Travel status requires that the taxpayer be away from home overnight
a. What does "away from home overnight" mean?
b. What tax advantages result from being in travel status?
a.
"Home" for this purpose is the place of taxpayer's principal employment. "Overnight" need not be a 24-hour period, but it must be a time duration substantially longer than an ordinary day's work such as to require rest or sleep.
b.
If "travel status" exists, many otherwise nondeductible expenses (e.g., meals, lodging, transportation) become deductible.
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Indicate whether the statement is true or false
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