TITLE

BUSINESS OR PLEASURE? TAX TRAPS

AUTHOR(S)
Jacknewitz, Dennis J.
PUB. DATE
April 2010
SOURCE
GPSolo;Apr2010, Vol. 27 Issue 3, p32
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article explores the federal income tax aspects of business and pleasure expenses in the U.S. including client meals and entertainment and country club dues. As reported, expenses associated with client entertainment and meals are subject to the 'ordinary and necessary' rule under the Internal Revenue Code of the U.S. Internal Revenue Service (IRS) and are deductible subject to certain limitations.
ACCESSION #
50674973

 

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