Monthly Archive: October 2018

Meals continue to be deductible under new IRS guidance

By Sally P. Schreiber, J.D.  (Sally.Schreiber@aicpa-cima.com) is a JofA senior editor. The IRS on Wednesday issued guidance clarifying that taxpayers may generally continue to deduct 50% of the food and beverage expenses associated with operating their trade or business, despite changes to…
Read more