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Lane, I have a c-corp trucking company with 100% owner who
Hello Lane, I have a c-corp trucking company with 100% owner who employs several independent contractors. He pays them and himself 1099-Misc. What meals expense can he deduct on his 1120? (except regu… read more
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An s corp with one shareholder / employee is trying to
Second opinion] An s corp with one shareholder / employee is trying to determine whether an her partner (in life) should also become a shareholder/ employee for tax reasons, both the corp and people l… read more
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I am in a band that files SCorp, do I include cost of
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IRS tax question: If an independent contractor who is a
IRS tax question:If an independent contractor who is a realtor provides meals on premises for other realtors who are also independent contractors can they take the meals and entertainment deduction at… read more
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There is a contractor who is contracted by a Corporation
There is a contractor who is contracted by a Corporation with an agreement and conditions of work for the contractor. Part of the terms is that the Company will not reimburse for Lodging or M&IE. The … read more
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Trucker receives a per diem rate for being an over the road
Trucker receives a per diem rate for being an over the road trucker. Where is that deducted on the return?… read more
emc011075
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Assume the members of ABC, LLC are either S Corps or an LLC
Assume the members of ABC, LLC are either S Corps or an LLC which are each owned 100% separately by three guys running ABC, LLC. Can the three guys draw salaries as employees of ABC, LLC. Can the memb… read more
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I have HVAC installation and repair service in Nwest Ohio.
I have HVAC installation and repair service in Nwest Ohio. It's a one man operation, but at times I need spot helper. I have thought of taking off pressure by hiring a guy to do my installation work-s… read more
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S Corp. - Meals and Entertainment, Gifts, and Travel. Need
S Corp. - Meals and Entertainment, Gifts, and Travel. Need clarification. 1) Meals incurred while employee is traveling for business is only 50% deductible for tax purposes. This includes meals while … read more
Megan C
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I need backup on an opinion. I have a client who is convince
I need backup on an opinion. I have a client who is convince that there is a different discount (tax reduction) for Business Meals vs Meals taken while on a business trip. Under these two circumstance… read more
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I am the bookkeeper for a non profit high school band booster.
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I would like to confirm a few things regarding per diem meal
I would like to confirm a few things regarding per diem meal rates. The taxpayer travels to a destination that is 200 miles from his "tax home".. He arrives the day before his vendor show to set up. H… read more
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Are we allowed to deduct all of our associated meals and entertainment?
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I own an S corporation and get my income at the end of the
I own an S corporation and get my income at the end of the year as a share holder. I travel with my main contractor quite often. If I pay for meals while we are traveling do I, a) right off the whole … read more
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An S Corp has 2 shareholders. Has not filed a return since
An S Corp has 2 shareholders. Has not filed a return since 2005. The first year, the accountant filed a W2 and a 1099 for services for shareholder B. In 2006, it's determined that shareholder B just w… read more
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Context: Tour guide business S Corp Question: Meals for tour
Context: Tour guide business S Corp Question: Meals for tour participants are fully deductible, that is a given. How about for the tour guide, full or 50%? Trips all occur thousands of miles from tax … read more
Stephen G.
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Im look for a concise guide for a business meals deduction
I'm look for a concise guide for a business meals deduction -- when are they subject to 50% and what meals are 100% deductible.… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
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I get different answers from my accountant depending on when
I get different answers from my accountant depending on when I ask..it seems. Can you tell me if the following expenses are tax deductible? And if so, if it's 50% or 100% * Take a customer to dinner (… read more
Lev
Lev
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