My husband and I are in two different businesses. We often have dinner out. About one-third of the time when dining out, we discuss how to make our businesses work better and we share prospect and client names. May we deduct the cost of the dinners when we discuss business and/or trade referrals? (W.R., Orlando, Fla.)
No. The law gives you no support for such a deduction. Moreover, the law contains clear rules that work against you. ... Log in to view full article.