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March 27, 2023
Question

Allowable Business Expense?

  • March 27, 2023
  • 1 reply
  • 0 views

Hello.  I work as an independent consultant.  As part of my work, I spend a lot of time networking.  If I travel to attend a charity golf tournament hosted by a potential employer and attended by other potential clients and employers, I know I can't deduct the cost of participation (recreation), but can I deduct the reasonable travel and meal expenses? 

    1 reply

    Employee
    March 27, 2023
    March 27, 2023

    Just to clarify - so I can't deduct the cost of participating in the golf tournament because it is "entertainment", but I can deduct travel, lodging, and meals associated with attending since this would be a networking opportunity?

    Employee
    March 27, 2023

    That is the argument that you would use if audited by the IRS. Whether the travel is usual and customary for your business is made on the totality of your circumstances.