Example 1. You spend $200 for a business-related meal. If $110 of that amount is not allowable because it is lavish and extravagant, the remaining $90 is subject to the 50% limit. Your deduction cannot be more than $45 (50% Ã $90).
Sports Concie, LLC is a Dallas, TX based Corporate Solutions Firm. The founding partners are U.S. Marine Corps veteran Christopher Crawford and Shey Feherty. Our clients are exposed to high profile individuals and corporations with comprehensive and superior services to both groups.
Read More Show Less. Iza Trapani is the best-selling author/illustrator of several children's books, including TWINKLE, TWINKLE, LITTLE STAR; I'M A LITTLE TEAPOT; THE ITSY BITSY SPIDER; and RUFUS AND FRIENDS: RHYME TIME. She lives in the Hudson Valley of New York.