income tax: Meals & Entertainment Expenses in KENDALL, MIAMI-DADE, FLORIDA— - 12/08/18 10:03 AM
 
Realtors have been known to take a client to lunch or to a baseball or football game and then deduct the expense as a meal and entertainment expense. This has changed. The IRS has finally issued guidance on the business expense deduction for meals and entertainment following law changes in the Tax Cuts and Jobs Act (TCJA) passed by Congress.
Prior to 2018, a business could deduct up to 50 percent of entertainment expenses,(base ball game or show), directly related to the active conduct of a trade or business or, if the expense happened immediately before or after a bona fide business … (8 comments)

 
Michael Crosa CPA, Solving IRS Problems For Real Estate Pros (Michael L Crosa CPA)

Michael Crosa CPA

Solving IRS Problems For Real Estate Pros

Kendall, FL

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Michael L Crosa CPA

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