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...]
Education
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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...]
Two Paths to Deducting Certain Business Education Expenses
Business-related classes or seminars can provide you with a lot of useful information, but often at considerable cost. That’s why learning how to deduct these costs is so important. The first thing you need to know is that are two paths that lead to hefty deductions. Which path should you take? You’ll find out when you read my new article Tax Tips: Two Paths to … [Read more...]
Turn a two-person “seminar” into a deduction
Here’s a ruling of the Tax Court you should be aware of … In the Jones case, the Tax Court decided that one-on-one training constitutes a “seminar” for tax purposes. This precedent-making finding opens the door to some exciting tax-free travel opportunities. Want to find out more and then book a flight to Florida or St. Thomas? Read my new article titled Tax … [Read more...]
How to slash college costs with tax credits
The good news… Uncle Sam offers eleven possible education tax benefits that can save you a lot of money. The bad news… With all those choices it can be hard to know which tax benefit makes the most sense for you. That’s why my new article makes “must” reading. It simplifies things by explaining how you can qualify for one of just two outstanding tax credits. The … [Read more...]