Hi.
I'm a business owner online retailer.
Is it possible to deduct expenses like gas mileage, meals, etc on Saturdays and Sundays if I'm conducting business in the US?
For example, I travel from New York to California for business meetings on Friday and Monday. Can I deduct my weekend expenses in between? If the answer is yes, then I have 2 concerns: 1. If I wanted to go to the park or zoo on Saturday of my business trip, may I deduct my parking fees and meals at the park/zoo? 2. May I deduct all the mileage for that weekend, even though I'm not conducting any business (such as driving from the hotel, to the zoo, to a restaurant, and back to the hotel)?
Thanks!
Jamie
El Paso Texas
Dear Jamie,
If I understand you correctly, then you travel from NY to California on Friday for a Friday business meeting. You stay in California for the weekend in order to attend a business meeting on Monday. On Monday you return to NY.
If that is so you may deduct the cost of getting to and from CA. All the meals and lodging while traveling to and from, and while in CA, are business expenses and deductible. You may not deduct any personal expenses such as costs to attend or get to the Zoo or a show.
There's more info on travel expenses in these posts expenses -- travel (14) .
Best,
June
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1 comment:
Another thing that you can do is use an online meeting service that allows easy web conferencing. Maybe you can use this for some of your meetings in case an emergency comes up. This would allow you to be able to save money from traveling and expenses that come along with that. Here's a service that I recommend: http://www.glance.net/online_Meetings.asp
I've worked with them for a while, and the prices are really reasonable. It'll definitely save you money and helps in these hard economic times.
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