X
07Mar

IRS Issues Favorable Taxpayer Guidance on Business Meal Deduction

Murtha Cullina | | Return|
The 2017 Tax Cuts and Jobs Act (the “TCJA”) eliminated the 50% deduction for any expenses related to business entertainment, amusement or recreation activities. On February 21, 2020, the IRS issued proposed regulations that address the elimination of...
By: Murtha Cullina
Source Url: https://www.jdsupra.com/legalnews/irs-issues-favorable-taxpayer-guidance-53048/

Related

“Buy American” (Again): New Executive Order Requires Changes (By 2020)

On July 15, 2019, President Trump signed an Executive Order requiring regulations implementing the B...

Read More >

Managing the Commercial Impact of the Coronavirus: Implications for Oil & Gas

...The coronavirus (provisionally named SARS-CoV-2, with its disease being named COVID-19) has now b...

Read More >

COVID-19: Distressed M&A in the Era of a Pandemic -- Part 1, Eyes Wide Open

INTRODUCTION - COVID-19 and the ensuing economic turmoil are continuing to adversely impact business...

Read More >

Tri-State Contractors Beware: Construction Is Not Equal In New York, New Jersey And Connecticut

Since first issuing declarations of emergency in early March, the Governors of New York, New Jersey ...

Read More >

NLRB Rules Independent Contractor Misclassification Does Not Violate NLRA

In a case of first impression, a divided panel of the National Labor Relations Board (NLRB or Board)...

Read More >

Plaintiff Strikes Out in Tort Suit Against River Cats Baseball

Seyfarth Synopsis: In a refreshing display of judicial restraint, the California Court of Appeal has...

Read More >