What are the current rules about meal and entertainment deductions?
- October 22nd, 2019
- David Greene
- Comments Off on What are the current rules about meal and entertainment deductions?
The new tax law (TCJA) has made several changes in the deductibility of business meals and entertainment. Last week I addressed deductions for meals. This week I will discuss the deductibility of entertainment expenses. Even before the new tax law,…
What are the current rules about meal and entertainment deductions?
- October 16th, 2019
- David Greene
- Comments Off on What are the current rules about meal and entertainment deductions?
The new tax law (TCJA) has made several changes in the deductibility of business meals and entertainment. I will address deductions for meals this week and entertainment next week. If a meal is allowed as deductible, generally only 50% of…