Travel Expenses

(redirected from travel expense)
Also found in: Dictionary, Thesaurus, Wikipedia.

Travel Expenses

Expenses incurred when a person conducts business away from home. For example, if one must travel to another location to conduct a meeting with an important client, any lodging, meals, or transportation costs usually count as travel expenses. One may deduct travel expenses from one's taxable income, provided they are in fact directly related to business. For this reason, travel expenses are somewhat controversial; some companies, for example, book a business meeting at a major resort and deduct the entire cost. Whether this is an actual travel expense is a matter for debate.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

Travel Expenses

Travel expenses include meals and lodging and transportation expenses while away from home in the pursuit of a trade or business (including that of an employee). Other travel expenses include laundry, shipping, tips, and computer rental fees.
Copyright © 2008 H&R Block. All Rights Reserved. Reproduced with permission from H&R Block Glossary
References in periodicals archive ?
After successfully navigating the road to deductible travel expenses, many travelers hit this final pothole and lose part or all of their travel expense deductions.
One area that has been troublesome for many years is the deductibility of travel expenses of a meeting attendee's spouse.
Nuneaton Labour MP Bill Olner was the highest claimant across the area as a whole, receiving pounds 7,821 in travel expenses.
P simply made a business decision to pay its drivers a per-diem for their travel expenses in lieu of reimbursement for actual expenses incurred.
Because travel expenses can be quite substantial, and the deductibility frequently hinges on the "facts and circumstances," proper planning and documentation are crucial for the peripatetic taxpayer.
Pursuant to Section 274, a travel expense will not be deductible unless substantiated by adequate records concerning:
That action was the only result of a complete financial review of travel expenses paid to athletes in 17 intercollegiate athletic programs at the university.
The Supreme Court in Peurifoy virtually slammed the door on itinerants receiving the travel expense deduction.
Even more outrageously, travel expenses are paid indiscriminately to all deputies irrespective of their place of residence.
KANOO Travel and American Express Middle East announced the signing of a partnership to offer large and mid-sized companies the American Express Business Travel Account - an effective and streamlined way to manage corporate travel expenses. With this partnership, Kanoo Travel, the leading travel management company (TMCs) and pioneer of the travel industry in the GCC, becomes one of the first travel-focused organisations to introduce the American Express Business Travel Account (BTA) in the region, enabling Kanoo clients to consolidate their corporate travel expenses through one centralised account, requiring one single payment.
Nope, nothing new on the travel expense probe, Isert said, but he noted that Heifer, which works to end hunger and poverty and protect the environment, would be celebrating its 65th anniversary on Oct.
The auditors examined $242,000 in travel expenses and questioned about $500.

Full browser ?