Entertainment & Meal Deductions Under the Tax Cuts and Jobs Act of 2017

Entertainment & Meal Deductions Under the Tax Cuts and Jobs Act of 2017 by Susan Moussi

{2:50 minutes to read}  As a business owner, it’s likely that you meet with prospective clients away from your place of business. Perhaps these conversations happen over lunch or dinner; maybe it’s while enjoying a sporting event. Here’s what you need to know about meal and entertainment deductions.  

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When a Tax-Free Employee Benefit Gets Taxed

When a Tax-Free Employee Benefit Gets Taxed by Susan Moussi

{2:28 minutes to read}  A recent court case illustrates the need to pay attention to your timing when taking advantage of tax-free benefits.

In Voigt, T. C. Summ. 2018 – 25, an employee was laid off from the university he worked at in 1991. As part of the severance package from the university, he or his dependents could receive a certain amount of tuition waivers that corresponded to his years of service. The waivers had several limitations in place, but apparently not one specific limitation that would keep the taxpayer from using the waivers in 2013 — 22 years after leaving the university. 

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