Tag Archives: IRS

What Food and Entertainment Costs Are Tax Deductible?

By Chris Peden According to IRS Publication 463, Travel Entertainment, Gift and Car Expenses, you can deduct the costs of meals and entertainment when they “are both ordinary and necessary and meet one of the following tests: Directly-related test Associated test So what does all that mean? “Ordinary” means that it would be the type of expense that a normal …

Read More »