Tax Podcast: Meals and Entertainment Guidance

February 24, 2020

Stay up to date on federal tax developments with this weekly tax podcast by Edward K. Zollars, CPA, Phoenix, Arizona. 

This week's topics include:

  • Proposed regulations can be relied upon in the interim, as well as continued reliance on Notice 2018-76
  • Separate invoicing rule for food/beverage first released in Notice 2018-76 is also in the proposed regulations
  • Definition of entertainment stays similar to older definition, but does not include business meals
  • Adopts Notice 2018-76 rules for business meals
  • Detailed guidance on meals related exceptions to 50% disallowance found at §274(e)

Articles for this week's podcast can be downloaded here.

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