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Travel Expenses, Transportation Costs - What is Deductible?

Summary

A very common question from tax professionals is: “What travel expenses are deductible?”. The reason this question is so common is the deep analysis of the facts and circumstances needed to come to a decision and even then the decision is sometimes not 100% determinable. In addition, there are many terms used to determine if the expenses is deductible, such as tax home, per diem, CONUS, itinerant, etc. Take this webinar to gain a better understanding of deductible travel expenses and help your clients accurately report and track their expenses.

Objectives

Upon completion of this course, you will be able to:

  • Determine a taxpayer’s tax home, if any.
  • Analyze different scenarios to determine which travel expenses are deductible.
  • Determine what travel or transportation expenses are deductible.
  • Identify when a per diem rate can be used.

Course Details

Includes webinar recording, PowerPoint presentation and Q&A webinar transcript. CPE is issued after exam is successfully completed.




   

Presented by: Laura Strombom, EA, MBA, NTPI Fellow

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