What qualifies a business for an 80% (as opposed to 50% or 100%) deduction for meals and entertainment.
Publication 463 covers meals and entertainment.
Open that open and use your search-function to find "80%".
🙂
"If you are subject to the Department of Transportation (DOT) hours of service limits, the allowable deductible percentage is increased to 80% for business meals consumed, or related to, any period of duty for which those are in effect."
Sorry, I have to post the actual answer before the line of hints gets so long that it starts to impede traffic flow.
🐟 vs 🎣
Deductible entertainment? Make sure to look at Dates, if you rely on articles that have tables that will assist you in applying what the IRS dictates:
https://blog.redpathcpas.com/meals-and-entertainment-in-2021
https://www.journalofaccountancy.com/issues/2021/mar/irs-entertainment-tax-deductions.html
@IRonMaN Could you kindly post also the details for 50% and 100%, with the timing (applicable years), as well as the rules for entertainment, before this gets really, really long to create a traffic jam?
Teaching fishing.... Inspired by @Just-Lisa-Now- 's vs ?
Maybe there should have been other signs on that bridge printed in all of the various languages used in that area.... You know how they do with the election ballots...Hmmmmmm😉
Deciphering from the arm-sizes and beer guts, I'd say the other sign ought to be bubba-bonics. Something like this:
"Yo (explicit) oughtta fergit about fishin' here. That's z'actly right. No fishin' here, Man."
It's Windows 11...
I know because I'm still using Pentium III -- just upgraded from my 386.
(My grandson is still playing on Nintendo 32.)
I tried to enlarge the vs but it didn't work....
vs
Here it is....
I have to admit, this has been very instructive!!
Cut the cable cord and just come here for entertainment....
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