Wednesday, 1 January 2014

What does the IRS allow as an acceptable percentage of total income as a deduction for meals and entertainment for a broker?

What does the IRS allow as an acceptable percentage of total income as a deduction for meals and entertainment for a broker?
There is no accwptable percentage. You must be able to substantiate each amount...what triggers an audit...lord knows..probably not 1 thing...and of course many are entirely random.

No comments:

Post a Comment