Is Your Summer Vacation Tax Deductible?

For many, summer vacations are a way to relax and unwind and enjoy what is usually sunny, warm weather. Maybe your ideal vacation destination is a beach; perhaps the lake or mountains. Paying for dream destinations can be challenging, though. Have you considered turning your vacation into a tax deduction? It’s possible.   Active Versus … Continued →

Planning a Vacation with a Foreign Business Trip? Here Are Some Tax Pointers

When you travel outside of the U.S. and the trip is 100% devoted to business, all of the ordinary and necessary business travel expenses are deductible, just as if the business trip were within the U.S. On the other hand, if the trip also incorporates a vacation, special rules determine the deductibility of the travel … Continued →