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 your bags, book your flight, and by all means, read my new article titled Tax Tips: How to Travel to Exotic Locations Using the Seven-Day Travel Rule?
Three ways our fact-filled article can help you:
- We’ll explain how two sections of the tax code work to your advantage. Section 274(c)(1) is the general travel rule. BUT … the law provides two exceptions that make your holiday (with a bit of work thrown in) possible. You’ll get all the details when you read the full article.
- We’ll tell you what a “week” means. This may sound obvious but, then again, we’re dealing with the IRS. If you want to know how it defines a week (and you must!), read the full article.
- We’ll keep you from making a big mistake. Careful! If you’re traveling outside the U.S. to attend a convention, seminar, or similar meeting, special rules apply. You’ll get the whole story on the “seven-day” rule when you read the full article.