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1:20 IRC 274(m)(3): Additional limitations on travel expense
4:21 What is a bona fide business purpose?
4:40 L. L. Moorman, 26 TC 666 (1956)
4:53 Sheldon v. Comm’r, TC Memo 1961-44
5:01 Fenstermaker v. Comm’r TC Memo 1978-210
5:18 Johnson v. Comm’r
5:29 Takeaways from these cases
5:59 Work activities Tax Court found necessary
6:03 Thorpe v. Comm’r, TC Memo 1998-115
6:15 U.S. v. Disney, 413 F.2d 783 (9th Cir. 1969)
6:40 Bank of Stockton v. Comm’r, TC Memo 1977-24
7:03 Takeaways from these cases
7:41 What would you need to do to safely deduct business travel expenses for a spouse or dependent?
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ABOUT JASMINE DILUCCI, JD, CPA, EA
Jasmine DiLucci has specialized in tax since high school when she first became licensed to represent taxpayers before the IRS.
Now as a tax attorney and CPA, she works with individuals and business owners across the nation to on Tax Planning, CFO Advisory, and IRS Tax Resolution
How Jasmine Got Here…
18: Became an Enrolled Agent, licensed to represent taxpayers before the IRS.
22: Earned an Accounting Degree and a Master’s in Finance.
23: Became a CPA
24: Stepped into leadership as she took over her own CPA firm
26-28: Juggled full-time studies at SMU Law while she was growing her CPA firm.
28: Graduated from law school 4th in her class and became an Attorney, all while managing her CPA firm.
29-31: Expanded her CPA firm to seven figures, with a focus on delivering top-notch service and exceptional value to every client.
32: Launched Tax Leverage to offer free online education and combat the rise of “tax gurus,” aiming to provide real, accessible tax knowledge.
Today: She’s dedicated to running her firm and leveraging her expertise to educate and empower others, helping individuals and businesses navigate the complexities of taxes and finance.
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Disclaimer: This information on this channel is for educational purposes only and does not constitute professional legal or tax advice.
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