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Make Sure You Understand TCJA Rules Before Deducting Business Meals

By |November 15th, 2019|Business Expenses|

In October 2018, the Internal Revenue Service (IRS) released information about changes to business meal expenses that it passed under the Tax Change and Job Act (TCJA) of 2017. The TCJA effectively eliminated the ability for businesses and individuals to deduct expenses related to entertainment. This includes such things as sporting events and theater productions. [...]

Make Sure to Deduct the Cost of Business Meals Correctly on Your Tax Return

By |September 13th, 2019|Business Expenses|

Even though the Internal Revenue Service (IRS) changed the law regarding the deduction of business meals almost one year ago, some people still feel confused about what they can and cannot deduct. According to the IRS's own publication, the Tax Cuts and Job Act (TCJA) of 2017 eliminated the opportunity for taxpayers to deduct expenses [...]

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