TITLE

Travel Expenses In Connection With Tax-Deductible Education Expenses

AUTHOR(S)
Bottiglieri, William A.; Reville, Patrick J.
PUB. DATE
May 2012
SOURCE
American Journal of Business Education;May/Jun2012, Vol. 5 Issue 3, p353
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Trade or business expenses are deductible if they are ordinary and necessary with respect to the trade or business in which they were incurred. Treasury Regulations bring education expenses into this purview but only if they maintain or improve skills already acquired or allow a taxpayer to maintain his current position. Related travel expenses in connection with educational activities may come into play in (i) travel to an out of town location to attend an educational function, (ii) travel while engaging in educational activities or (iii) travel which is itself a form of education. Current regulations may limit the allowable deduction for these education-related travel expenses
ACCESSION #
83094841

 

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