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  • Don’t get tripped up by travel expense rules

    March / April 2008
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 1250

    Abstract: For many companies and their employees, business travel is a way of life. Although deducting travel expenses may seem like a routine business practice, the rules are complex — and a wrong turn can have significant tax consequences. Many companies reimburse workers or provide advances for their travel expenses. The IRS tends to scrutinize expense reimbursement plans, so it’s a good idea to periodically review an “accountable plan” to ensure it still qualifies as such. This article reviews which travel expenses are deductible and to what extent.

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