Thursday 1 October 2020

IRS releases final rules on business meals and entertainment

The IRS on Wednesday issued final regulations (T.D. 9925) implementing provisions of the law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, that disallow a business deduction for most entertainment expenses. The regulations also clarify the ...

source https://www.google.com/url?rct=j&sa=t&url=https://www.journalofaccountancy.com/news/2020/oct/irs-rules-business-meals-entertainment.html&ct=ga&cd=CAIyGjJhZjcxZTMyNjk0YzRkZjQ6Y29tOmVuOlVT&usg=AFQjCNEpIzorcYzlwo2-xHtW_RZAk_A-Tw

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