Elements to be
Substantiated |
For Travel Expenses
Away From Home |
For Entertainment
Expenses and
Business Meals
(Limited to 80%) |
For Gift Expenses |
For Listed Property
as Defined in
Section 280F(d)(4) |
|
AMOUNT
|
Amount of each separate expense for transportation,
lodging, and meals. Incidental expenses may be totaled
in reasonable categories, such as gas and oil, taxis,
daily meals for traveler, etc.
|
Amount of each separate expense. Incidental
expenses, such as taxis, telephones, etc., may be totaled
on a daily basis.
|
Cost of gift. |
(a)Expenditures. The amount of each separate expenditure with respect to an item of listed property, such as the cost of acquisition, the cost of capital improvements, lease payments, the cost of maintenance and repairs, or other expenditures; and,
(b)Uses. The amount of each business/investment use based on the appropriate measure (e.g., mileage for automobile use) and the total use of the listed property for the taxable period. |
|
TIME |
Date you left and returned for each trip, and number of days away from home spent on business. |
Date of entertainment or use of a facility for entertainment. For entertainment directly before or after a business discussion, the time spent discussing business. |
Date of gift. |
Date of the expenditure or use with respect to listed property. |
|
PLACE |
Name of city or other designation. |
Name and address or designation of place of entertainment, or place of use of a facility for entertainment. Type of entertainment if not otherwise apparent. Place where business discussion was held if entertainment is directly before or after a business discussion. |
Not applicable. |
Not applicable. |
|
BUSINESS PURPOSE
a written statement is generally required. |
Business reason for travel nature of business benefit gained or expected to be gained. |
Business reason or nature of business benefit gained or expected to be gained. Nature of business discussion or activity. |
Business reason for making the gift or nature of business benefit gained or expected to be gained. |
The business purpose for an expenditure or use with respect to any listed property. |
|
BUSINESS RELATIONSHIP |
Not applicable.
|
Occupations or other information- such
as names or other designations- about persons entertained
that shows their business relationship to you. If all
people entertained did not take part in business discussion,
identify those who did.
|
Occupation or other information- such
as name or other designation- about recipient that shows
business relationship to you.
|
Not applicable. |
