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Unformatted text preview: Fed Tax 11-8-06 p. 346 Problems 4a) Business trip to san diego, away from the home for tax purposes- travel expenses and meals and loding will be decutible under 162a2- the meals would be limited to 50% per 274 4b) trip last though until Sunday, only for business for three of the days- travel expense- 1.162-2b1 governs, if a taxpayer has both personal and business trip in one, only if the trip is primarily business will the travel be deductible- the amount of time spent on personal vs business is substantial in the determination, even though the classification is taken on a case by case basis- meals- would be deductible through Wednesday- the traveling expenses get separated from the meals and the lodging as far as the primarily business test for the trip is concerned 5a) two year assignment- longer than one year, indefinite, no deduction for being “away from home”- there is a relistic expectation that the assignment will exceed 1 year 5b) if she returns home after 3 months, there is still no dedcution b/c they expected the employment to be indefinite initially 5c) 6-months in Cedar Rapids, 21 days in Des Moines, returns to Cedar Rapids- the return home wouldn’t make a difference, it is essentially a 21 day vacation home...
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- Fall '06
- Expense, Operating expense, Temporary work, indefinite Private Letter