About this episode

Mike and Kevin discuss how to navigate business travel deductions in the tax code.

In this episode Mike and Kevin walk through one of the most misunderstood lines in the tax code: business travel. Using real trips from their own year, a due diligence seminar in Cancún, a partner retreat in Colorado, and a scouting trip for a short-term rental in Maine, they break down exactly what makes travel ordinary and necessary, where the line is between managing a business and merely dreaming about one, and how much of your next trip the IRS actually ends up paying for. Get in touch → https://www.revotaxpayer.com/consultation?utm_medium=podcast Connect With Us Website: https://www.revotaxpayer.com/ Facebook: https://www.facebook.com/revotaxpayer/ Instagram: https://www.instagram.com/revotaxpayer/ LinkedIn: https://www.linkedin.com/company/revo-taxpayer-advocacy YouTube: https://www.youtube.com/@HiddenMoneyPodcast Chapters [00:00] Introduction [00:01] The Cancún trip [00:04] The partner retreat [00:07] Managing rental property [00:08] Expanding a short-term rental business [00:09] The line that matters [00:10] Where the IRS looks hardest [00:12] How much the IRS actually "pays" for your trip [00:13] Vehicles count too [00:14] Legal, legitimate, and a form of good stewardship

People in this episode

Hosts: Mike Pine, Kevin Schneider

Topics covered

• business travel
• tax code
• IRS
• ordinary and necessary expenses
• short-term rental
• travel deductions

Keywords

• business travel
• tax deductions
• IRS travel expenses
• ordinary and necessary
• short-term rental

Mentioned in this episode

Organizations: Revo Taxpayer Advocacy

Places: Cancún, Colorado, Maine

More episodes of Hidden Money Podcast

• Tax and AI · July 21, 2026 · 34 min
• What I Would Tell My Young Investor Self 10 Years Ago · July 14, 2026 · 34 min
• Tax Planning and Tax Preparation: What's the Difference? · June 30, 2026 · 24 min
• Tax savings does not always mean a refund · June 23, 2026 · 20 min
• Big Wins · June 16, 2026 · 27 min

Explore listener stats, chart rankings, contacts and more on the Hidden Money Podcast podcast page.