Tickets to a theater performance or sporting event can be treated as either business entertainment or a business gift if the taxpayer does not accompany the client to the event.

Question

Quizplus · Accepted Answer

If the taxpayer does not accompany the client to the event, tickets to a theater performance or sporting event can be treated as either business entertainment or a business gift. However, the treatment will depend on other factors like the purpose of the gift, the relationship between the taxpayer and the recipient, and the cost of the tickets.

Tickets to a Theater Performance or Sporting Event Can Be