Meals

1 view
Skip to first unread message

dbhol...@gmail.com

unread,
Mar 28, 2023, 12:06:10 PM3/28/23
to clientwh...@googlegroups.com

I have a schedule C client who travels a lot, her contracts have the clients paying for all expenses except meals. I know business meals are 100% through 2022, but these are not business meals just for her while traveling.

 

Is this deductible at all since it did not include a customer meal.

 

Thanks

Lee Reams

unread,
Mar 28, 2023, 12:51:19 PM3/28/23
to 'giraffes5gb' via ClientWhysConnect

FROM THE BB, PAGE 3.10.02:

50% Limit: Deductions for business meal expenses are limited to 50% of their cost, other than those eligible for the 100% deduction noted above. The 50% rule also covers the cost of meals during away-from-home business travel.


-- 
You are subscribed to the ClientWhysConnect group.
Post Address: clientwh...@googlegroups.com
Unsubscribe Address: clientwhysconn...@googlegroups.com
For more options, visit this group at
http://groups.google.com/group/clientwhysconnect?hl=en?hl=en
 
Disclaimer --- You use the information shared on ClientWhysConnect.com at your own risk. The information is based upon unsubstantiated member opinions and if you have concerns about the validity of the information you should research the issue thoroughly yourself and arrive at your own conclusions. We will never share any of the information you’ve provided to the ClientWhysConnect.com list with anyone.
--- 
You received this message because you are subscribed to the Google Groups "ClientWhysConnect" group.
To unsubscribe from this group and stop receiving emails from it, send an email to clientwhysconn...@googlegroups.com.
To view this discussion on the web visit https://groups.google.com/d/msgid/clientwhysconnect/028901d9618f%243579e9a0%24a06dbce0%24%40gmail.com.


 

PastedGraphic-2.tiff


Lee Reams Sr., BSME, EA
Chief Content Officer
CountingWorks Pro | CountingWorks | TaxBuzz | TaxCPE
p:1.800.442.2477 x240
w:www.countingworkspro.com/  e: lee....@countingworks.com
      
 
See how CountingWorks can grow your practice.

 






Reply all
Reply to author
Forward
0 new messages