The IRS has issued eagerly awaited guidance on the deductibility of expenses for certain business meals. (Notice 2018-76)
To read the notice, go to:
www.irs.gov/pub/irs-drop/n-18-76.pdf
We will discuss this guidance in more detail at our 2018/19 Federal and California Tax Update Seminar and in future issues of Spidell's Federal Taxletter®.