smilesarepriceless
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smilesarepriceless said:i know about the $39 a day per diem for when travelling out of town for a show, but i can't recall what happens when we are travelling for PC..for either conference..or NDA..
Do we get to do the per diem thing as well...Or do we get all food expenses, or 50% of it?
anyone know?
Yes, you can deduct food expenses for conferences and leadership events on your taxes as long as they are directly related to your business or profession. This means that the main purpose of the event must be for business purposes, and the food must be provided to all attendees, not just yourself.
You can deduct the cost of meals and snacks provided at conferences and leadership events, as well as any necessary tips and taxes. However, you cannot deduct the cost of alcoholic beverages.
Yes, it is important to keep all receipts for food expenses related to conferences and leadership events in order to claim them as deductions on your taxes. The receipts should include the date, location, amount, and business purpose of the meal.
Yes, there is a 50% limitation on deducting food expenses for conferences and leadership events. This means that you can only deduct 50% of the total cost of meals and snacks provided at the event.
Yes, self-employed individuals can deduct food expenses for conferences and leadership events as long as they meet the same criteria as employees. However, if you are self-employed and also the organizer of the event, you cannot deduct the cost of your own meals.