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Home > Federal Tax Update Podcast > 2020-02-24 Current Federal Tax Developments
Podcast: Federal Tax Update Podcast
Episode:

2020-02-24 Current Federal Tax Developments

Category: Business
Duration: 00:51:06
Publish Date: 2020-02-23 15:35:20
Description:

Current Federal Tax Developments for the week of February 24, 2020: Meals and Entertainment After TCJA

  • Proposed regulations can be relied upon in the interim, as well as continued reliance on Notice 2018-76
  • Separate invoicing rule for food/beverage first released in Notice 2018-76 is also in the proposed regulations
  • Definition of entertainment stays similar to older definition, but does not include business meals
  • Adopts Notice 2018-76 rules for business meals
  • Detailed guidance on meals related exceptions to 50% disallowance found at ยง274(e)

Copyright 2020, Kaplan, Inc.

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