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Similar to a rental property, expenses associated with a vacation home must be allocated between rental and personal use.
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Do your research before you go and ballpark the costs of the dining and activity expenses that will make your vacation memorable.
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Remember that your money needs to cover expenses when you arrive at your vacation too.
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Simply put, a company won't be allowed to deduct any more in expenses than it reports as income to these vacation travelers.
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Separately, Italian prosecutors say they are investigating whether Franco Fiorito, the former party whip for People of Freedom in Lazio, used taxpayer funds to finance personal expenses for other regional councilors and to pay for his own island vacation.
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Perks that are commonly negotiated include vacation days, telecommuting, gym memberships, dry cleaning costs, child care, transportation expenses, professional society dues, education expense reimbursements, parking spots, projects, staff, and flextime.
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