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ERIC Number: EJ1056208
Record Type: Journal
Publication Date: 2012
Pages: 6
Abstractor: As Provided
Reference Count: 22
ISBN: N/A
ISSN: ISSN-1942-2504
Travel Expenses in Connection with Tax-Deductible Education Expenses
Bottiglieri, William A.; Reville, Patrick J.
American Journal of Business Education, v5 n3 p353-358 2012
Trade or business expenses are deductible if they are ordinary and necessary with respect to the trade or business in which they were incurred. Treasury Regulations bring education expenses into this purview but only if they maintain or improve skills already acquired or allow a taxpayer to maintain his current position. Related travel expenses in connection with educational activities may come into play in (i) travel to an out of town location to attend an educational function, (ii) travel while engaging in educational activities or (iii) travel which is itself a form of education. Current regulations may limit the allowable deduction for these education-related travel expenses.
Clute Institute. 6901 South Pierce Street Suite 239, Littleton, CO 80128. Tel: 303-904-4750; Fax: 303-978-0413; e-mail: Staff@CluteInstitute.com; Web site: http://www.cluteinstitute.com
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A