Meal Expenses 100%

May 15, 2008 2 Replies

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.

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