Kathy owns her own marketing firm and incurred the following expenses in 2022 related to meetings with
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Question:
Kathy owns her own marketing firm and incurred the following expenses in 2022 related to meetings with clients and potential clients. Assume that all entertainment expenses were directly associated with a business discussion.
Dues to golf and country club $3,000
Green fees for playing golf with clients $2,000
Meals and drinks with clients after golf at a restaurant (separate invoice) $1,200
Tickets to NCAA Basketball Tournament (face value = $400) $2,000
How much of these expenses are deductible for the current year?
Related Book For
South-Western Federal Taxation 2018 Comprehensive
ISBN: 9781337386005
41st Edition
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young
Posted Date: