Document Type

Radio Broadcast

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Publication Date

1-15-2019

Abstract

TCJA Disallowance of Business Deduction for Entertainment, Amusement, and Recreation: The Tax Cuts and Jobs Act disallows certain business deductions for entertainment expenses. While all entertainment expenses are disallowed, an employer may still deduct up to 50% of the cost of business meals if the employer or employee is present, the meal is not lavish, and the meal is substantiated with a detailed receipt.

Comments

Professor Francine Lipman brings the City of Las Vegas invaluable tax tips & traps for the unwary in this weekly morning radio spot “Tax Talk Tuesdays” on KUNV Radio 91.5 F.M. Topics change weekly and include IRS phone scams, information on offers in compromise, higher education benefits, veterans’ disability severance payments, and many more issues affecting many taxpayers.

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