If you own a business, discover how to turn your next vacation into a legitimately tax-deductible business trip. Tips from Marcia Yudkin, creator of the Udemy.com course, TAKE YOUR BUSINESS ON THE ROAD. Find out about the course at http://www.tinyurl.com/biztrav44.

1. Business Owners’ Top Ten Tips
for a Tax-Deductible
Business Vacation

2. by Marcia Yudkin

3. 1. A “bizcation” is time away from
home that allows you to
relax/enjoy/unwind, while
scheduling just enough business
activities to make your trip
tax-deductible. Ahhhh!

4. 2. When you satisfy IRS
requirements on business travel,
you can deduct all or most of
your lodging, food, transportation
and other travel-related expenses
for that
trip on your taxes.

5. 3.
IRS taxpayer publication #463
says: "Count as a business day any day
your presence is required at a particular
place for a specific business purpose.
Count it as a business day even if you
spend most of the day
on non-business activities."

6. Accordingly, create a legitimate
business reason why your
presence is required for some
small portion of every weekday at
your
vacation location.

7. 4. For example, do business
research at your destination. On
one trip to Maui, I checked out
many hotels and towns as locales
for a future seminar. I kept notes
in
case of an audit.

8. 5. Visit past, current or future
clients at your destination. It’s
OK if these meetings could have
taken place by phone. Even the
IRS gets that face-to-face time
solidifies relationships.

9. 6. If you publish a blog or
newsletter, invite subscribers who
live at your destination to meet
you at a certain spot at a certain
time.
Call these discussions
“focus groups.”

10. 7. For a road trip, create a route
with small business obligations,
appointments or events along the
way. I deducted a 20,000-mile,
three-month North American
tour this way.

11. 8. If you’re an author, visit
bookstores and sign copies of
your books there – or donate
signed copies to public libraries
along
your route.

12. 9. Note that deductibility rules are
much stricter when it comes to
foreign travel. But domestic
destinations include Hawaii, the
Virgin Islands, New Orleans
and lots more great places.

13. 10. Keep track of what you spend,
and save receipts for all
expenditures over $75.

14. Consult your tax advisor on all
of this, of course!

15. Jazzed about the possibilities and
want to learn more?

16. Check out my Udemy course, “Take
Your Business on the Road,”
with $10 off from this link:
www.tinyurl.com/biztrav44

17. Happy business travels!

18. Marcia Yudkin
marcia@yudkin.com
www.yudkin.com
@marciasmantras