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WRTG: Deducting Business Travel Expenses for the Expert Witness

Posted on April 5, 2010 4:16 PM |Permalink |TrackBacks (0)

Expert witnesses travel. A lot. Whether visiting a client, appearing in a court room, or traveling for an on-site analysis, Experts buy plane tickets, stay in hotels, eat meals, pay for taxis, pay for internet, parking, and so much more. Many experts negotiate to submit these as expenses to their clients, when they are case-related. However, for experts who absorb all or some of these costs, there are allowable deductions you can claim on your taxes.

You can deduct ordinary and necessary expenses you have when you travel away from home on business. The type of expense you can deduct depends on the facts and your circumstances, according to IRS publication 463, but industry trade conferences can generally be deducted, providing you can demonstrate that your attendance benefits your trade or business.

Of course, I am not a professional tax expert, so please consult your tax pro.

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tax deductions
trade conferences
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This page contains a single entry by Toby Edwards posted on April 5, 2010 4:16 PM.

WRTG: Cross Examination of Expert Body Language? was the previous post in this blog.

WRTG: Expert Witness Deposition Gems. is the next post in this blog.

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