How to Maximize Your Deductions for Travel and Convention Expenses
One question often asked by Network Marketing / MLM business owners is “How Much Can I Deduct for Travel, Hotel, Meals and Convention Expenses?”
This is an area which the IRS auditors watch closely. To avoid unwanted IRS attention, you need to know how this deduction works. It can be especially important if you attend your company’s national or international conventions on a regular basis.
For conventions within North America, the cost of travel, lodging and the convention ticket itself are all deductible, just like the cost of any other business trip. Just be sure the convention will qualify as one that benefits your business. In general, company-sponsored conventions will