How to turn your vacation into a fat tax deduction
Amit Chandel CPA, CTS, CTP, CExP, CTRS, LLM(Tax) Author
Investor, Author, Tax & Exit Strategist, IRS Representation Expert: Aiming to help you keep & protect your hard earned money in a tax advantaged environment and achieve ideal business continuity & transition
QUESTION: What beats taking a dream vacation?
ANSWER: Charging it all off as a business expense!
That's right. If you create a solid business reason for taking your trip, and you can throw in enough business hours while you're away, you can write off your entire vacation as a deductible business expense.
Want to fly first class? No problem.
Want to stay in the Presidential Suite? Be Uncle Sam's guest.
Want to take a Mediterranean cruise? The IRS wishes you a pleasant journey.
What's the catch? You have to know the rules.
What are they? To find out contact us at (562) 281-1040 or email us at [email protected]