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How to Deduct Your Meals and Some Employee Outings

Taxes are the price that we pay for civilization.

—Oliver Wendell Holmes, Jr.

I’m proud to be paying taxes in the United States. The only thing is, I could be just as proud for half the money.

—Arthur Godfrey

Chapter Overview

•   Deduct your meals.

•   Learn when you need a receipt and when the IRS doesn’t require receipts.

•   Deduct theater tickets, golf, plays, and other associated entertainment.

•   Deduct season tickets.

•   Know when a spouse’s meals would be deductible.

•   Know how to audit-proof all entertainment for the IRS.

•   Deduct home entertainment.

•   Learn about a special exception for parties at home.

•   Learn how to deduct large parties without ever discussing business. ...

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