Do you ever attend conventions or similar meetings?
Great! Your attendance automatically qualifies as you having a “substantial and bona fide business discussion.” And when you precede or follow such business discussions with entertainment that takes place in a non-business setting, you can claim some big deductions.
For example, going to a convention at the Disneyland Hotel? By all means take the wife and three kids. You can deduct the cost of five tickets to Disneyland and a whole lot more! You’ll find out how when you read my new article titled Tax Tips: Tax Deduction for Disneyland Tickets.
Three ways our fact-filled article can help you:
- We’ll explain the benefits of holding a “bona fide business discussion.” The cost of the tickets to Disneyland and the expenses incurred while you’re inside the park are deductible as “associated entertainment.” You’re good to go with or without mouse ears. Get all the details when you read the full article.
- We’ll tell you why you can deduct the tickets for the wife and kids. The IRS allows the associated-entertainment deduction to a person who is “closely connected” to the person who engaged in a substantial and bona fide business discussion. Here, the IRS names the spouse as closely connected and kids are closely connected to your Disneyland entertainment. You’ll learn more when you read the full article.
- You’ll learn how you can go “Dutch treat.” Let’s say you paid for yourself and your family and nothing for another family at the convention. You went to Disneyland Dutch treat and that’s just fine with the IRS. Get all the facts when you read the full article.