T&E: Sorting Out the Tricky Tax Rules for Home Entertaining
October 2006
The holiday season will soon be upon us and many executives will step up their entertainment of clients—some of which will occur at the executives’ homes. However, unlike traditional entertainment expenses, entertaining at home is subject to tricky tax rules. Under certain conditions, these costs are bona fide deductible business expenses. In other cases, however, they are not—and they can trigger taxable income to the execs if your company foots the bill.
2009
