OrbitaxU.S. IRS Issues Final Regulations on the Deduction for Meals and Entertainment
|Approved Changes|United States
The U.S. IRS has announced the issuance of final regulations on the deduction for meals and entertainment, which are pending publication in the Federal Register.
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IRS issues final regulations on the deduction for meals and entertainment
IR-2020-225, September 30, 2020
WASHINGTON — The Internal Revenue Service issued final regulations on the business expense deduction for meals and entertainment following changes made by the Tax Cuts and Jobs Act (TCJA).
The 2017 TCJA generally elimi…