Entertainment versus Meals: Guidance released from the IRS

Gregory S. Dowell October 3, 2018 The Tax Cut and Jobs Act (TCJA) eliminated any deduction for entertainment, amusement, or recreation.  What was very unclear following the passage of TCJA, however, was whether meals would remain deductible and, if so, under what circumstances.  Tax practitioners have been waiting for clarification from the IRS and, thankfully,…