Clarissa is a very successful self-employed real estate attorney.She spends $5,000 per year taking her clients out to dinner upon completion of a sale.Unfortunately,Clarissa is not a good recordkeeper and does not maintain receipts.However,such meals are standard practice in her field,and trade journals indicate that $5,000 is a reasonable amount for a successful high-end attorney.Clarissa will be allowed to deduct $2,500.

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The Answer of Clarissa is a very successful self-employed real estate attorney.She spends $5,000 per year taking her clients out to dinner upon completion of a sale.Unfortunately,Clarissa is not a good recordkeeper and does not maintain receipts.However,such meals are standard practice in her field,and trade journals indicate that $5,000 is a reasonable amount for a successful high-end attorney.Clarissa will be allowed to deduct $2,500.

Clarissa Is a Very Successful Self-Employed Real Estate Attorney