Do you attend business conventions, seminars, or similar meetings?
If you do, don’t assume that you can automatically “write off” your attendance expenses.
The fact is, you could lose those valuable deductions if the event is held in the wrong location. Or if the “wrong” group of people are in attendance. Or if your purpose for attendance doesn’t meet the standards required for deduction.
That’s why it’s so important for you to get the facts before you start packing your bags and making reservations. Where can you get this important information? In my brand new article titled Tax Tips: How to Qualify Conventions and Seminars for Tax Deductions?
Three ways our fact-filled article can help you:
- We’ll explain the all-important “reasonableness” standard. The basic rule that governs tax deductions for attending all North American conventions is the “reasonableness” standard. What makes a tax deduction for attending a seminar in San Francisco or Panama reasonable? You’ll find the answer when you read the full article.
- You’ll learn how to deduct attendance at foreign conventions. To determine if it’s “reasonable” to hold the meeting outside the North American area, the IRS looks at six key factors. We’ll spell them out for you when you read the full article.
- We’ll tell you how to deduct a cruise ship convention. If you don’t know all the complex rules governing the deduction of your cruise ship convention, you could get into hot water, fast. But there is one easy way to make sure your deduction passes IRS muster. You’ll find out what it is when you read the full article.