Episode Details

In this episode Mike and Kevin walk through one of the most misunderstood lines in the tax code: business travel. Using real trips from their own year, a due diligence seminar in Cancún, a partner retreat in Colorado, and a scouting trip for a short-term rental in Maine, they break down exactly what makes travel ordinary and necessary, where the line is between managing a business and merely dreaming about one, and how much of your next trip the IRS actually ends up paying for.

Get in touch → https://www.revotaxpayer.com/consultation?utm_medium=podcast

Connect With Us

• Website: https://www.revotaxpayer.com/
• Facebook: https://www.facebook.com/revotaxpayer/
• Instagram: https://www.instagram.com/revotaxpayer/
• LinkedIn: https://www.linkedin.com/company/revo-taxpayer-advocacy
• YouTube: https://www.youtube.com/@HiddenMoneyPodcast

Chapters
[00:00] Introduction
[00:01] The Cancún trip
[00:04] The partner retreat
[00:07] Managing rental property
[00:08] Expanding a short-term rental business
[00:09] The line that matters
[00:10] Where the IRS looks hardest
[00:12] How much the IRS actually "pays" for your trip
[00:13] Vehicles count too
[00:14] Legal, legitimate, and a form of good stewardship