Day: November 28, 2020

The IRS has issued Notice 2021-25 that temporarily increases for 2021 and 2022 the Business Deduction for Business Meal Expenses to 100% from 50%. This applies to food or beverages provided by a restaurant. The term “restaurant” means a business that prepares and sells food or beverages to retail customers for immediate consumption, regardless of… Continue reading 100% Food and Beverage Expense Deduction for 2021 and 2022