Article Date:
December 2008

Word Count:



Birthday Party Prospecting


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


As a financial advisor, I had an ulterior motive when I had a birthday party for my oldest daughter. I invited my daughter’s friends and their parents. My intentions were to get to know the parents and hopefully help them with their needs for financial services. Is any of this deductible? (K.W., Fremont, Calif.)


No! To deduct the expenses of ... Log in to view full article.

Log in to view full article

Already a subscriber?

Email Address


Log In Send me my password

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