NO. 8 Deducting more than 50% of meals when travelling out of town for business
A commonly misunderstood deduction is for meals when travelling for business out of town. These meals are only 50% deductible. I have had this conversation many times with students in my teleclasses or when I am out speaking. Many, many years ago these meals were 100% deductible – but not anymore. If you do much travelling for business, save yourself from this costly mistake. There are a lot of things you can do right when travelling out of town for business that you might miss – if you think you have more to learn, go check out my course on Travel, Meals & Entertainment. You’ll find it here on the link below (but you’ll need to scroll down to see it) As a special deal for you – I just realized we have not changed the posted price – It was to go to 19.95 after the live call – but you can get it now for only 15.95
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