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treyno...@rloft.com  
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 More options May 15, 4:17 am
Newsgroups: misc.taxes.moderated
From: treyno...@rloft.com
Date: Thu, 15 May 2008 04:17:35 EDT
Local: Thurs, May 15 2008 4:17 am
Subject: Meal Expenses 100%
Has anyone heard of any case scenarios where business meals are 100%
deductible; such as, strategy meetings or on site/working meetings?
I'm familiar with the limitations around employee meals and which are
100% deductible. However, this would be with current and/or
prospective clients. Thx.

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Bill Brown  
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 More options May 16, 10:19 pm
Newsgroups: misc.taxes.moderated
From: Bill Brown <brow...@longwood.edu>
Date: Fri, 16 May 2008 22:19:01 EDT
Local: Fri, May 16 2008 10:19 pm
Subject: Re: Meal Expenses 100%
On May 15, 4:17 am, treyno...@rloft.com wrote:

> However, this would be with current and/or
> prospective clients. Thx.

50% deductible.

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used,   >>
<< nor can it used, for the purpose of avoiding penalties  >>
<< that may be imposed upon the taxpayer.                  >>
<<                                                         >>
<<   The Charter and the Guidelines for submitting posts   >>
<<  to this newsgroup as well as our anti-spamming policy  >>
<<                  are at www.asktax.org.                 >>
<<         Copyright (2007) - All rights reserved.         >>
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Brew1  
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 More options May 17, 12:59 am
Newsgroups: misc.taxes.moderated
From: Brew1 <brew....@gmail.com>
Date: Sat, 17 May 2008 00:59:55 EDT
Local: Sat, May 17 2008 12:59 am
Subject: Re: Meal Expenses 100%
On May 15, 4:17 am, treyno...@rloft.com wrote:
> Has anyone heard of any case scenarios where business meals are 100%
> deductible; such as, strategy meetings or on site/working meetings?
> I'm familiar with the limitations around employee meals and which are
> 100% deductible. However, this would be with current and/or
> prospective clients. Thx.

If it qualifies as a "de minimus" benefit, it would be 100% deductible
and not taxable to the employee.
Pub 15-B addresses this issue, but I don't see it as applicable to
clients.

IRS Circular 230 Disclosure:  To comply with requirements imposed by
the IRS, we inform you that any
U.S. federal tax advice contained herein (including any attachments),
is not intended or written to be used,
and cannot be used, for the purposes of (i) avoiding penalties under
the Internal Revenue Code or (ii)
promoting, marketing or recommending to another party any transaction
or matter herein.

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used,   >>
<< nor can it used, for the purpose of avoiding penalties  >>
<< that may be imposed upon the taxpayer.                  >>
<<                                                         >>
<<   The Charter and the Guidelines for submitting posts   >>
<<  to this newsgroup as well as our anti-spamming policy  >>
<<                  are at www.asktax.org.                 >>
<<         Copyright (2007) - All rights reserved.         >>
<< ------------------------------------------------------- >>


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