Client can deduct incentive cruise if not ‘lavish or extravagant’

Travel Weekly By Mark Pestronk Q: I have been trying to sell my corporate client on the idea of offering a free cruise to its most valuable salespeople. However, the corporation’s in-house travel manager has repeatedly shot down the idea, saying that the trips would not be a tax-deductible business expense if they are on a foreign-flagged cruise ship. I … Read more