| Title: | CRUISE TRAVEL |
| Moderator: | XANADU::FAMULARO |
| Created: | Thu Aug 04 1988 |
| Last Modified: | Thu Dec 12 1996 |
| Last Successful Update: | Tue Dec 31 1996 |
| Number of topics: | 562 |
| Total number of notes: | 2834 |
Hi: Has anyone heard of cruises combined with professional seminars, such as personal financial management? I've been told by a tax accountant that the expenses for these trips are deductible provided certain criteria are met. According to the accountant, some of these are: 1. Cost of trip greater than 2% of gross income. 2. Careful documentation, including proof of attendance at all sessions (notes, attendance records). The accountant said that such sessions might run from 8am to 2pm, which would leave much of the day open for other activities. Considering the above, it seems to me this is worth further investigation. Charles Monia
| T.R | Title | User | Personal Name | Date | Lines |
|---|---|---|---|---|---|
| 524.1 | LEEL::LINDQUIST | Pluggin' prey | Mon Apr 17 1995 08:34 | 12 | |
I believe that it is nearly impossible now to hold
professional seminars outside the US, which are deductible.
Based on an article I read, the same test applies to cruises.
So if you want to try this, you'd only stand a prayer on
a US-flagged ship.
And, there aren't many of those. American Hawaii, and
riverboats are the only ones I know of.
Personally, I think it would be easier just to send a letter
to Margaret Milner Richardson, begging to be audited.
| |||||
| 524.2 | Do you remember where you read that? | STARCH::jmonia.shr.dec.com::monia | Charles Monia, SHR3-2/W3, 237-6757 | Mon Apr 17 1995 15:41 | 8 |
> I believe that it is nearly impossible now to hold > professional seminars outside the US, which are deductible. > Based on an article I read, the same test applies to cruises. Do you recall the source of the article? Charles Monia | |||||
| 524.3 | KAMALA::DREYER | Soon to be cruising! | Tue Apr 18 1995 17:02 | 8 | |
> I believe that it is nearly impossible now to hold > professional seminars outside the US, which are deductible. Don't know about that, my B-I-L has a dental convention in Bermuda in a week, and it's definitely tax deductible. Laura | |||||