Go Back   CDN Business Directory > Main Category > Taxes

 
 
Thread Tools Display Modes
  #4  
Old 02-15-2005, 06:47 AM
Seth Breidbart
Guest
 
Posts: n/a
Default Re: What can deduction be claimed when lodging is "free"?

- quote -

> > > 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 was actually thinking of the policy of an ex-employer,
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  
Old 02-15-2005, 05:11 AM
Harlan Lunsford
Guest
 
Posts: n/a
Default Re: What can deduction be claimed when lodging is "free"?

D. Stussy wrote:
- quote -

> Harlan Lunsford wrote:
> > 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.


Yes, I'm sure that was the question, and further, whether he
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  
Old 02-14-2005, 12:09 AM
D. Stussy
Guest
 
Posts: n/a
Default Re: What can deduction be claimed when lodging is "free"?

Harlan Lunsford wrote:
- quote -

> 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.

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
  #1  
Old 02-10-2005, 04:35 AM
Harlan Lunsford
Guest
 
Posts: n/a
Default Re: What can deduction be claimed when lodging is "free"?

Seth Breidbart wrote:
- quote -

> <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?

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 > << ------------------------------------------------->
 
Old 02-09-2005, 02:01 AM
Seth Breidbart
Guest
 
Posts: n/a
Default Re: What can deduction be claimed when lodging is "free"?

<garrettsinclair[at]hotmail.com> wrote:

- quote -

> 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

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
  #-1  
Old 02-07-2005, 04:02 PM
garrettsinclair@hotmail.com
Guest
 
Posts: n/a
Default What can deduction be claimed when lodging is "free"?

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

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

All times are GMT. The time now is 03:07 PM.