Final Regulation Clarify Who is Subject to 50% Limit On Meal and Entertainment Expenses August 2013

On Wednesday, the IRS issued final regulations clarifying which party is subject to the 50% limit on deductible meal and entertainment expenses under Sec. 274(n) (T.D. 9625). The final rules adopt proposed regulations issued in July 2012 (REG-101812-07) without substantive change.

PDF document icon Aug Final Reg on Meal and Expenses.pdf — PDF document, 202 kB (207074 bytes)