Want to deduct the cost of a trip to a convention, seminar, or similar meeting at a beautiful resort? Especially one held in an exotic location?
Then there’s an important fact you should know. The tax law divides the world into two zones:
- Inside North America
- Outside North America
Why does this distinction matter? Because it affects the way you can deduct related expenses… which can add up to a lot of money!
To find out how you can deduct the cost of that Margarita at a resort in the Bahamas, read my new article titled Tax Tips: Secrets to Deducting a Convention, Seminar, or Similar Meeting.
Three ways our fact-filled article can help you:
- We’ll explain the rules that cover events held in North America. If your convention, seminar, or other meeting takes place within this zone, it won’t be too difficult to deduct your expenses. We’ll give you all the good news when you read the full article.
- You’ll learn which areas are considered to be part of North America for tax-law purposes. There are thirty-five areas including the obvious (the United States), and the not-so-obvious (Jarvis Island). You’ll find all thirty-five listed when you read the full article.
- We’ll explain the rules that cover events held outside North America. Here, things get a little more difficult. To prove that your attendance at an event outside the North American zone qualifies for a tax deduction, you need to consider four factors. We’ll tell you what they are when you read the full article.