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Old 08-07-2014, 12:58 PM   #1491
Locke
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Quote:
Originally Posted by MoneyGuy View Post
So, Slava and his wife take 10 great clients and their spouses to dinner as an appreciation event. Total cost is $2,500, half of which is tax deductible. He's effectively paying a large amount out of his pocket that, in my opinion, should be a business expense. Sorry, I don't think that's fair. If you think there are inequities in other areas of business deductibility, I'd agree, but I don't think this one accurately represents the business world.
Uh...then dont claim it as meals? A promotional event falls under a different category of deductions.
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