|
#4
| |||
| |||
| - quote - > > > Is there any guideline for deducting a minimum amount when
I was actually thinking of the policy of an ex-employer,> > > traveling on business and staying at a friend's house? I > > > seem to recall some nominal amount was allowed to be claimed > > > for tax purposes. > > > > > Does anyone know the answer? > > You can give a gift to your friend and deduct its cost. I > > don't know the exact dollar limit, or if it's just > > "reasonable". > Seth, are you perhaps thinking of the 25$ limitation of tax > deductible "gifts"? which tended to be driven by what was deductible. I think the technical term was "hostess gift" (though that's probably been replaced with something more politically acceptable). Seth << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
#3
| |||
| |||
| D. Stussy wrote: - quote - > Harlan Lunsford wrote:
Yes, I'm sure that was the question, and further, whether he> > Seth Breidbart wrote: > > > <garrettsinclair[at]hotmail.com> wrote: > > > > Is there any guideline for deducting a minimum amount when > > > > traveling on business and staying at a friend's house? I > > > > seem to recall some nominal amount was allowed to be claimed > > > > for tax purposes. > > > > > > > Does anyone know the answer? > > > You can give a gift to your friend and deduct its cost. I > > > don't know the exact dollar limit, or if it's just > > > "reasonable". > > Seth, are you perhaps thinking of the 25$ limitation of tax > > deductible "gifts"? > > > I always stay at hotels when I travel for business, but if I > > DID take advantage of an invite, say from an old college > > buddy, old girlfriend.... (ahem, girlfriend of long > > standing!......) the only thing I would think of deducting > > would be the away from home meal allowance, and even then I > > would pro rate that amount to allow for any free meals I was > > afforded. Unless I took her out to eat, then it just might > > be to cultivate a future client; you reckon? > I think what is being asked about here is "per diem" lodging > rates. > However, to claim the per diem rate, one must actually incur > a lodging expense (which may be less than the rate). Here, > the rate "incurred" is zero - i.e. there is no amount > incurred, and therefore the rate doesn't apply. was "allowed" a certain amount even in the absence of actual expenditures. When we have a two day seminar, our society includes lunch in the price, also an abundant happy hour first night along with copious amounts of food to counteract the copious amounts of spirits comsumed. And of course we from out of town stay there at the hotel, so breakfast is included. So somehow I just can't bring myself to putting down two days at ... 31$ ? per day. (It IS 31, isn't it?) (hmm. what code section specifies that?) ChEAr$, Harlan Lunsford, EA n LA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
#2
| |||
| |||
| Harlan Lunsford wrote: - quote - > Seth Breidbart wrote:
I think what is being asked about here is "per diem" lodging> > <garrettsinclair[at]hotmail.com> wrote: > > > Is there any guideline for deducting a minimum amount when > > > traveling on business and staying at a friend's house? I > > > seem to recall some nominal amount was allowed to be claimed > > > for tax purposes. > > > > > Does anyone know the answer? > > You can give a gift to your friend and deduct its cost. I > > don't know the exact dollar limit, or if it's just > > "reasonable". > Seth, are you perhaps thinking of the 25$ limitation of tax > deductible "gifts"? > I always stay at hotels when I travel for business, but if I > DID take advantage of an invite, say from an old college > buddy, old girlfriend.... (ahem, girlfriend of long > standing!......) the only thing I would think of deducting > would be the away from home meal allowance, and even then I > would pro rate that amount to allow for any free meals I was > afforded. Unless I took her out to eat, then it just might > be to cultivate a future client; you reckon? rates. However, to claim the per diem rate, one must actually incur a lodging expense (which may be less than the rate). Here, the rate "incurred" is zero - i.e. there is no amount incurred, and therefore the rate doesn't apply. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
#1
| |||
| |||
| Seth Breidbart wrote: - quote - > <garrettsinclair[at]hotmail.com> wrote:
Seth, are you perhaps thinking of the 25$ limitation of tax> > Is there any guideline for deducting a minimum amount when > > traveling on business and staying at a friend's house? I > > seem to recall some nominal amount was allowed to be claimed > > for tax purposes. > > > Does anyone know the answer? > You can give a gift to your friend and deduct its cost. I > don't know the exact dollar limit, or if it's just > "reasonable". deductible "gifts"? I always stay at hotels when I travel for business, but if I DID take advantage of an invite, say from an old college buddy, old girlfriend.... (ahem, girlfriend of long standing!......) the only thing I would think of deducting would be the away from home meal allowance, and even then I would pro rate that amount to allow for any free meals I was afforded. Unless I took her out to eat, then it just might be to cultivate a future client; you reckon? ChEAr$, Harlan Lunsford, EA n LA tue 8 Feb 2005 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| | |||
| |||
| <garrettsinclair[at]hotmail.com> wrote: - quote - > Is there any guideline for deducting a minimum amount when
You can give a gift to your friend and deduct its cost. I> traveling on business and staying at a friend's house? I > seem to recall some nominal amount was allowed to be claimed > for tax purposes. > Does anyone know the answer? don't know the exact dollar limit, or if it's just "reasonable". Seth << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
#-1
| |||
| |||
| Is there any guideline for deducting a minimum amount when traveling on business and staying at a friend's house? I seem to recall some nominal amount was allowed to be claimed for tax purposes. Does anyone know the answer? Thanks << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| claimed, deduction, free, lodging |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| "^~"" FREE - STATE OF THE ART ADVERTISING "^~"" Dave: Free impossible to resist state-of-the-art advertising. Yours for the asking at: http://www.flyinads.com/7584 +Ff:1CnY?HK@fUhEa^:_ | Microsoft Money | 1 | 08-06-2003 10:16 AM | |
| ~"~"" FREE web based business ~"~"" Dave: Your own web based business FREE! the products are in BIG demand and commissions can be up to 80%. Nothing to pay now - NOTHING TO PAY EVER. Get... | Microsoft Money | 1 | 08-06-2003 10:16 AM | |
| Thread Tools | |
| Display Modes | |
| |