Search Help

Enter one of more keywords to search. Use quotes for “exact phrase.” Note that '*' and '?' wildcards are supported.

When your search results appear, you can refine your search further: Sort for only results in which all search terms appear AND/OR sort by chronological order.

Article Date:
January 2012

Word Count:



New IRS Ruling Improves Tax Deductions for Business Travel to Panama

For tax-deduction purposes, Panama is now part of the tax-defined and tax-favored North American area.1


That’s good. Tax law no longer applies that difficult foreign-travel reasonable test to conventions, seminars, and similar meetings held in Panama.2


Example. Your study group decides to hold a tax-deductible business meeting in Panama. No special IRS rules apply as to the business reason for the meeting, such as those that would apply to a meeting in Paris as discussed in the article titled “Deduct That Convention ... Log in to view full article.

Already a subscriber?
Email Address

You’ll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter
Not yet a subscriber?
with a money-back guarantee

Powered by Cranium Softworks - CMS, Subscription Mgmt & Web Development