Please review legal memo from 2016 cruise as reference:
The purpose of this communication is to provide a general overview of the federal income tax deduction rules relative to expenditures for continuing legal education (“CLE”) events conducted on cruise ships at sea.
This communication is based upon the current state of the tax law, and in all respects, is subject to, and may be limited by, future legislation, as well as by developing case law and Internal Revenue Service rulings, decisions, and pronouncements. This communication is not intended to provide any conclusion as to whether expenditures for the Summit (defined below), including, but not limited to, registration fees, the cruise fees, the travel costs, or the miscellaneous costs, are income tax deductible to National Association of Consumer Bankruptcy Attorneys (“NACBA”) members who attend the Summit.
NACBA does not provide tax, legal, or accounting advice to its members or to anyone. The material contained in this communication has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. The reader of this material should consult their own tax, legal, and accounting advisors before engaging in any transaction or in taking any position on any tax return relative to expenditures incurred for the Summit or for any matter.