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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 · 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 recreation.

Deducting Business Meals - S Corp Business Deductions ...

    https://wcginc.com/kb/deducting-business-meals/
    Jun 18, 2021 · 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).Estimated Reading Time: 8 mins

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


When Can You Deduct Business Meals? Thompson Greenspon CPA

    https://www.tgccpa.com/2019/05/when-can-you-deduct-business-meals/
    May 24, 2019 · You can deduct 100% of the cost of both meals and entertainment, as long as an activity primarily benefits employees other than officers, owners or highly compensated employees. Meal and entertainment expenses directly related to certain business meetings of stockholders, directors or employees continue to be deductible.Estimated Reading Time: 5 mins

Deducting Meals as Business Expenses

    https://www.thebalancesmb.com/deducting-business-meals-and-entertainment-expenses-398956
    Apr 14, 2021 · Business meals are deductible business expenses, and most meals are deductible at 50%, but entertainment expenses are not deductible as a business tax expense. 2 The 50% limit applies to both your business and your employees, including meals as part of business travel or at business conventions or professional meetings. 3Estimated Reading Time: 8 mins

Business Meals Deduction for 2020: 100% Fully Deductible ...

    https://proconnect.intuit.com/taxprocenter/tax-law-and-news/business-meals-that-are-fully-deductible-yes-they-do-exist/
    Dec 02, 2020 · Therefore, meals can be deducted as a business expense if they are directly related or associated with the active conduct of a trade or business (with a valid purpose and documentation). Once this test is established, the expense falls into two categories: 50 percent deductible or 100 percent deductible.

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