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IRS Clarifies Rules for Business Meal Deductions

IRS Clarifies Rules for Business Meal Deductions

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October 2018

No two ways about it, the Tax Cuts and Jobs Act of 2017 eliminated the deduction for business entertainment expenses. What wasn’t as clear was the fate of business meal deductions associated with that entertainment. Now, in Notice 2018-76, the IRS has weighed in with guidance that preserves business deductions for meals incurred in connection with entertainment activities—as long as the meals meet certain requirements.

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