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Convention Expenses |
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Convention Expenses Travel expenses incurred in attending a convention are deductible if the meetings are related to a taxpayer's trade or business or job-related activities. If, however, the convention trip is primarily for pleasure or for investment purposes, no deduction for travel expenses is permitted. Limitations may apply to foreign convention expenses. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| If your convention expenses are deemed to be deductible, they are considered "miscellaneous itemized deductions" and go on Line 20 of your Schedule A--Itemized Deductions. That means black groups end up shelling out millions of dollars in convention expenses that could be saved or used to train staff to bargain for the best deals. Excluding the convention expenses and business transformation charges, operating margin was 18. |
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