Test Your Tax IQ: Can You Deduct Dutch-Treat Entertainment?
Penny Pincher owns a beauty salon in Burbank. On Monday night, she treats a fellow salon owner, May Kover, to dinner and a Dodgers game. They talk business the entire night.
Monday night was so productive they decide to continue the conversation the next night over dinner and the Lakers. But this time they agree to “go Dutch” with each woman paying her own way.
Penny’s costs for business entertainment are
Deductible for Monday night because that’s the night when she ... Log in to view full article.
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