Combining Business with Family Expenses
Business travel expenses are one of the most looked at by the IRS. Deductions in these expenses are just fine, in most business travel cases. But, what if you want to take your family along with you? Perhaps you have a business trip in New York and the family wants to spend a few days sight seeing. Can you deduct the costs now?
You can deduct the costs associated with your expenses along, for the business portion of your trip. In other words, your airfare is deductible while theirs is not. Their hotel room is not deductible but yours is. If you all stay in the same room and the cost is the same as it would be for one single person, then the entire hotel expense is deductible. Likewise, while they are sightseeing, the expenses associated with that are not deductible.
This entry was posted on Saturday, December 29th, 2007 at 9:19 pm and is filed under Deductions. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.