A self-employed consultant takes a client to dinner to propose a new consulting engagement.Assuming appropriate documentation is maintained,the individual will receive a deduction for AGI for 50% of the meal cost.

Question

Quizplus · Accepted Answer

The IRS allows a self-employed consultant to deduct 50% of the meal cost as long as it is considered an ordinary and necessary business expense and proper documentation is maintained.

A Self-Employed Consultant Takes a Client to Dinner to Propose