For those of you who have been putting off doing your taxes until the last minute, that time is here! With tax day fast approaching, I've put together a few resources for business travel deductions. Travel and entertainment expenses are generally red flags to the IRS, so it's definitely best to check with a professional before deducting for every expense. These resources should help get you started, however:
- The About Guide to Business Law/Taxes explains some common travel expenditures you can claim here.
- The About Guide to Business Finance details the tax guidelines regarding deductions for travel, entertainment and meals.
- Last, but not least, you can check with the IRS for the official tax deduction guidelines for business expenses.
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