Sure. You can attend a convention, seminar, or meeting at a hotel somewhere. But wouldn’t it be a lot more fun for these events to take place on a cruise ship or at an exotic location? Well, you can, you know, but you really have to understand the IRS rules which can be tricky. Luckily, we know them all and we’ll show you how to come out a winner when you read my new … [Read more...]
Education
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Update on claiming business-deductions for work-related education
Continuous education can be extremely valuable for you and your employees. But when it comes to deducting the cost of continuous work-related education, the Tax Cuts and Jobs Act has proven rather unhelpful. In fact, the law has made some unpleasant changes you really need to know about. You’ll get a tremendous amount of timely, important information when you read my new … [Read more...]
How to deduct the cost of special needs education
If your child is attending a special needs school, you’re facing some serious financial challenges. But Uncle Sam can offer you some help. You see, tax law lets you deduct tuition, medical expenses, and more. The only catch? You need to know which expenses qualify and the right way to deduct them. We’ll provide all the necessary information when you read my new … [Read more...]
Make the 7-day travel rule work for you!
Want to lie on the beach in Puerto Rico? Or do some skiing in Canada? Uncle Sam will be happy to pay your way. That’s right. Thanks to the IRS’s seven-day rule… When you travel outside the fifty states and the District of Columbia, you can deduct your business transportation costs to and from your destination, even if you work only one day during that trip! So pack … [Read more...]
IRS Expands Tax-Deductible Meetings and Seminars Boondoggle Areas
Where would you like to attend a seminar, convention, or similar meeting? Probably at a beautiful resort or at some beautiful exotic location. Well, the good news is that Uncle Sam is happy to let you deduct the entire cost of getting to and coming from the event, even when you spend some days there vacationing! The only catch? You have to abide by IRS rules that we’ll … [Read more...]