The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

MEALS AND ENTERTAINMENT EXPENSE Definition & Legal Meaning

Definition & Citations:

Meals and entertainment directly related to business operation are this paid amount, for income tax purposes. The IRS allowance for a business to deduct meals and entertainment expenses from its income is 50%.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.