Want to incorporate some vacation time into that business trip?
Tread carefully, warns Nora Dunn, senior writer for American Express Open Forum.
The IRS knows this game, and they’ve set out very specific guidelines as to what qualifies as a tax deduction.
Dunn provides a primer explaining the fundamental rules governing tax deductions for business travel: what constitutes a business trip, restrictions regarding travel for conventions, basic claims allowed, and the importance of keeping detailed records and receipts.
Click here to learn the tax regulations before you take your next business trip.