IRS Publication 463, Travel, Entertainment, Gift, and Car Expenses

Contents

Publication 463 - Introductory Material

Important Changes
Important Reminders
Introduction
Useful Items

Chapter 1. Travel

Traveling Away From Home

Travel to Family Home
Tax Home

Temporary Assignment or Job
What Travel Expenses Are Deductible?

Meals
Travel in the United States
Travel Outside the United States
Luxury Water Travel
Conventions
Table 1. Travel Expenses You Can Deduct

Chapter 2. Entertainment

What Entertainment Expenses Are Deductible?

Directly-Related Test
Associated Test

50% Limit

Exceptions to the 50% Limit

Table 2. When Are Entertainment Expenses Deductible?
Figure A. Does the 50% limit apply to Your Expenses?

Chapter 3. Gifts

Chapter 4. Transportation

Car Expenses

Standard Mileage Rate
Actual Car Expenses
Leasing a Car

Disposition of a Car
Table 3. 2001 MACRS Depreciation Chart
Figure B. When Are Local Transportation Expenses Deductible?

Chapter 5. Recordkeeping

How To Prove Expenses

What Are Adequate Records?
What If I Have Incomplete Records?
Separating and Combining Expenses
How Long To Keep Records and Receipts
Examples of Records

Table 4. How To Prove Certain Business Expenses

Chapter 6. How To Report

Where To Report

Statutory Employees
Vehicle Provided by Your Employer

Reimbursements

Accountable Plans
Nonaccountable Plans
Rules for Independent Contractors and Clients

Completing Forms 2106 and 2106-EZ

Special Rules
Illustrated Examples

Table 5. Reporting Travel, Entertainment, Gift and Car Expenses and Reimbursements
Table 6. Daily Business Mileage and Expense Log
Table 7. Weekly Traveling Expense and Entertainment Record

Chapter 7. How To Get Tax Help

Appendices

Appendix A-1. Inclusion Amounts for Cars First Leased in 1993 through 1997
Appendix A-2. Inclusion Amounts for Cars First leased in 1998
Appendix A-3. Inclusion Amounts for Cars (Other Than Electric Cars) First leased in 1999
Appendix A-4. Inclusion Amounts for Cars (Other Than Electric Cars) First leased in 2000
Appendix A-5. Inclusion Amounts for Cars (Other Than Electric Cars) First leased in 2001
Appendix A-6. Inclusion Amounts for Cars (Other Than Electric Cars) First Leased in 2002
Appendix A-7. Inclusion Amounts for Cars (Other Than Electric Cars) First leased in 2003
Appendix B-1. Inclusion Amounts for Trucks and Vans First Leased in 2003
Appendix C-1 and C-2. Electric Leases 1997-1998
Appendix C-3 and C-4. Inclusion Amounts for Electric Cars First leased in 1999-2000
Appendix C-5 and C-6. Inclusion Amounts for Electric Cars First leased in 2001-2002
Appendix C-7. Inclusion Amounts for Electric Cars First leased in 2003

Index

Information courtesy of the Internal Revenue Service.