Question? Is starting a small Network Marketing Travel Business a good idea?
Answer: Yes! Absolutely! Have you read the best selling book "Rich Dad Poor Dad"
by Robert Kiyosaki and Sharon Lechter?
Question? Can you deduct the cost of going on a two week
Caribbean Cruise if you are meeting with clients and potential clients?
Answer: Yes, as long as you can justify it as a business expense.
Question? What if my spouse comes along on the Caribbean Cruise?
Can I receive additional deductions?
Answer: Yes! As long as they are a partner or employee of your business
and attended conventions or business meetings on the trip you took together,
then his or her travel and 50 percent of his or her meals are also deductible.
Here's a Hot Tip that will come in handy on your next business trip!
Grab an envelope from the stationary drawer of your hotel room
or cruise cabin and put all your receipts from that trip in it.
Label the envelope with names and dates to help you remember that trip.
The more accurate your records are, the more likely they'll be accepted
and validated by the IRS if you ever become involved in an audit situation.
Disclaimer: Use of any information from the above forum post is for
general information only and does not represent personal tax advice
either express or implied. You are encouraged to seek professional
tax advice for business income tax questions and assistance.
Drew Setterington
www.IncomeFunnel.com
Platinum Member
Independent Affiliate
Global Resorts Network
