Is writing off travel expenses as easy as it seems?
In this video I'm going to break down 3 KEY things you must know in order to get the maximum deduction available to you.
Business owners have access to thousands of dollars in additional tax deductions, all from travel expenses.
And if these expenses are tracked and deducted properly, they can add up to a hefty deduction for you tax bill.
☎️ Schedule your FREE Tax Strategy Call - www.TaxPlanningCall.com/
1:20 - Foreign Travel
2:20 - Foreign Travel General Rule
2:40 - Exception Rule #1
4:09 - Exemption Rule #2
5:07 - Foreign Travel Summary
6:07 - Foreign Lodging and Meals
7:05 - Domestic Travel
9:25 - 50% Rule
12:30 - Domestic Day Travel
🤑 Gusto Payroll Software - gusto.com/r/boris466
P.S. When you sign up for Gusto, you get a $100 visa gift card
Related Videos:
💸 Payroll Taxes For Business Owners - The Ultimate Cheat Sheet - bit.ly/3Bu02JN
🏡 Real Estate Depreciation Tax Strategy - bit.ly/3t6jA1M
🌟 SERP IRA vs. SOLO 401k - bit.ly/3z9qmHW
🚀 How to Fund a ROTH IRA for Kids in 3 SIMPLE Steps - bit.ly/3nnwpBN
🤓 3 S Corporation Tax Strategies Explained - bit.ly/3GKgDtD
💰Owner Compensation Tax Strategy - bit.ly/3akZiLx
*Disclaimer This material & presentation content is for informational and educational purposes only. This material and presentation content is designed to provide general information regarding the subject matter covered. It is not intended to serve as legal, tax, or other financial advice related to individual situations. Because each individual’s legal, tax, and financial situation is different, specific advice should be tailored to the particular circumstances. For this reason, you are advised to consult with your own attorney, accountant, tax preparer, and/or other advisor regarding your specific situation or your client’s specific situation. The information and all accompanying material are for your use and convenience only.