Class is from 8:00 am to 1:00 pm for each of 5 days – July 15th – 17th + 20th & 21th (the weekend of July 18th & 19th will be 100% personal time that is treated as a business time for tax purposes).
Spend the rest of each weekday and the entire weekend in Old San Juan, at the beach, in El Yunque Rainforest, at Condado restaurants & night clubs, etc.….and write off your vacation.
How does the write-off work? Any day that more than 4 hours & 1 minute are spent on business is a “business day” for tax purposes. When a trip has more business days than personal days can write off “getting there” (flight, etc.). You can also write off a hotel room and (your) meals on each business day. We are having 5 hours of class each day, so each class day is a business day. But the class ends early so you can make the most of the local attractions.
In addition: There will be no classes on the weekend – but those days are still treated as “business days” for tax purposes, so hotels & meals can still be written off for those days. Specifically, the tax law allows one to treat weekend days as “business” days if it is cheaper to stay at the destination than it is to fly home and back again for Monday classes (and it is) – even though no time is actually spent on business. And yes, I planned the class days to get exactly that result!
The Trip-to-Puerto Rico Write Off:
- Spend up to 13 days in Puerto Rico and write off the cost of getting there (for those who attend the conference and are part of the business paying for the trip).
- The hotel room can be written off on business days. Separate rooms for kids cannot be written off. (unless they work in the business & attend)
- Your meals can be deducted, the kids’ meals cannot. (unless they work in the business & attend)
- If you are going to learn about SDIRA investing, taxes & asset protection might as well make a fun, deductible vacation out of it!