The Panama Blog

Panama Travel and Living

  • Panama Travel
    • Panama Travel Guide
    • Panama Tours
    • Panama Hotels
    • Panama City Travel
    • Bocas Del Toro Travel
    • Boquete Travel
  • Living In Panama
    • Bocas Del Toro Living
    • Boquete Living
    • Casco Viejo
    • Chiriqui Living
    • Moving To Panama
    • Panama City Living
    • Panama Real Estate
    • Retire In Panama
    • Teaching English in Panama
  • Things To Do In Panama
    • Panama Beaches
    • Panama Dining and Restaurants
    • Panama Nightlife and Entertainment
    • Panama Sports And Outdoors
    • Panama Surfing
    • Shopping In Panama

IRS travel rules: Panama included in North America

03/19/2012 By Panama Eric

Make Figali Convention Center your next stop for your groups convention.  Mas Cheverre!
Make Figali Convention Center your next stop for your groups convention. Mas Cheverre!

There’s travel and then there’s travel. If em­­ployees attend a business convention in Europe, for example, you can’t reimburse their business expenses on a tax-free basis unless they demonstrate that the convention’s location satisfies heightened standards of reasonableness.

Employees who attend business conventions in North America, on the other hand, need only establish the familiar elements of the accountable plan rules for their reimbursements to be tax-free: they must document the time, place and business purpose of their trips, and submit receipts. For this purpose, North America now in­­cludes Panama. (Rev. Rul. 2011-26, IRB 2011-48)

This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/29625/irs-travel-rules-panama-canal-here-we-come

Filed Under: Panama Travel Tagged With: Panama Travel

  • Home
  • About
  • Contact
  • Privacy Policy