IRS Addresses Entertainment and Business Meal Expenses in Latest TCJA Guidance | Practical Law
In its latest guidance under the Tax Cuts and Jobs Act (TCJA), the Internal Revenue Service (IRS) provided transitional rules governing the deductibility of expenses for business meals (IRS Notice 2018-76 (Oct. 3, 2018)). The guidance also addresses a TCJA provision under which entertainment expenses are no longer deductible.