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.

Log in to view full article

Already a subscriber?

Email Address


Log In Send me my password

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