Save your receipts, my friends. With them and the tips below, you’ll be able to write off 50 percent (and, in some full cases, 100 percent) of the golfing you play at home, and while touring. Unlike in Canada (sorry, guys), tax-deductible golfing in America is feasible if certain conditions are met. Basically, you have to play regarding the business activities, but that’s pretty easy to accomplish.
Do you have “substantial business discussions” with potential customers, clients, customers, or employees personally, over the telephone, or by email you could instead carry out at a golf course? Oh, and get this: while it’s the classier move, you are not even required to “treat.” Even if you split the day’s total bill, the part you paid is deductible.
This can get more difficult (regarding domestic vs. When you can demonstrate a vacation (or some of a vacation) was used for the “quest for business”, you can deduct your costs to getting to and from the destination and any business-related expenses you incur at the destination. There’s no rule that says all important business meetings must happen locally. Take benefit of this. You might run this one with a few accountants, but I’ve noticed of people successfully deducting their golf lessons.
It’s actually much less crazy as it sounds. If you’re somebody who regularly uses golfing to amuse customers or to prospect for clients, you could argue that enhancing your game enhances your business. This can be by assisting you get an audience … Read more