Your business associates are treated slightly differently. What about a spouse’s expenses? Are those deductible?Ĭonvention and meeting expenses incurred on behalf of your spouse or dependent are deductible if your spouse or dependent is your employee and he or she has a legitimate business purpose for traveling with you. Remember to keep detailed records and a daily log of convention expenses. Expenses for a convention or meeting in connection with investments, financial planning, or other income-producing property are not deductible. Fifty-percent of the cost of meals (100% for food and beverage expenses provided by a restaurant paid or incurred in 20).ĭeductible travel expenses include those incurred attending a convention related to the taxpayer's business.Toll telephone calls and computer rentals.Her convention expenses are not proper deductions. Even though the convention is law-related, Alecia cannot show any actual business benefit that results from her attending the convention. Alecia does not practice international tax law, nor does she have any clients in that field. The IRS requires you to show an income-producing purpose for your attendance.įor example, Alecia, a self-employed attorney from Atlanta, attends a convention about international tax law in New York. The most important limitation on deducting convention and seminar expenses is that your attendance at the meeting will advance your business. The Tax Code allows you to deduct the cost of attending work-related conventions, conferences and seminars but your attendance at these functions must be related to your business and they must benefit your business activities.
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