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IRS issues final regulations on the deduction for meals ...

    https://www.irs.gov/newsroom/irs-issues-final-regulations-on-the-deduction-for-meals-and-entertainment
    Sep 30, 2020 · IR-2020-225, September 30, 2020. WASHINGTON — The Internal Revenue Service issued final regulations on the business expense deduction for meals and entertainment following changes made by the Tax Cuts and Jobs Act (TCJA). The 2017 TCJA generally eliminated the deduction for any expenses related to activities generally considered entertainment, amusement or …

IRS says business meals are tax deductible

    https://www.microsoft.com/en-us/microsoft-365/business-insights-ideas/resources/irs-says-business-meals-tax-deductible
    Jan 01, 2018 · You can deduct 50 percent of meal and beverage costs as a business expense. This applies if the meals are “ordinary and necessary” and incurred in the course of business. You or an employee needs to be present at the meal. You must furnish the meal to current or potential customers, consultants, clients


Deducting Business Meals - S Corp Business Deductions ...

    https://wcginc.com/kb/deducting-business-meals/
    Jul 02, 2016 · You can deduct 100% of the meals you provide your employees if the meal is for the convenience of the employer, such as working lunches, and provided on the business premise. You can deduct 100% of the meals you provide related to employee recreation such as holiday parties and picnics (assumed to be off the business premise).

Know Which Business Meals Are Deductible Under New Tax Code

    https://www.forbes.com/sites/forbesfinancecouncil/2020/06/12/know-which-business-meals-are-deductible-under-new-tax-code/
    Jun 12, 2020 · Potentially 50% deductible meals — as of the February IRS update — appear to include office snacks or meals provided on an employer's premises for …

Business Expenses And The S Corporation - What You Really ...

    https://www.irs.gov/pub/irs-utl/06-Business%20Expenses%20and%20S%20Corp.pdf
    Business Expenses And The S Corporation - What You Really Need To Know! ... Benefits and Officer Compensation . 2 . S Corporation Expenses • Intro to S-Corps ... • Line 19: Other Deductions – Pub 535 –Startup and organizational –Meals and entertainment

Congress Makes Business Meals Temporarily 100% Deductible ...

    https://www.aprio.com/whatsnext/congress-makes-business-meals-temporarily-100-deductible/
    Currently, business meals are generally only 50% deductible and entertainment expenses are fully disallowed for tax purposes. The latest emergency coronavirus relief package, the Consolidated Appropriations Act of 2020 (CAA) passed on December 21, 2020 reverses some of the TCJA M&E changes and provides a temporary full deduction of certain business meals.

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