct most, if not all of the cost!
My advice? Before you buy your tickets and pack your bags, read my new article titled Tax Tips: Foreign Travel: Combining Business and Pleasure.
Three ways our fact-filled article can help you:
- We’ll show you how to pass the important 76/24 test. The first thing you’ll need to do is classify every day of your trip as either business or personal. (You want the business percentage to exceed 75%.) All will be explained when you read the full article.
- You’ll learn why you won’t have to work all that hard. Good news. When you’re abroad, you don’t have to work eight hours or more for Uncle Sam to call your work day a business day. How many hours will you need to put in? You’ll get the answer when you read the full article.
- We’ll explain why business deductions add up fast. On a business day you can deduct all the costs needed to “sustain life.” This goes way beyond meals and hotels as you’ll learn when you read the full article.