Airfare > Kevin Wessell, CEO Companies Incorporated, Noted Asset Protection/Estate Planning Guru Gives Helpful Info To Business Travelers On Saving Money On U.S. Travel Costs

Kevin Wessell, CEO Companies Incorporated, Noted Asset Protection/Estate Planning Guru Gives Helpful Info To Business Travelers On Saving Money On U.S. Travel Costs

Los Angeles, CA (ContentDesk) September 01, 2005 -- Kevin Wessell, renowned asset protection and estate planning expert said today that business travelers should be aware of a legal and proper program for a US tax deduction that allows them to travel on business, perhaps spend some leisure time on their trip, and deduct 100% of the transportation costs for the trip. Wessell heads LA area-based Companies Incorporated that provides corporation formation in all 50 US states, asset protection, offshore trusts accounts and estate planning.
Information on Mr. Wessell and CI's suite of services for businesspersons can be accessed via their web site at www.companiesinc.com. Deducting Business Trips Wessell points out: "As you probably know, when taking a vacation is the main purpose for traveling, the IRS does not allow you to deduct your transportation expenses.

Whereas, if the main reason for the trip is a business purpose, the IRS says you can deduct 100% of your transportation cost for travel within the US. Therefore, the aim is to be sure that the main purpose of the trip is business. There is no law against having a bit of fun while on your business trip.
Do things right and you can deduct 100% of your transportation expenses."He went on to point out, "Here is one provision that is quite controversial but has passed the IRS muster:
If you do business on Wednesday through Friday and stay Saturday and Sunday, are the last two days tax deductible?
The answer is quite straightforward - it depends.
If the purpose of staying the weekend is to have a couple of vacation days, it probably is not.

However, if the purpose is to save money on airfare because a Saturday night stay lowers the plane fare more than the costs of staying an extra night or two, it likely is." It's essential to figure out exactly what is required to deduct travel without raising red flags.
If an audit reveals you have crossed the line, not only will you not be allowed your deductions, but you will also be required to pay interest on the amounts owed plus pay a penalty of 5%.
Moreover, if the IRS determines that you have purposefully broken the rules, the penalty can be as high as 50%, according to Wessell. He added, "Prior to writing off your business trip, be sure your deductions are legitimate.
The size of your deductions is reliant upon the purpose of your trip.

The IRS classifies travel as either entirely business, primarily for business or primarily for personal reasons." Wessell said in conclusion, "The most audited business type is the sole proprietorship or partnership - more specifically, the Schedule "C" (self employment form).
The least audited type of business is a corporation.
So, having the corporation pay for a business trip is less likely to be taken to task than taking the same deduction through the previously mentioned business types.
As an employee, you can deduct un-reimbursed travel expenses if you need to do business away from home.
Transportation costs, lodging, laundry, telephone and Internet expenses are some of the available deductions.

Usually, meals are 50% deductible too."About Companies IncorporatedEstablished in 1977, privately-held Companies Incorporated serves both large and small businesses throughout the USA and in some foreign locales with incorporating services, establishing LLCs (limited liability companies) to creating offshore companies aimed at protecting assets to legally reducing annual taxes.
CI also provides services to establish S corporations and non-profit organizations as well.
CI holds national seminars on its various services, most recently to a sell-out gathering of professionals in a prestigious Las Vegas hotel. CI is based in the Los Angeles area at 27200 Tourney Road, Santa Clarita, CA 91355. Telephone is 800-959-8819.

The CI Website is www.companiesinc.com. For more information on CI's offshore companies and trusts those interested can visit CI's web site at www.offshorecorporation.com..

Singles Dive into Adventure at Roatan Honduras during Murder Mystery Week

Solve the mystery of who-dun-nit while wall-diving the spectacular barrier reef off Roatan, Honduras in the pristine waters of the western Caribbean Sea.
Eels, sharks, barracudas and other sea creatures are all suspects in this annual, fun-filled Murder Mystery Week.
Located just 30 miles north of Honduras, the largest of the Bay islands, Roatan is a diver's dream.
Our destination, the Bay Island Beach Resort, sits on the shore for easy access to the famous Spooky Channel.
With unlimited use of kayaks, the natural aquarium snorkel trail and the Wild Cane Historic Village, activities abound for solo and non-divers, singles who love the sea, sun, adventure and meeting new friends!
Bay Island Beach Resort offers all the amenities seasoned travelers have come to expect from Singles Travel International.

Rates for this Roatan diving adventure from October 16-23, 2004 start at $1,000 plus airfare.*Just grab your passport and go!
Singles Dive into Adventure at Roatan Honduras during Murder Mystery Week
Airfare > Singles Dive into Adventure at Roatan Honduras during Murder Mystery Week

http://washington.tripotel.com - Luxury Washington D.C, Miami, and Orlando Hotel Room Booking

http://washington.tripotel.com forms part of an online hotel booking service, whose parent company's future plans include increasing its portfolio of hotels in the USA and expanding to other markets including South America and Asia. With a new feature rich hotel reservation and booking service now entirely online, clients looking to select either cheap Miami beach hotel rooms, discount Washington DC hotels or even a hotel in Orland FL can now find their search experience and production of results through the online reservation systems quicker than ever before.With a realistic objective to become a total one-stop reservation center, providing all travellers with increased and additional services that will include not only hotel accommodation but airfare tickets, car rental, and entertainment features, the experienced team behind http://washington.tripotel.com look...

http://washington.tripotel.com - Luxury Washington D.C, Miami, and Orlando Hotel Room Booking

Airfare > http://washington.tripotel.com - Luxury Washington D.C, Miami, and Orlando Hotel Room Booking

Avoid information overload when searching for airline tickets

No more information overload on travel!The importance of avoiding information overload when searching for the cheapest airline tickets online cannot be stressed enough theses days. This article will explain how you should take your time and do your research to be able to cherry pick your way through.What we Internet surfers don't seem to understand is that there are millions of travel sites out there claiming they have access to the lowest airfares. When its time to book your travel plans the first thing we think about is our budget (for those of us who have a budget). Most travelers don't want to pay more than they have to because they still need money when they get to where ever the destination is and the more the better..right!We all want the cheap flights that are enjoyable, not too many stops, with food and entertainment, frequent flyer miles, plenty of leg and elbow room...all for the lowest and cheapest price you can afford....now that would be perfect dude! Well dream on, unless...

Avoid information overload when searching for airline tickets

Airfare > Avoid information overload when searching for airline tickets

Singles Dive into Adventure at Roatan Honduras during Murder Mystery Week

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