This video is for Real Estate Agents, Realtors, Brokers and other small business owners who want to learn more about the meals tax deduction. I answer the questions listed below:
1. What meals are 0%, 50% and 100% deductible?
2. What do you need for recordkeeping to deduct meals?
3. What not to do when using the meals tax deduction?
4. What are some helpful hints when using the meals tax deduction?
5. Why does the IRS even provide a meals deduction for business owners to use?
Take what you learn from this video and ask your legal or tax professional all of your specific questions. If you want to contact me, my information is below.
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Link to Tax Planning Video: https://youtu.be/rvqN-PGNiG8
