Posts Tagged ‘Meals and Entertainment Deductions’
Should Entertainment Expenses Be Fully Disallowed?
Although companies are no longer eligible to deduct business entertainment expenses like baseball tickets and golf outings, Notice 2018-76 was released and provides guidance that allows companies to partially deduct the meals incurred at entertainment events. It used to be ok to lump together things like games and dinners as “meals and entertainment” expenses because…
Read MoreBallgames, Dinners and Tax Reform: The New Meals and Entertainment Deductions
Say goodbye to tax deductions for business entertainment expenses like baseball tickets and golf outings. It used to be OK to lump together things like games and dinners as “meals and entertainment” expenses because all those things were generally 50% deductible. But recent federal tax reform has changed that, though standalone business meals may remain…
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