Thanks for this article. I feel like this subject never gets old as my clients seem to be spending more and more on meals each year. I’ve asked this in the past and have not found special rules for the film industry that provides catering/meals before,during, and after a shoot. Also, seeing more clients hosting large events for customers+employees. Thoughts?
Hey Tom - Thank you for this article. I've had a few clients in the past ask me about deducting alcoholic beverages as Meals. For example, if they meet a referral source for a drink (no food consumed), is this still an allowable 50% deduction as a Meal?
Thank you for this information everyday I learn more from your posts.
Thanks for this article. I feel like this subject never gets old as my clients seem to be spending more and more on meals each year. I’ve asked this in the past and have not found special rules for the film industry that provides catering/meals before,during, and after a shoot. Also, seeing more clients hosting large events for customers+employees. Thoughts?
You would apply the normal rules as above.
Hey Tom - Thank you for this article. I've had a few clients in the past ask me about deducting alcoholic beverages as Meals. For example, if they meet a referral source for a drink (no food consumed), is this still an allowable 50% deduction as a Meal?
Yes, it includes "food and beverages"