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| FREE NEWS ALERTS A free, comprehensive news service to keep small businesses and independent contractors posted on the latest tax developments affecting their operations.
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Tuesday, Dec. 13 Expenses – Travel #102Most expenses associated with normal business travel are tax deductible. These include costs associated with transportation, baggage and shipping, operating a vehicle, meals (subject to limitations) and lodging, dry cleaning, telephone calls, and tips. For tax purposes, travel expenses are defined as ordinary and necessary costs associated with traveling away from home for your profession, business or job. You must keep detailed records in order to deduct travel expenses. Subscribers have free access to the archives. Click here. |
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