Myrtle is a real estate developer who lives in Maui. Myrtle is a single Mom with her 19-year-old daughter Amanda.

Myrtle is a real estate developer who lives in Maui. Myrtle is a single Mom with her 19-year-old daughter Amanda.

Question:

Myrtle is a real estate developer who lives in Maui. Myrtle is a single Mom with her 19-year-old daughter Amanda. Myrtle went on a business trip to Vietnam to negotiate on partnership to build an office tower there. She was on business there for 7 days and spent 3 days (the intervening weekend and following Monday holiday) to sight-see. Myrtle brought her daughter Amanda on the trip. Amanda created a PowerPoint presentation to assist Myrtle with potential investors. Myrtle paid for two first-class tickets, costing $4,000 each. The four-star hotel was $200 per night. Myrtle could have saved money because an economy class ticket would cost $1,000 and a two-star hotel would cost $100 per night.

 
1. Summarize the relevant Code and Regs. in two paragraphs.
part A: Write 2 travel issues, each from a different code section.
part B: Discuss and Apply the Code and Regs in two paragraphs.

Expert Answer:

Answer rating: 100% (QA)

Part A Two travel issues each from a different code section 1 Deductibility of Business Travel Expenses Code Section 162 The first travel issue relate
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