ILLMAS Posted March 19, 2009 Report Posted March 19, 2009 What are the cases when meals can be 100% deducted? Quote
Wayne Brasch Posted March 19, 2009 Report Posted March 19, 2009 What are the cases when meals can be 100% deducted? I believe no such cases exist. Wayne Brasch Quote
ILLMAS Posted March 19, 2009 Author Report Posted March 19, 2009 I believe no such cases exist. Wayne Brasch Ok thanks, for some reason I thought if you are trying to acquire more business and have to travel out of state, apart from car rental and lodging you were able to deduct 100% meals. Quote
lsowers Posted March 19, 2009 Report Posted March 19, 2009 There are a couple of cases - if you have Quickfinder or the Tax Book, they explain the situations. Quote
ILLMAS Posted March 19, 2009 Author Report Posted March 19, 2009 There are a couple of cases - if you have Quickfinder or the Tax Book, they explain the situations. I will check my quickfinder when I get back to my office. Thanks Quote
ljwalters Posted March 20, 2009 Report Posted March 20, 2009 The only exception to the 50% rule that for meals that I am aware of is the DOT rules which for 2008 is 80%. Linda and buddy Quote
michaelmars Posted March 20, 2009 Report Posted March 20, 2009 i believe office meals to keep your workers working through lunch is 100% since its not entertaining exp. if falls into office exp same as your bottled water cooler etc. Quote
lbbwest Posted March 20, 2009 Report Posted March 20, 2009 I believe no such cases exist. Wayne Brasch See Pub 535 de minimis fringe benefits for allowable 100% deduction. Hope you are having a good tax year. lbb Quote
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