travel expense
An expense (such as for meals, lodging, and transportation) incurred while away from home in the pursuit of a trade or business. See TAX HOME. [Cases: Internal Revenue 3339. C.J.S. Internal Revenue §§ 156, 163, 176, 183, 204.]
Search Results for: travel expense
tax home
tax home. A taxpayer’s principal business location, post, or station. • Travel expenses are tax-deductible only if the taxpayer is traveling away from home. [Cases: Internal Revenue 3343.]
mileage
mileage. 1. The distance in miles between two points. 2. The distance a vehicle has traveled as reflected by an odometer. 3. An allowance paid for travel expenses, as of a witness or public employee. [Cases: Witnesses 29. C.J.S. Witnesses §§ 76, 82, 84.]
cohan rule
Cohan rule (koh-han).Tax. A former rule that a taxpayer may approximate travel and entertainment expenses when no records exist if the taxpayer has taken all possible steps to provide documentation. • Since 1962, travel and entertainment expenses have been only partly deductible and must be carefully documented, but courts may apply the Cohan reasoning to
way
way. 1. A passage or path. 2. A right to travel over another’s property. See RIGHT-OF-WAY. [Cases: Easements 1. C.J.S. Easements §§ 2–8, 13–14, 21–22, 24, 53–55, 57–58, 89.] private way. 1. The right to pass over another’s land. [Cases: Easements 1. C.J.S. Easements §§ 2–8, 13–14, 21–22, 24, 53–55, 57–58, 89.] 2. A way