Deductions for Entertainment Expenses Eliminated Under Tax Reform

  • Blog
  • 1/24/2018
The business purpose and documentation requirements around entertainment expenses have long been a hot button for IRS examiners during audits. The new tax reform law signed by the President in December closes this issue.
This blog contains general information and does not constitute the rendering of legal, accounting, investment, tax, or other professional services. Consult with your advisors regarding the applicability of this content to your specific circumstances.

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