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Travel expenses for a potential donor
September 10, 2024
Q. I work for a university foundation. A development officer wants to pay for a potential donor to fly into town and stay in a hotel, meals, etc. Would this be taxable to the potential donor? I stated we would need to decide if this would qualify as a reasonable expense. Is it considered a qualified, accountable plan, business expense? Our Controller asked me for any IRS Guidance. I did look at Pub 463. A few examples of non-employee travel would be: guest speakers, job candidates, volunteers.…
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