Thanks, Harlan.
Every so often I realize that Tax 101 was 30 years ago and I
may have lost a few grams of gray matter since.

Nan, EA in LA

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- quote -

ITYM more advantageous net of taxes.

Bringing your own food & drink costs out-of-pocket maybe $10
(I'm guessing you don't drink the whole bottle).

Buying costs half-tax-deductible roughly $25, net of taxes
you're out of pocket around $19.

Seth

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Nan Eklund wrote:

- quote -

Your memory is just fine, Nan.

Cheer$,
HL, EA n LA

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Nan Eklund wrote:

- quote -

If you could attend the meeting without eating and get your
CE certificate at a lower cost, only that portion is 100%
deductible. If the only way to get your CE certificate is
to pay the full cost, the full cost is deductible as CE.

Due to the Caterpillar's allergies, there were some months
where I couldn't eat food at classes. I always made sure
they charged me the full amount, since what they were really
charging for was the class.

Phoebe

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Nan Eklund wrote:

- quote -

I thought the IRS had ruled several years ago that when a
meal is included in the cost of a seminar or CPE program,
the cost does not need to be broken out, and you are not
required to estimate it or otherwise limit your deduction
for the seminar. But, maybe MY memory is failing...

MTW

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Come to think of it.......our SGVCSEA monthly meetings are
$25. Usually 2 hours CE credit. There is no separation of
dues, meeting, dinner costs. I have been blythly deducting
the $25 (no bar fee since I'm diabetic and shouldn't drink).
I think the NAEA once said that the dinners are provided
free.......so that we could deduct the whole cost. Memory
at fault?

Nan, EA in LA

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Seth Breidbart wrote:
- quote -

Brings up an interesting point.

When I go to meeting (Southern for going to church meeting
actually, but here used to denote going to our semi annual
state society meetings), I have two choices: I can pack my
supper consisting of whatever I can scrounge out of the
cupboard at home , i.e cheese, crackers, cookies, Vienna
sausages, cookies, my own bottle of maybe... Dalmore,
anything that can stand the trip, OR I can eat in the
hotel's vastly overpriced restaurant at maybe $15.95 for a
medium priced entre, AND pay $ 5.50 per single Scotch! Which
is more advantageous tax wise?

It's only a question for the first night of meeting, since
second night our "reception" includes an open bar and a
buffet, which with the two lunches at the seminar is
included in our usual 125$ seminar fee for 16 hours. But I
digress.

Cheer$,
Harlan Lunsford, EA n LA

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Brian Collie <bc[at]colliecpa.com> wrote:
- quote -

Because the meal I prepare for myself at home costs $3 for
the ingredients; the same meal, almost as well prepared,
costs $20 at a restaurant.

Seth

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Brian Collie wrote:
- quote -

But, then why is a business meal deductible, 50%?

--
Frederick E. Jorden http://Tax-Accounting-Payroll.com
7825 Midlothian Tpk - 207 Richmond, VA 23235-5247
EMAIL knowtax[at]bigfoot.com
(804) 320-6210 FAX (804) 320-6211

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- quote -

If I take a business trip overnight half my meal costs are
deductible. I have never understood the logic.....but it's
according to Regs......

Nan, EA in LA

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"Bryan Kellar" <bryan[at]oregontaxhelp.com> wrote:

- quote -

Ouch, I'm not entirely correct. Strike the meals from above
-- Sorry.

Bryan

--
-------- Bryan Kellar, EA
Oregon Tax Help, Inc. Portland, Oregon
www.oregontaxhelp.com
www.canadatax.org

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"Nan Eklund" <naneklund[at]aol.com> wrote:

- quote -

You have to eat whether you are on the road or not; so, why
should it be deductible?

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"Andy" <noemail[at]noemail.com> wrote:

- quote -

The following items are deductible: Costs of moving
yourself (driving there, flying there, whatever). Costs of
moving your household goods (movers, u-haul truck & fuel &
supplies). Meals & lodging along the way as you move
yourself, but not once you arrive. 12 cents per mile if you
drive your car. That's about it.

These expenses are deductible from your income on Form 1040
(via Form 3903), presuming you meet the requirements
discussed on the form.

Bryan

--
-------- Bryan Kellar, EA
Oregon Tax Help, Inc. Portland, Oregon
www.oregontaxhelp.com
www.canadatax.org

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100% is deductible except for meals. I guess they don't
think you have to eat on the road.

Dollar for dollar? NO deductions are dollar for dollar.
$1,000 in moving expense might mean $250, $200, $150 in
Federal tax depending on your bracket.

Nan, EA in LA

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"Andy" <noemail[at]noemail.com> wrote:

- quote -

Your "moving" expenses may be deductible, but not your
"relocation" expenses. See IRS Pub 521 and form 3903 for
what is, and is not, deductible as a moving expense.

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I am moving out of state for a job transfer but not being
reimbursed for the move. I understood that in the past 100%
was deductible. I've heard that's not true now.

#1) What % can be written off?
#2) Is the write off dollar for dollar?

Thank you!

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