Monica, a self-employed taxpayer, travels from her office in Boston to Lisbon, Portugal, on business. Her absence of 13 days was spent as follows: Thursday Depart for and arrive in Lisbon Friday Business transacted Saturday and Sunday Vacationing Monday through Friday Business transacted Saturday and Sunday Vacationing Monday Business transacted Tuesday Depart Lisbon and return to office in Boston a. For tax purposes, how many days has Monica spent on business? fill in the blank ff3ca702cfdf052_1 days b. What difference does it make? If Monica's trip satisfies the seven day/thirteen day test or the less-than-25/more-than-25 % test, then her transportation costs do not have to/must be allocated between business and personal. c. Could Monica have spent more time than she did vacationing on the trip without loss of existing tax benefits? Monica can/cannot satisfy the seven-day/thirteen-day/less-than-25%/more-than-25% test. Under the seven-day/thirteen-day/less-than-25%/more-than-25% test, she could have vacationed for fill in the blank 0aad25081011073_4 more days assuming that the days did not interfere with the preceding and succeeding days provision.
Monica, a self-employed taxpayer, travels from her office in Boston to Lisbon, Portugal, on business. Her absence of 13 days was spent as follows:
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a. For tax purposes, how many days has Monica spent on business?
fill in the blank ff3ca702cfdf052_1 days
b. What difference does it make?
If Monica's trip satisfies the seven day/thirteen day
test or the less-than-25/more-than-25
% test, then her transportation costs do not have to/must
be allocated between business and personal.
c. Could Monica have spent more time than she did vacationing on the trip without loss of existing tax benefits?
Monica can/cannot
satisfy the seven-day/thirteen-day/less-than-25%/more-than-25%
test. Under the seven-day/thirteen-day/less-than-25%/more-than-25%
test, she could have vacationed for fill in the blank 0aad25081011073_4 more days assuming that the days did not interfere with the preceding and succeeding days provision.
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