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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/

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