what is Meals And Entertainment Expenses Not Subject To 50% Limitation?
The following types of expenses are 100% deductible: • Expenses for services, goods, and facilities that are treated as wages to the recipient; • Reimbursed expenses when the services for which reimbursement is made are performed for the employer and is not treated as wages to the recipient; • Recreational expenses primarily for employees who are not highly compensated (e.g. company picnic); • Cost of goods, services, and facilities made available to the public; • Entertainment sold to customers in a bona fide transaction for adequate consideration (i.e. sold for money) • Goods, services, and facilities that are given to nonemployees as entertainment, amusement, or recreation expenses and that are includible in the recipient’s income; • Food and beverage expenses that are excludible from the recipient’s income as de minimis fringe benefits; • The cost of a ticket package to a sporting event and related expenses if the event is organized to benefit a tax-exempt organization, all net pro
