meal and entertainment expenses – The Burns Firm – Advisors of Complex Financial Matters

IRS Issues New Regs on Deducting Meal and Entertainment Expenses

March 26th, 2020|Categories: Accounting, Burns Firm, Business, Buying a Business, C Corporation, Litigation Services, Merger & Acquisition, Partnership, Sell Business, Selling a Business, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, TCJA|Tags: CPA Dallas, how much can I deduct for client meals and entertainment, meal and entertainment expenses, meals and entertainment deductions, tax deductions, tax deductions for entertaining clients, The Burns Firm|

The Tax Cuts and Jobs Act (TCJA) permanently eliminated deductions for most business-related entertainment expenses paid or incurred after 2017. For example, you can no longer deduct 50% of the cost [...]