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.Get in touch → https://www.revotaxpayer.com/consultation?utm_medium=podcastConnect With UsWebsite: https://www.revotaxpayer.com/Facebook: https://www.facebook.com/revotaxpayer/Instagram: https://www.instagram.com/revotaxpayer/LinkedIn: https://www.linkedin.com/company/revo-taxpayer-advocacyYouTube: https://www.youtube.com/@HiddenMoneyPodcastChapters[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