The expense of a sales luncheon may be deductible (50 percent in 2014) even if no sale is made.

Question

Quizplus · Accepted Answer

According to IRS regulations, business-related meals and entertainment expenses are generally deductible at 50 percent, even if no sale is made. However, there are certain limitations and requirements that must be met in order for the expense to qualify for a deduction, such as documented proof of the business purpose and attendees at the meal.

The Expense of a Sales Luncheon May Be Deductible (50