Are flights to tradeshows for my company a write off?

Posted by admin in Trade Show Questions on Sep 22nd, 2009 | 3 responses

3 Responses to “Are flights to tradeshows for my company a write off?”

1. Watchman says:

   March 5, 2007 at 4:35 pm

   Expense it as soon as you pay it.
2. imisidro says:

   March 12, 2007 at 9:52 am

   Yes, as long as the travel is related to business and is intended to help promote your business or if you have expectations of earning income from it.

   However, note that only 50% of food and beverage (“meal”) and entertainment expenses are allowed as a deduction. This is something you need to consider when claiming attendance to tradeshows in your taxes.

   I suggest you read IRS Publication 463 – Travel, Entertainment, Gift, and Car Expenses http://www.irs.gov/pub/irs-pdf/p463.pdf which contains all the information you need about tax writeoffs for travel and tradeshow participations. Per this IRS publication

   “You can deduct all of your travel expenses if your trip is entirely business related.”
3. car trouble says:

   March 13, 2007 at 10:30 am

   Just about anything that you incure as an expense for your your job can be a tax write off, even if you drive and rent a car and pay for your own gas. The best thing to do is to make all this information, with receipts, available to your tax preparer.