Protect your road warriors – Understanding the tax ramifications of business travel

Description

Abstract: Although conference calls and Web meetings are increasingly prevalent, plenty of dedicated “road warriors” still engage in business-related travel. It’s important for the companies sending them into battle to know and understand the tax ramifications. This article examines concepts such as accountable plans, “business travel status” and how to define a “tax home.” A sidebar offers three timely tips for year end tax planning.