A bill to amend the Internal Revenue Code of 1954 with respect to the treatment of expenses of attending foreign conventions.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to revise the rules for the deductibility of expenses for attendance at a foreign convention. Requires a taxpayer, in order to deduct expenses incurred in attending any convention held outside the United States, to establish and substantiate that: (1) the purpose of the convention is directly related to the active conduct of his trade or business; (2) the time spent at the convention is primarily devoted to business-related activities; (3) such expense is not the cost of personal activities incidental to such convention; and (4) such expense is not lavish or extravagant under the circumstances. Defines, "foreign convention" as any convention, seminar or similar meeting held outside the United States.…