Which of the following is a true statement?
A) Meals are never deductible as a business expense.
B) An employer can only deduct half of any meals provided to employees.
C) The cost of business meals must be reasonable.
D) A taxpayer can only deduct a meal for a client if business is discussed during the meal.
E) None of these is truE.Employee meals can be fully deductible as compensation and meals merely need to be associated with the conduct of business.
Correct Answer:
Verified
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