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Attorney2020
Attorney2020, Attorney
Category: Business Law
Satisfied Customers: 2578
Experience:  I am a practicing attorney. I have experience in business law, bankruptcy, real estate law and estates.
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This is an accounting question. We train teachers. I travel

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This is an accounting question. We train teachers. I travel with a crew of trainers (1099 consultants) who help me train new trainers to the company (also 1099 contractors). I pay these helpers PER DIEM for their travel and lodging. We occassionally celebrate with NICE Louis XIII Cognac. The bill for the Louis was 1800.00. Is this a legitimate expense accepted by the IRS? I did not imbibe but it was a clelbratory drink for my helpers (1009 consultants who help me). Or, do I claim this a Shareholder Distribution (equity)....?
Submitted: 11 months ago.
Category: Business Law
Expert:  Attorney2020 replied 11 months ago.

Hello,

I will be assisting you today.

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