Current Federal Tax Developments for the week of February 24, 2020: Meals and Entertainment After TCJA <ul data-rte-list="default"><li>Proposed regulations can be relied upon in the interim, as well as continued reliance on Notice 2018-76 Separate invoicing rule for food/beverage first released in Notice 2018-76 is also in the proposed regulations </li><li>Definition of entertainment stays similar to older definition, but does not include business meals </li><li>Adopts Notice 2018-76 rules for business meals </li><li>Detailed guidance on meals related exceptions to 50% disallowance found at §274(e)</li></ul>An audio only version of this week’s broadcast can be streamed or downloaded below:





The article for this week’s broadcast can be downloaded below:<a href="https://www.currentfederaltaxdevelopments.com/s/Update-2020-02-24.pdf">2020-02-24 Current Federal Tax Developments</a>

2020-03-02 Late Filing Week

Weekly update on federal income tax developments