Taylor Begins a New Job as a Logistics Manager

question 81

Essay

Taylor begins a new job as a logistics manager. His company advises him that he may need to travel internationally on occasion, so he should obtain a passport. The company reimburses Taylor for the cost of the passport. Taylor uses the passport when he vacations in Europe later in the year. What tax issues should Taylor consider?

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Definitions:

Data Security

Measures and practices implemented to protect digital data from unauthorized access, corruption, or theft.

Collecting Judgments

The process of obtaining the money awarded by a court decision from the debtor.

Dissociation

The severance of the relationship between a partner and a partnership or between a member and a limited liability company.

Carrying On

Continuing to engage in a particular activity or conduct business.