Javier Goldin Interviewed in USA Today on Tax Tips for Business Travelers
As tax day rapidly approaches, it pays to be aware of which travel expenses can legitimately be claimed as business deductions. In a recent USA Today article, Javier Goldin, CPA, managing partner of Goldin Group in Bethesda says that in order to claim travel as business expense, you have to prove that you’re trying to make money. The primary purpose of your trip must be business, rather than pleasure.
Goldin says that there’s nothing wrong with mixing the two, but you can only deduct your business expenses. “We oftentimes travel with mixed intentions or multiple intentions that are not clear. If you understand what the law says, and you plan it properly, ahead of time, and you document what you did and what you learned, then things will probably work out.” He cautions, however, that trying to pass off a lunch with your child at Disneyland probably won’t fly with the IRS.
For more tax tips on the right way to combine business with personal travel, click here to read the USA Today article.