How to Make Your Trip Expenses Tax Deductible

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Going for a trip and want to reduce your expenses without cutting down on the benefits? Make your trip tax deductible. I know what you’re probably thinking. “Tax deductible trips are only for business, so how can I deduct expenses of a non-business trip from my taxes?” Make it into a business one!

The most important thing to do is to keep excellent records and document your business intentions, business purpose, and business-related activities in your trip. Sally (not her real name) is a film set designer who always wanted to visit China. So to make it worth it, she found a way to go there and write off the expenses from her income tax. She found a movie producer who wanted to make a documentary in China and suggested a joint venture. Once the deal was agreed upon, Sally went to work making the necessary contacts in China – the embassy, museums, influential people etc. With the help of the embassy, Sally arranged to visit places she could photograph along with a friend.

Please see full article below for more information.

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The Law Offices of Darrin Mish, P.A. on:

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