Problem: What is the tax treatment of travel expenses for the purpose of data collection paid by a tenured full professor?
Not sure what IRC this will relate to and need assistance getting started based on the following criteria.
Professor James obtained tenure and promotion to full professor status many years ago. Yet, he continues to publish research papers in scholarly journals to satisfy his own curiosity and to maintain his professional prestige and status within the academic community. Publications are also necessary in order for the Professor to receive pay raises at the university. This year, spent $3,400 was spent of his own funds to travel to collect some critical pieces of data.