News

IRS issues guidance on Tax Cuts and Jobs Act changes on business expense deductions for meals, entertainment

by IRS | Oct 10, 2018   ()

The Internal Revenue Service issued guidance today on the business expense deduction for meals and entertainment following law changes in the Tax Cuts and Jobs Act (TCJA). The 2017 TCJA eliminated the deduction for any expenses related to activities generally considered entertainment, amusement or recreation.
Read More

Source: IRS
Source: IRS

News Archive