The adventures & musings of an Enrolled Agent representing clients in Tax Controversy cases at the Neighborhood Christian legal clinic - Low Income Taxpayer Clinic.

Indianapolis, Indiana

The Business Expense Deduction for Meals and Entertainment Has Changed

The Business Expense Deduction for Meals and Entertainment Has Changed

The Internal Revenue Service has issued guidance on the business expense deduction for meals and entertainment following law changes in the Tax Cuts and Jobs Act (TCJA). The 2017 TCJA eliminated the deduction for any expenses related to activities generally considered entertainment, amusement or recreation. Taxpayers may continue to deduct 50 percent of the costRead more about The Business Expense Deduction for Meals and Entertainment Has Changed[…]