You probably know that you can deduct business lodging travel costs.
What you might not know is that you can turn that deduction into tax-free income for your mom and dad. (Or for other relatives or friends for that matter.) How? By paying them rent for your business stays. And that’s not all. You can deduct the business part of the “rent” you pay. Nice, huh?
If you’re looking for a proven way to pay less tax, don’t miss my new article titled Tax Tips: Create Both Tax-Free Income for Mom and Dad and Business Travel Deductions for You.
Three ways our fact-filled article can help you:
- We’ll explain why this exciting tax-saving strategy makes sense. Sure, you can pay for a room at a fancy hotel. But why give them the money? Why not pay a fair commercial rate to your relatives or friends and let them collect the “rent” tax free? And while you’re at it, you can claim a nice deduction too! We’ll spell out the details for you when you read the full article.
- We’ll tell you how to document your deduction. The fact is, you face the same rules for documenting and deducting your out-of-town business travel expenses if you stay at the Grand Hotel or the Mom and Dad Hotel. You’ll get the whole story when you read the full article.
- We’ll list four points you need to know now! If you want to nail down your deduction, don’t miss what we’ve got waiting for you. Invaluable information is just a mouse-click away. Don’t miss this chance to read the full article.