The Internal Revenue Service is giving businesses a tax break they thought they had lost in the tax overhaul last year -- write-offs for wining and dining clients.
The agency said Wednesday companies can still deduct 50 percent of meals while entertaining clients and customers, clearing up confusion about whether tax law changes last year had completely eliminated that benefit.
The Internal Revenue Service is giving businesses a tax break they thought they had lost in the tax overhaul last year -- write-offs for wining and dining clients. The agency said Wednesday companies can still deduct 50 percent of meals while entertaining clients and customers, clearing up confusion about whether tax law changes last year had completely eliminated that benefit. The bill that President Donald Trump signed eliminated the deduction for so-called entertainment expenses -- golf outings, cruises and concert tickets. Tax professionals also thought that ban included food purchased while taking clients out.