be planned with a formal meeting scheduled on shore in order to
comply with current requirements for participation in professional
meetings, including any amendments made in the Tax Reform Act of
1986. The vessels will be used for transportation, hotel and restaurant.
It is recommended that each participant consult his or her attorney
or accountant for additional information concerning the tax effect
of seminar and conference attendance. A certificate of participation
indicating continuing education credits will be given to attended
after the conclusion of each seminar, as well as financial documentation
of course costs.
to consider, as reported in Delta Airlines SKY magazine of June
1992 are: "If you travel for business using a cruise ship as
your mode of transportation to your destination, you may deduct
up to twice the highest federal government per diem paid to government
employees traveling within the U.S. The highest federal per diem
is currently $174 per day, so you may deduct up to $348 per day
per person. For example, if you travel to the Virgin Islands on
a cruise ship to attend a business convention or seminar on the
islands, your transportation cost deduction is up to $348 per day.
Expenses for incentive trips that do not entail
business work are not deductible at hotels or for cruises. This,
CEI often incorporates professional training into the incentive
programs, gaining the most favorable tax treatment.
Planners will want to discuss deductibility issues
with their own professional counsel, but there are many factors
to consider when planning a conference cruise.
- The guaranteed, fixed cost of a cruise.
- The ease of administration - One call does it
- The level of service.
- Meeting rooms, audiovisual equipment and coffee
breaks are included in the cruise price.
- And the most important - the bottom line. When
the cost of operating your meeting / conference / incentive is
lower on a cruise - even with a tax deduction - what becomes more
important - the tax deduction or the bottom line? The bottom line,
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