Search Help


Enter one of more keywords to search. Use quotes for “exact phrase.” Note that '*' and '?' wildcards are supported.

When your search results appear, you can refine your search further: Sort for only results in which all search terms appear AND/OR sort by chronological order.

Article Date:
June 2013


Word Count:
885

 

 

Protect Your Tax Deductions for Business Entertainment Meals


Have you ever had to face these two conflicted tax laws?

 

1.

The law that denies your deductions for personal living expenses (food).1

2.

The law that allows meals as tax-deductible entertainment.2

Tax professionals know this conflict as the “Sutter rule” named after Dr. Sutter, who had a bad experience with the Tax Court.3 When the IRS and/or the courts invoke the Sutter rule, you lose your business meal deductions to the extent they don’t exceed your personal meal costs.

 

Example. Your Dutch treat meal deductions for business entertainment for the year are $12,000. ... Log in to view full article.

Log in to view full article
Already a subscriber?
 
Email Address

 
Password

Log In

You'll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter

Not yet a subscriber?
 
with a money-back guarantee



 

SS