What can I deduct for business entertainment?

There are various conditions and limits for deductions for business and entertainment.

  • Generally, there should be a business discussion before, during, and after the entertainment.

  • Generally, deduction for entertainment and meals is limited to 50 percent of the cost.

  • There are further limitations for club dues, entertainment facilities and skyboxes.

  • Spouses of business associates, and your own spouse, can be included in the entertainment in settings where spouse attendance is customary.
  • 0 Usuários acharam útil
Esta resposta lhe foi útil?

Artigos Relacionados

Can I deduct the cost of meals on days I call on customers or clients away from my office?

Generally not. Usually, you can only deduct costs of meals when you're away from home overnight,...

Must I report employer reimbursements for travel, entertainment and meals?

It depends. If you give your employer a detailed expense accounting, return any excess...

What are the limits on deductible travel, entertainment and meals costs?

There are no dollar limits. Expenses must be "ordinary and necessary" (meaning appropriate and...

Can I deduct living expenses on temporary assignment away from the area where I live and work?

Yes. Living expenses at the temporary work site are away from home travel expenses. An...

What expenses can I deduct while traveling away from home?

A wide range of expenses can be deducted while traveling away from home. Here are the main ones:...