Here’s the updated strategy: deduct your client and business meals as if tax reform never took place.
Wow. Is this aggressive? Not if
the IRS comes out with regulations that follow a model set by the American Institute of CPAs, or
the Joint Committee on Taxation in its explanation of the Tax Cuts and Jobs Acts (TCJA) states that client and business meals continue as deductions, or
lawmakers enact a new tax code section that authorizes client and business meal deductions.
How big is the “if” in the if? We have some insights in this article that should aid your comfort level, albeit ... Log in to view full article.