07Mar
IRS Issues Favorable Taxpayer Guidance on Business Meal Deduction
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
When outside forces pose a threat to people’s livelihood, people will go to great lengths to fight ...
Read More >
At long last, the Department of Labor (DOL) has issued an update to its safe harbor rules governing ...
Read More >
The Alberta government introduced Bill 21: Ensuring Fiscal Sustainability Act, 2019 on October 28, 2...
Read More >
Imagine, an employee in your organization advises that they need to take leave pursuant to the Famil...
Read More >
If you are a sports fan, then you might consider the regulatory agenda of the U.S. Department of Lab...
Read More >
Coronavirus, whose formal name is COVID-19, has been the subject of much media attention since the f...
Read More >