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    Jack rented a condo from his employer for a family ski trip where he paid $500 per week, saving $900 compared to market rates. Jack traveled to Cuba with his spouse for a business meeting, with his employer paying $5,000 for his expenses and $1,000 for his spouse's expenses. In 2022, Jack's employer paid $375 to prepare his taxes and provided $800 of retirement planning advice.

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    Jack rented a condo from his employer for a family ski trip where he paid $500 per week, saving $900 compared to market rates. Jack traveled to Cuba with his spouse for a business meeting, with his employer paying $5,000 for his expenses and $1,000 for his spouse's expenses. In 2022, Jack's employer paid $375 to prepare his taxes and provided $800 of retirement planning advice.

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    5 views1 page

    Notes

    Uploaded by

    a
    Jack rented a condo from his employer for a family ski trip where he paid $500 per week, saving $900 compared to market rates. Jack traveled to Cuba with his spouse for a business meeting, with his employer paying $5,000 for his expenses and $1,000 for his spouse's expenses. In 2022, Jack's employer paid $375 to prepare his taxes and provided $800 of retirement planning advice.

    Copyright:

    © All Rights Reserved
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    1.

    Jack and his spouse rented the company's condo in Colorado for two
    weeks during the winter ski season. They had to pay ABC $500 per week
    for accommodations that would otherwise have cost them $1,400 for the
    entire stay. Jack was not involved in any business activities during this
    trip.

    2. Jack’s spouse accompanied him on a business trip to Cuba, paid for by


    his employer. The main purpose of the trip was for Jack to work with a
    customer. His spouse performed no business function during the trip.
    They did not extend their trip to include a vacation. Jack’s expenditures
    of $5,000 were paid by ABC and were reasonable in relation to the
    business function. The portion of the travelling expenses related to Jack’s
    spouse was also paid by ABC and amounted to $1,000.

    3. In 2022, ABC paid for Jack to have his income 2022 tax return prepared
    by the company’s accountants at $375. ABC also made available in-
    house staff provide Jack with retirement planning advice valued at $800.

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