IRS Publication 463: Travel, Entertainment, Gift, And Car Expenses

Dictionary Says

Definition of 'IRS Publication 463: Travel, Entertainment, Gift, And Car Expenses'

A document published by the Internal Revenue Service that provides details on which business expenses may be deducted from individual or self-employment tax obligations. Deductions for travel, entertainment, gifts or transportation-related expenses are available for items considered to be ordinary (accepted as common in a particular business) and necessary (helpful or appropriate for a particular business).



Investopedia Says

Investopedia explains 'IRS Publication 463: Travel, Entertainment, Gift, And Car Expenses'

IRS Publication 463 is not for corporations, partnerships, trusts or employers who reimburse their employees for business expenses. The document is for employees who were not fully reimbursed for all business-related expenses.

Articles Of Interest

  1. The Beauty Of Budgeting

    Make it to the end of the month, before you run out of money.
  2. 7 Ways To Avoid Self-Employed Tax Penalties

    If you follow these methods for calculating estimated tax payments, you could minimize your chances of incurring penalties.
  3. Surviving On An Irregular Income

    Being self-employed provides freedom, but only if you learn to make your money last.
  4. Downsize Your Home To Downsize Expenses

    Learn how to cut your mortgage, tax, gas and utilities bills.
  5. Cut Your Tax Bill

    Paying your bills early or giving an extra donation now can help you come tax time.
  6. The U.S. National Spending And Debt

    We are looking at what could be the official year of the Federal Budget, or, more specifically, our debt and how we will manage it for many years to come.
  7. Femsa Is A Delicate Balance Between Growth Opportunities And Valuation

    Femsa's stock got a little too popular, but the long-term prospects are very good.
  8. Coty Readies IPO

    Fragrance maker Coty filed a registration statement amendment May 28 that sees it raising as much as $1.2 billion from its IPO. Coty tried to buy Avon for $10.7 billion in 2012 but was unsuccessful. ...
  9. 5 Best-Selling Cars Ever

    Here's a list of the best-selling cars of all time.
  10. Has Income Tax Become A Class Tax On The Poor?

    With more than 33% of American families falling close to the poverty line despite their adult members holding full-time employment, a rising number of citizens are being forced to pay a rate ...
comments powered by Disqus
Marketplace
Hot Definitions
  1. Xenocurrency

    A currency that trades in markets outside of its domestic borders.
  2. Wanton Disregard

    A standard of severe negligence. Wanton disregard is a very serious accusation that indicates that a person behaved extremely recklessly.
  3. Ultra ETF

    A class of exchange-traded funds (ETF) that employs leverage in an effort to achieve double the return of a set benchmark.
  4. Toehold Purchase

    A purchase of less than 5% of a target company's outstanding stockmade by an acquiring company. A toehold purchase of just under 5%, while not a significant stake in a firm, allows the shareholders a "toe-holds" grip on the company and its decision making.
  5. Samurai Bond

    A yen-denominated bond issued in Tokyo by a non-Japanese company and subject to Japanese regulations.
  6. Chartalism

    A non-mainstream theory of money that emphasizes the impact of government policies and activities on the value of money.
Trading Center
http://sp.fastclick.net/ad/tr/10858-64082-15546-0?mpt=002869c9c7f6825d4ff028438e91bf47