IRS Business Meal and Entertainment Expense Proposed Rules Address TCJA Requirements, Holiday Parties, Breakroom Snacks, and More (Reliance Permitted) | Practical Law
The Internal Revenue Service (IRS) issued proposed regulations that reflect changes to the deduction rules for meals and entertainment expenses under the Tax Cuts and Jobs Act (TCJA). Until final regulations are issued, the proposed regulations may be relied on for entertainment expenditures and food or beverage expenses paid or incurred after December 31, 2017.