IRS Confirms Continued Partial Deductibility of Business Meals
October 2018 For months, the American Institute of CPAs (AICPA) and American businesses have been requesting guidance from the U.S. Treasury Department and Internal Revenue Service ("IRS") regarding changes made by the Tax Cuts and Jobs Act (TCJA) (Pub. L. No. 115-97). These changes disallowed the deductibility of entertainment, amusement, recreation and qualified transportation fringe expenses beginning [...]