If you operate a business and you travel to a business location where you spend the night, you are in travel status. But will the tax rules make this a business or a personal night?
The rules also affect your costs during the day. When you have an overnight business travel day, you generally deduct your costs of sustaining life for the day, such as breakfast, lunch, dinner, snacks, drinks, lodging, and taxis.
Business days also are important in determining how much of your travel cost you may deduct. For example, on a ... Log in to view full article.