When it comes to business entertainment, here’s what the IRS has to say…
“Eat, drink, and be merry, for tomorrow you pay taxes.”
The good news is that you can pay a lot less tax down the road if you understand the IRS’s complex business-entertainment rules and regulations.
How well do you know them? You’ll find out when you take my short business-entertainment IQ test.
Specifically, you’ll learn how the tax code treats “Dutch treat” business entertainment and how you can cut your tax bill. Want to take my little test and learn a heck of a lot?
Ready. Set. Click!… Tax Tips: Test Your Tax IQ: Can You Deduct Dutch-Treat Entertainment?
Here’s how taking my short test can help you:
- You’ll learn the ins and outs of “Section 274.” This important section of the tax code defines what the IRS considers bona fide “business entertainment” to be. Understanding the definition can save you a lot of money. You’ll get the facts when you read the full article.
- You’ll learn what constitutes an “ordinary and necessary business expense.” It’s extremely important for you to learn the meaning of this phrase. We’ll explain it fully when you read the full article.
- You’ll learn what you can deduct when you go “Dutch treat.” Want to pay for your own dinner, but not your guest’s? You’ll get an easy-to-understand explanation of a nice deduction when you read the full article.