Article Date:
December 2008


Word Count:
506

 

 

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.)

 

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