Friday, November 6, 2009

Can I write-off or get tax credit for my trip to South America to learn Spanish?

You could probably write it off if you have a company that is paying for it. But that company would have to generate income to write the trip off against, and the trip would have to be company related.

Can I write-off or get tax credit for my trip to South America to learn Spanish?
Um...no. Unless you enrolled and paid tuition while you were there.
Reply:First of all you would need an income that relates to the need to speak Spanish. If you have a business that does work in South American countries that would be a good example. You should think about the question of why you could not do the same thing here without the travel. The IRS will be looking to verify that this is not just a pleasure trip with a Spanish lesson. If you do take this deduction you should plan on a visit from the IRS and have a prepared explanation.
Reply:Maybe, if you're already a Spanish teacher and were trying to improve your Spanish, or chaperoning a group of students.
Reply:No, sorry.
Reply:NOPE!


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