Quote:
Originally Posted by kevin7890
In regards to meal expenses, I was informed that unless you are on an overnight trip and take your client out for dinner, you can only deduct 50% (your client's portion).
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This is if you are traveling on a business trip (not for your own company) i.e. you work for company A in New York City, the company has a client in L.A. and send you on a business trip to talk to them about a problem. Since you are an Employee you may deduct 50% on NON-REIMBURSED this is on Form 2106. But for your own company you only pay taxes on a Profit. I.E. Sales - Expenses = Net Profit. A business dinner would be an expense if it is a "legitimate" BUSINESS expense.