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1 Expanded meals and entertainment expense rules allow for
- Author: plantemoran.com
- Published: 04/24/2022
- Review: 4.83 (961 vote)
- Summary: · As part of the 2018 tax reform created by the Tax Cuts and Jobs Act (TCJA), Congress made several significant changes to the deductions for
- Source: https://www.plantemoran.com/explore-our-thinking/insight/2022/01/expanded-meals-and-entertainment-expense-rules-allow-increased-deductions
2 Costs of Business Meals Still Deductible According to IRS – BDO USA
- Author: bdo.com
- Published: 11/07/2021
- Review: 4.78 (521 vote)
- Summary: Welcomed guidance has been issued by the IRS that confirms businesses can generally continue to deduct 50 percent of the cost of business meals, including those
- Source: https://www.bdo.com/insights/tax/compensation-benefits/costs-of-business-meals-while-entertaining-custome
3 [PDF] Meal & Entertainment Changes Under Tax Reform – CBIZ
- Author: cbiz.com
- Published: 11/25/2021
- Review: 4.43 (434 vote)
- Summary: 2018 Expenses (New rules). Citation. Office Holiday Party or. Picnic. 100% deductible. 100% deductible. §§274(e)(4), 274(n)(2)(A). Client Business Meals
- Source: https://www.cbiz.com/LinkClick.aspx%3Ffileticket%3D4Ioctn_r8Ss%253D%26portalid%3D0
4 How Tax Reform Affects Business Meals & Entertainment Deductions
- Author: blog.taxact.com
- Published: 06/18/2022
- Review: 4.3 (442 vote)
- Summary: The answer to that question is two-fold. Business meals are generally still tax deductible up to 50 percent of the cost. As of 2018, however, you can no longer
- Source: https://blog.taxact.com/tax-reform-business-meals-and-entertainment-deductions/
5 Meals continue to be deductible under new IRS guidance
- Author: journalofaccountancy.com
- Published: 12/25/2021
- Review: 4.14 (545 vote)
- Summary: · The IRS on Wednesday issued guidance clarifying that taxpayers may generally continue to deduct 50% of the food and beverage expenses
- Source: https://www.journalofaccountancy.com/news/2018/oct/tax-deduction-meal-entertainment-expenses-201819848.html
6 IRS issues guidance on Tax Cuts and Jobs Act changes on
- Author: irs.gov
- Published: 01/02/2022
- Review: 3.97 (311 vote)
- Summary: Taxpayers may continue to deduct 50 percent of the cost of business meals if the taxpayer (or an employee of the taxpayer) is present and the food or beverages are not considered lavish or extravagant . The meals may be provided to a current or potential business customer, client, consultant or similar business contact
- Source: https://www.irs.gov/newsroom/irs-issues-guidance-on-tax-cuts-and-jobs-act-changes-on-business-expense-deductions-for-meals-entertainment
7 Meals and entertainment expenses for 2018 – Baker Tilly
- Author: bakertilly.com
- Published: 07/19/2022
- Review: 3.61 (591 vote)
- Summary: · Meals when traveling for business are considered 50 percent deductible and should be classified as: meals. Celebratory meals. Company activities
- Source: https://www.bakertilly.com/insights/meals-and-entertainment-expenses-for-2018
8 IRS Clarifies 50% Business Meal Deduction Under TCJA – Nolo
- Author: nolo.com
- Published: 11/12/2021
- Review: 3.51 (506 vote)
- Summary: “ordinary and necessary”; incurred in the course of your business, and; not lavish or extravagant under the circumstances. (IRS Notice 2018-76.) then
- Source: https://www.nolo.com/legal-updates/irs-clarifies-50-business-meal-deduction-under-tcja.html
9 IRS Issues Guidance for Business Meals and Entertainment
- Author: calt.iastate.edu
- Published: 09/30/2021
- Review: 3.36 (540 vote)
- Summary: · The proposed regulations generally apply the guidance in Notice 2018–76 to all food or beverages, including travel meals, employer-provided
- Source: https://www.calt.iastate.edu/blogpost/irs-issues-guidance-business-meals-and-entertainment
10 After Tax Reform, Do Business Meals Remain Deductible?
- Author: claconnect.com
- Published: 05/31/2022
- Review: 3.05 (323 vote)
- Summary: · In December 2017, Congress finally repealed the meals and entertainment deduction that had been scrutinized since the 1960s as an area of
- Source: https://www.claconnect.com/en/resources/articles/2018/after-tax-reform-do-business-meals-remain-deductible
11 Guidance on IRS Deduction for Business Meals and Entertainment
- Author: cdscpa.com
- Published: 05/08/2022
- Review: 2.92 (125 vote)
- Summary: In the IRS Notice 2018-76, it clarifies taxpayers may deduct 50 percent of an otherwise allowable business meal expense if all of the following conditions are
- Source: https://www.cdscpa.com/guidance-on-irs-deduction-for-business-meals/
12 How the Tax Act Affects Your 2018 Meals & Entertainment Deductions
- Author: indinero.com
- Published: 08/24/2021
- Review: 2.81 (191 vote)
- Summary: · Q: Which percentage of business meals is tax deductible? … A: You can write off the meals you purchase for your team (people who are employed by
- Source: https://www.indinero.com/blog/2018-tax-act-meals-entertainment
13 Meals & Entertainment Under the New Tax Law – What Can I Deduct?
- Author: schgroup.com
- Published: 06/13/2022
- Review: 2.71 (171 vote)
- Summary: · Business meals (50% deductible), · De minimis meals provided to employees for the convenience of the employer (50%deductible), · Entertainment (
- Source: https://www.schgroup.com/resource/blog-post/meals-entertainment-under-the-new-tax-law-what-can-i-deduct/
14 2018 Meals and Entertainment Deduction Guidance for 2019
- Author: lorman.com
- Published: 06/11/2022
- Review: 2.59 (80 vote)
- Summary: · Generally speaking, entertainment expenses are now widely nondeductible and the bulk of meals remain fifty percent deductible. Wording and
- Source: https://www.lorman.com/resources/2018-meals-and-entertainment-deduction-guidance-for-2019-17386
15 The business meal expense deduction after the TCJA
- Author: thetaxadviser.com
- Published: 07/03/2022
- Review: 2.57 (105 vote)
- Summary: · To address the uncertainty in this area, the IRS has provided interim guidance. Under Notice 2018-76, taxpayers generally may deduct 50% of
- Source: https://www.thetaxadviser.com/issues/2020/jan/business-meal-expense-deduction-tcja.html
16 The IRS provides guidance on meal and entertainment deductions
- Author: elliottdavis.com
- Published: 06/24/2022
- Review: 2.3 (141 vote)
- Summary: The proposed regs generally follow the lead of the 2018 guidance on the deductibility of business meal expenses, but also incorporate other statutory
- Source: https://www.elliottdavis.com/tax-alert-irs-provides-guidance-meal-entertainment-deductions/
17 New Limitations on Meal and Entertainment Expenses – Moss Adams
- Author: mossadams.com
- Published: 11/09/2021
- Review: 2.38 (194 vote)
- Summary: · A 50% deduction is allowed for meals with people related to a business—such as clients, customers, and vendors—as long as the following criteria
- Source: https://www.mossadams.com/articles/2019/january/limitations-on-meal-and-entertainment-expenses
18 Business Meals Tax Deduction Updates And The Impact On
- Author: forbes.com
- Published: 06/19/2022
- Review: 2.11 (150 vote)
- Summary: · The IRS announced in Notice 2018-76, 2018-42 IRB 599, that business meals are still deductible as long as the expense is ordinary and
- Source: https://www.forbes.com/sites/taxnotes/2020/10/20/business-meals-tax-deduction-updates-and-the-impact-on-restaurants/