What types of expenses can’t be written off by your business? Suppose you read the Internal Revenue Code (and you probably don’t want to!). In that case, you may be surprised that most business deductions aren’t specifically listed. For example, the tax law doesn’t...
Innovative Strategies For Winning Tax Controversies, Business Structuring And Estate Planning
Business meals
Deducting a Spouse on a Business Trip
Can you deduct the costs of a spouse on a business trip? If you own your own company and travel for business, you may wonder whether you can deduct the costs of having your spouse accompany you on trips. The rules for deducting a spouse’s travel costs are very...
New IRS Rules on Business Meal Deductions
Business meals. One of the provisions of the Tax Cuts and Jobs Act (TCJA) disallows a deduction for any item with respect to an activity that is of a type generally considered to constitute entertainment, amusement, or recreation. However, the TCJA did not address the...
