1099 and CME

[SeekerOfTheTree]

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What's the most that one can reasonably deduct for a CME out of their total income? I haven't seen a clear cut answer on this and have done 1099 for awhile. If you made 80 k in IC could deduct 10k CME if you took a CME in Norway with the Norway volleyball team?

 

[RustedFox]

What's the most that one can reasonably deduct for a CME out of their total income? I haven't seen a clear cut answer on this and have done 1099 for awhile. If you made 80 k in IC could deduct 10k CME if you took a CME in Norway with the Norway volleyball team?

Yes.

 

[SeekerOfTheTree]

Yes.

It's good to see your post. Thanks RustedFox, hope you found some way out of EM.

 

[RustedFox]

It's good to see your post. Thanks RustedFox, hope you found some way out of EM.

That was actually a legit answer:

There's no limit AFAIK. If you can justify 10k on expenses, then rock on with your bad self.

 

[SeekerOfTheTree]

That was actually a legit answer:

There's no limit AFAIK. If you can justify 10k on expenses, then rock on with your bad self.

Thank man!

 

[RustedFox]

Thank man!

And if you hang with the Norwegian V.ball team, do take pics and show me.

 

[thegenius]

What's the most that one can reasonably deduct for a CME out of their total income? I haven't seen a clear cut answer on this and have done 1099 for awhile. If you made 80 k in IC could deduct 10k CME if you took a CME in Norway with the Norway volleyball team?

If you show the receipts

 

[Saddleshoes]

What's the most that one can reasonably deduct for a CME out of their total income? I haven't seen a clear cut answer on this and have done 1099 for awhile. If you made 80 k in IC could deduct 10k CME if you took a CME in Norway with the Norway volleyball team?

I Did!!!!
IF you do, look for the gal with the "Love is Hell" tattoo on her left arm.
IF you find her tell her that Saddle says "Hey!".

 

[DocEspana]

What's the most that one can reasonably deduct for a CME out of their total income? I haven't seen a clear cut answer on this and have done 1099 for awhile. If you made 80 k in IC could deduct 10k CME if you took a CME in Norway with the Norway volleyball team?

In the words of my accountant: "If you're being honest, the amount you can deduct is limitless as long as its doing things that are truly part-in-parcel of a deductible activity. And if you're not being honest, you can deduct however much would not count as being greedy and raise eyebrows... but we can always just shift almost anything around and call some stuff entertainment instead of recruiting or food."

 

[MechEDoc]

In the words of my accountant: "If you're being honest, the amount you can deduct is limitless as long as its doing things that are truly part-in-parcel of a deductible activity. And if you're not being honest, you can deduct however much would not count as being greedy and raise eyebrows... but we can always just shift almost anything around and call some stuff entertainment instead of recruiting or food."

Pigs get fat, hogs get slaughtered...