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Top Document: FAQ: Air Traveler's Handbook 4/4 [Monthly posting] Previous Document: [4-8] Phone Numbers Included in this FAQ Next Document: [4-10] Airline Antitrust Litigation See reader questions & answers on this topic! - Help others by sharing your knowledge A recent IRS ruling allows companies to deduct the cost of lodging and meals as a business expense when an employee stays over a Saturday night in order to get a cheaper airfare, even if no business is conducted on that day. The company does not have to report the room and meals expenses as income to the employee. As of January 1, 1994, the deduction for business meals and entertainment goes down to 50% (from 80%). Business lodging continues to be 100% deductible. This is why many corporate travelers are now booking "Concierge Level" rooms, which include complimentary breakfast and hors d'oevers. Since these rooms are 100% deductible, the higher room rate is offset by the savings vis a vis the IRS 50% meal and entertainment deduction. User Contributions: 1 cheap viagra Feb 25, 2021 @ 2:14 pm https://genericviagragog.com buy viagra without doctor prescription Comment about this article, ask questions, or add new information about this topic:Top Document: FAQ: Air Traveler's Handbook 4/4 [Monthly posting] Previous Document: [4-8] Phone Numbers Included in this FAQ Next Document: [4-10] Airline Antitrust Litigation Part1 - Part2 - Part3 - Part4 - Single Page [ Usenet FAQs | Web FAQs | Documents | RFC Index ] Send corrections/additions to the FAQ Maintainer: mkant@cs.cmu.edu
Last Update March 27 2014 @ 02:12 PM
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