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Article Date:
May 2016


Word Count:
228

 

 

Q&A: Dutch-Treat Business Meals


 

Editor’s Update: Directly-related entertainment is deductible prior to January 1, 2018. See Tax Reform Wipes Out 50 Percent Business Entertainment Deductions.

 

Question

 

I went to my accountant, and he told me my meals are not deductible. He said that I can deduct the client meals only.

 

I have about two (documented) business meals a week during which I do one of the three following things:

 

1.

Show homes to clients for their possible purchase

2.

Ask for referrals

3.

Question prospects about what type of home they are looking for

 

I thought when I paid the tab for the cost of breakfast, lunch, or coffee—which included the client or prospect and me—that I could deduct the full cost, not just the client’s or prospect’s cost. Am I right that I can? ... Log in to view full article.

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