Travel Expenses In Connection With Tax-Deductible Education Expenses

Bottiglieri, William A.; Reville, Patrick J.
May 2012
American Journal of Business Education;May/Jun2012, Vol. 5 Issue 3, p353
Academic Journal
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


Related Articles

  • Chapter 8: Car and Local Travel Expenses. Fishman, Stephen // Deduct It!;2014, p189 

    The article discusses the various aspects of car and local travel expenses in business. An overview about deductible local transportation expenses and how the standard mileage rate works is provided. Also offered are ways to maximize the car expense deduction and reporting the transportation...

  • Equipment deduction cap allowance will have impact. McCullough, Tricia // Wenatchee Business Journal;Dec2015, Vol. 29 Issue 9, p18 

    The article reports that section 179 depreciation deduction allows taxpayers to deduct the full purchase price of qualifying financed or leased equipment that was placed into service during the tax year the deduction is taken.

  • WHAT IN THE WORLD: Times Like These - It's All Good. Hammel-Turk, Leslie // Arabian Horse World;Jan2012, Vol. 52 Issue 4, p8 

    The article presents the author's insights on the effect of La Niña on horses and other animals at the ranch in New Mexico and the southwest U.S. The author says that La Niña has caused blizzards in the state which caused colic to a pregnant mare. She notes the discovery of tracks from a...

  • CLEAR DAYS IN THE SHADOW OF THE CORPORATE IMAGE.  // New Yorker;12/9/1961, Vol. 37 Issue 43, p233 

    The article presents an excerpt from a dissenting opinion in the case Patterson v. Thomas et al on whether some travel and other expenses were deductible. Thomas was described as a good businessman until hearing the president testify that the chance of promotion is just nil to know what the...

  • CHAPTER 4: Home Business Operating Expenses. Fishman, Stephen // Home Business Tax Deductions (9781413317411);2012, p53 

    The article offers information on some basic rules for deducting business operating expenses in the U.S. It presents several requirements to make an expense qualify as the deductible business operating expense including ordinary and necessary, current and directly related to the business. It...

  • THERE'S NO PLACE LIKE "HOME": § 162(A)(2) AND WHY MARRIED TAXPAYERS JUST CAN'T GET "AWAY". Diehn, Anna K. // Emory Law Journal;2010, Vol. 59 Issue 4, p969 

    This Comment examines § 162(a)(2) of the Internal Revenue Code, which allows a taxpayer to deduct expenses incurred while traveling "away from home" for business purposes. Under this provision, a taxpayer may deduct expenses for travel fares, meals, and lodging. Although such expenses would...

  • CHAPTER 4: Home Business Operating Expenses. Fishman, Stephen // Home Business Tax Deductions;Nov2015, p53 

    Chapter 4 of the book "Home Business Tax Deductions" by Stephen Fishman is presented. Topics include the requirements for deducting operating expenses, operating expenses that are not deductible, and how to report operating expense deductions. Also discussed are some of the most common types of...

  • TAX-FILING POINTERS.  // Newsweek;1/31/2005, Vol. 145 Issue 5, p56 

    Mentions several tips for people filing taxes. Maximize deductions; Filing for an extension.

  • Staking a claim. Mills, Anthony // Nursing Standard;9/9/2009, Vol. 24 Issue 1, p64 

    The article discusses how nurses in Great Britain are eligible for tax reliefs, but are not claiming reliefs due to lack of knowledge and the cost of advice. The article states that Her Majesty's Revenue and Customs allows a tax relief for expenses pertaining to the purposes of business. The...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics