Posts made in August, 2018

New Tax Reform Law Regarding Deductions

By on Aug 16, 2018 in Uncategorized | 0 comments

THE NEW TAX REFORM LAW TAKES A BITE OUT OF MEALS, ENTERTAINMENT, AND TRANSPORTATION DEDUCTIONS By Jay M. Rubinstein The Tax Cuts and Jobs Act, (TCJA), although being pro-business in many respects, limits the deductibility of meals, entertainment, and transportation expenses. In the past, taxpayers could deduct 50% of expenses for business related meals and...

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