What’s the latest on business meal and entertainment expenses?
$225.00
Description
Abstract: The deductibility of business meals and entertainment for federal income tax purposes has received renewed attention in recent months. The IRS’s final regulations on the deductibility of such expenses under the Tax Cuts and Jobs Act and a provision in December 2020’s Consolidated Appropriations Act change the rules of the game. This short article delves into these complicated rules.
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