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  • Johnika

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Cuba live aboard tax deductibility

by Johnika on December 30, 2022

Going on a live aboard in Cuba and they offer a tax deductibility letter for helping the ocean conservation group for up to a certain amount. 

1) feedback if people have used this and how it went...?

2) advice on how to deal with expenses beyond the letter's allotted amount (granted I've only thus far seen an "example letter")...

2a) what did your CPA/tax Atty call this category of expenses? 

2b) are the expenses legally limited by the letter? It says $500 for airfare but you live in Oregon and have to fly to Miami and THEN to Cuba so your flight costs are well beyond $500...??

3) any advice, experience, suggestions I'm not specifically naming... please and thanks!

Read More...

Cuba live aboard tax deductibility

by Johnika on December 30, 2022

Going on a live aboard in Cuba and they offer a tax deductibility letter for helping the ocean conservation group for up to a certain amount. 

1) feedback if people have used this and how it went...?

2) advice on how to deal with expenses beyond the letter's allotted amount (granted I've only thus far seen an "example letter")...

2a) what did your CPA/tax Atty call this category of expenses? 

2b) are the expenses legally limited by the letter? It says $500 for airfare but you live in Oregon and have to fly to Miami and THEN to Cuba so your flight costs are well beyond $500...??

3) any advice, experience, suggestions I'm not specifically naming... please and thanks!

Read More...

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