Let the IRS Help Pay for Your Family's Travel

In this episode Mike and Kevin walk through one of the most misunderstood lines in the tax code: business travel. Using real trips from their own year, a due diligence seminar in Cancún, a partner retreat in Colorado, and a scouting trip for a short-term rental in Maine, they break down exactly what makes travel ordinary and necessary, where the line is between managing a business and merely dreaming about one, and how much of your next trip the IRS actually ends up paying for.

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Chapters
[00:00] Introduction
[00:01] The Cancún trip
[00:04] The partner retreat
[00:07] Managing rental property
[00:08] Expanding a short-term rental business
[00:09] The line that matters
[00:10] Where the IRS looks hardest
[00:12] How much the IRS actually "pays" for your trip
[00:13] Vehicles count too
[00:14] Legal, legitimate, and a form of good stewardship