Imagine an enjoyable and educational trip paid for by Uncle Sam.
According to the Internal Revenue Service (IRS), owners and
employees of companies (including shareholders) can legitimately
claim an income-tax deduction for expenses incurred while attending
trade shows, conventions and meetings.
The government will pay for many of your expenses incurred while
attending a trade show or convention if you follow certain rules.
Usually all that is required to qualify for convention-related tax
deductions is that you be able to demonstrate that your attendance
at an event benefited your business. However, there are
When it comes to meals, the IRS imposes quite a few
restrictions—as well as a number of loopholes. Generally,
expenses for meals include all amounts spent for food, beverages,
taxes and related tips. Meals are labeled by the IRS as
"entertainment," and the tax deduction generally is limited to 50
Log in or register for FREE access to this article and other Professional Roofing online content.