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  • November 01
  • Posted By: Magda Abdo-Gomez
  • Posted In: Tax Deductions , Tax Laws - Changes
  • Date: November 1, 2018
    • 0
    • 1310

IRS Issues Guidance on Meal and Entertainment Expenses

My February 2018 newsletter explained that the 2017 Tax Act repealed the entertainment deduction as a business expense. The Act, however, did not change the deductibility of 50% of the cost of meals incurred in a trade or business. For additional details see https://magdaabdogomezlaw.com/entertainme...
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