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Posted by Paul Thomas, CPA on April 12, 2008, 9:19 am
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> Can entertainment expenses be deductible in these
> cases: rock concerts if you're a manager of a rock
> band and have to go to concerts to evaluate the
> market (studying sounds, acoustics, clientele).
> Anything else?
Nice thought - but no.
In fact, the IRS could argue that your claims and actions are not ordinary
or necessary for the buisness.
> Can meals be deductible in full for these cases: dog
> food if you're a dog walker, food for children if you're
> a daycare worker. Anything else?
In both those cases you are, hopefully, charging your clients (the owners of
the dogs and kids) a fee for those services. Both would be considered
ordinary and necessary (if not required by law).
But those situations are not "meals and entertainment" as the code defines
it.
--
Paul A. Thomas, CPA
Athens, Georgia
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