Question

My wife and I operate our business as an S corporation. We are thinking of having our stockholders’ meeting in Mexico and taking a cruise ship to and from the meeting destination. Will this trip be deductible?

Answer

Yes, but only after we make a couple of changes and add some clarity to this trip.

First, we want to change the reason for your trip from “stockholders’ meeting” to “directors’ and officers’ meeting.” As a stockholder, you are an investor, and since ... Log in to view full article.