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| "Yi Chen" <huskerchen[at]nospam.hotmail.com> wrote: - quote - > Hi, I have a one-man computer consulting practice (sole
I highly doubt there is anything for you to do because you> proprietorship). I am also a researcher, and one of my > research paper was accepted by an International conference > which will be held in France. However, my affiliation on the > paper is the university where I worked for my Ph.D, even > though the paper was accepted after I finished my Ph.D. I > heard of a term "research credit", can I claim the travel > expense as business expense? What I should know and do from > the tax point of view? misunderstand the research credit. You didn't provide any information as to your research and its commercial applications. The research credit is too complex to explain on this newsgroup, but the travel expense question is easy. If the travel is related to your computer consulting practice you can expense part of the trip (excluding 50% of your meals and entertainment) on your Schedule C. Now is a good time to find a tax professional for you to use. Gary Figure X out which X letters to remove to X e-mail me. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| Hi, I have a one-man computer consulting practice (sole proprietorship). I am also a researcher, and one of my research paper was accepted by an International conference which will be held in France. However, my affiliation on the paper is the university where I worked for my Ph.D, even though the paper was accepted after I finished my Ph.D. I heard of a term "research credit", can I claim the travel expense as business expense? What I should know and do from the tax point of view? Thanks a lot! Yi << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| credit, research |
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