[moon]

Originally Posted by MoneyGuy

Food and entertainment are only 50% deductible. As a self-employed person who takes clients out, this pisses me off. Hear me out.

If I want to take my wife and, say, 12 top clients (including spouses, 14 people in total) out to a dinner theatre, for example, the bill could easily shoot over a grand for the night out; I'm including drinks. If you feel that I should not be able to deduct the cost for my wife and I (I do think I should be able to), then our cost is 14.3% of the total bill. Fine, be a jerk and make that non-dedictible, although I'd argue that the only reason we're there at all is to be with the clients. However, if the bill is $1200, I'm paying $600 out of my own pocket for something that is a legitimate business expense annoys me greatly.

That sucks!

Personally I think you should be able to claim 0% of it, so at 50% with or without you and your wife included is a pretty good deal for you.