Article Date:
April 2013


Word Count:
886

 

 

Know Two Major Rules for Tax-Deductible Business Entertainment


Your tax-deductible business entertainment takes place in one of two places:

 

1.

Business setting

2.

Non-business setting

 

Business Setting

 

Although the “quiet business meal” is no longer deductible, the rules for that tax-deductible meal set a good stage for what is a business setting.1 (The quiet business meal had no requirement that you discuss business to obtain the business meal deduction—sadly this rule is now gone.)

 

Thus, a business setting is a setting that is conducive to a business discussion and that does not have substantial distractions to that discussion. Settings that are conducive to business ... Log in to view full article.

Log in to view full article
Already a subscriber?
 
Email Address

 
Password

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