Deductibility of business
meal, travel and entertainment
100% deductible expenses:
Travel expenses for transportation and lodging
Transportation to/from restaurant for business meal
Transportation to/from sporting event
Dinner for employee working overtime (if necessary)
Lunch ordered in for staff meeting (if necessary)
Lunch and dinner provided at employer-operated cafeteria
Tickets to charitable fund-raising sports event
50% deductible expenses:
Meals taken alone while away from home
Business meal - with customer and business discussed
Business meal - with employee and business discussed
On business trip - meal with customer and business discussed
On business trip - meal with customer and no business discussed (only your
portion)
Tickets for sporting events associated with business entertainment
Golf and business discussed
0% deductible expenses:
Business meal - lavish and extravagant
Business meal - with customer and no business discussed
Business meal - with employee and no business discussed
On business trip - meal with customer and no business discussed (only
customer's portion)
Dinner for customer and spouse, no one else present
Premium paid for beyond the original ticket price
Country club dues and fees
|
