Business Expenses-Deductibility Guidelines

Lavish & Extravagant portion of business meal 0%

Meal with employee, business discussed (before, during, or after) 50%

Meal with employee, no business discussed 0%

Meal with customer, business discussed (before, during, or after) 50%

Meal with customer, no business discussed 0%

Meal with customer during business travel, no business discussed: Taxpayers meal 50% Customers meal 0%

Employers cost of dinner for employees working overtime 100%

Lunch ordered in for staff meeting 100%

Dinner for customer and spouse, no one else present 0%

Transportation to and from restaurant for business meal 100%

Entertainment

Ticket price for porting event associated with business discussion 50%

Ticket price for sporting event if taxpayer doesn’t attend 0%

Scalper’s premium for tickets 0%

Cover charge, taxes and tips 50%

Club dues(exceptions) 0%

Tickets to charitable fundraising sports event  up to 100%

Tickets to nonprofit high school or college sports events with paid coaches and referees 50%

Transportation to and from business-related entertainment activity 100%

Travel Expense

Transportation and lodging expenses while away from home on business 100%

Transportation, living and attendance expenses for investment seminar  0%

Meals alone while away from home on business 50%