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What is a Convention, and why is it important to document it correctly?

No opportunity for you to attend an organized convention by an association, group or franchise? Well, Now you can attend a your own small self-directed convention retreat. The IRS defines a convention as a group of meetings applied to an agenda that is specific to your business and all about your business. Now traveling away from the day-to-day activities of your business, for the betterment of the business, is possible and deductible.

According to IRS when you attend a convention if you can show that your attendance benefits your trade or business you can deduct it:

- Provide an agenda » or program that clearly shows the purpose or intent of the convention

- Record your attendance and discussion content to the convention on an agenda

- Show that your attendance benefits your trade or business

Agenda Builder

Agenda Builder Tool provides you with the ability to create your discussions for your meeting agenda. The agenda builder tool's reporting system ensures that you have the necessary documentation to support your convention travel expense claim.

Learn more about Convention deductions at the IRS - Link to IRS document IRS Publications and Notices (PDF) 463

Where can I attend a Convention?

American Samoa, Antigua & Barbuda, Aruba, Bahamas, Bermuda, Canada, Costa Rica, Dominica, Dominican Republic, Grenada, Guam, Guyana, Honduras, Howland Island, Jamaica, Jarvis Island, Johnston Island, Kingman Reef, Marshall Islands, Mexico, Micronesia, Midway Islands, Neterlands Antilles, Northen Mariana Islands, Palau, Palmrya Atoll, Puerto Rico, Trinidad and Tobago, USA, Us Virgin Islands, Wake Island.

Tax Advisors

Contact us for assistance in locating an advisor specific to your needs.

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