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Power of Deduction

Get your expenses in order.
December 1, 2001
URL: http://www.entrepreneur.com/article/46198

Now's the time to squeeze every possible tax deduction out of your travel expenses. Tax expert Robert Wilensky says paperwork is the key. "Keep records of all business travel expenses-written notes on receipts, any kind of log, appointment book or other record," says the Atlanta accountant. Other suggestions:

Wilensky says you should keep business and personal travel separate, but he has a perfectly legal way to parlay business trips into vacations: "Use your frequent-flier points for personal travel."


Christopher Elliott is a writer and commentator and the editor of www.elliott.org.