Publication 463

Publication 463

A form published by the IRS explaining the allowed write-offs for expenses related to gifts, travel and entertainment for business purposes.
References in periodicals archive ?
If the travel does not require a stay for sleep or rest away from the taxpayer's tax home, the taxpayer cannot deduct expenses such as meals and lodging (see IRS Publication 463, Travel, Entertainment, Gift, and Car Expenses (2009); United States v.
As a general rule, IRS Publication 463 states: "An expense is not considered to be lavish or extravagant if it is reasonable based on the facts and circumstances.