J.K. Lasser's Small Business Taxes 2014: Your Complete Guide to a Better Bottom Line
by Barbara Weltman
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Travel and Entertainment Expenses
Travel within the United States
Living Away from Home on Temporary Assignments
Technology has enabled small business owners to market their goods and services in a manner similar to that of larger companies. For example, local radio advertising may expand the market for a small business beyond the general area in which its office is located. To service these expanding markets, you may have to travel to see clients, customers, vendors, suppliers, and others who are part of your business operations. If you travel on business or entertain clients, customers, or employees, you may be able to deduct a number of expenses, provided you follow special substantiation rules.
For further information about travel and entertainment costs, see IRS Publication 463, Travel, Entertainment, Gift, and Car Expenses. For a listing of per diem rates, see IRS Publication 1542, Per Diem Rates. Business use of your car for travel and entertainment purposes is discussed in Chapter 9.
Local Transportation Costs
Do you travel from your office to see clients or customers? Do you have more than one business location? Do you have an office in your home but go into the field to transact business? If the answer to ...
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