How are a husband and wife going to get a tax deduction for a corporate board of directors meeting where they are the only participants? Does it make any difference if the meeting is at a local restaurant or an out-of-town resort? How does the IRS view this type of meeting? These are the questions answered in this article.

Heineman Case

Ben Heineman was the president and chief executive officer of Northwest Industries, Inc., during the years his tax returns were before the court. Northwest was a large conglomerate that had its principal offices in Chicago, Illinois, during those years.

Mr. Heineman admitted to the court that he did not wish to be in Chicago in the summer; accordingly, he built an office on his 60-acre vacation property in Sister Bay, Wisconsin, a resort area. This 20-by-20-foot ... Log in to view full article.