As you hopefully know, the 2018 Tax Cuts
Act ELIMINATED ALL deductions for
“Business Entertainment expenses.”
Several years ago, the IRS lumped-together
“Business Meals” and “Business Entertainment”
into one category, and called it “Deductible Meals
and Entertainment” [Schedule-C, Line 24(b)]
The 2018 Tax Cuts & Jobs Act specifically
ELIMINATED all Business Entertainment
deductions, as of Jan.1 of this year, 2018.
The Tax Act made no specific mention of
Business Meals, which left us in limbo, with the
question: “What about Business Meals whose
Primary Purpose is NOT entertainment?”
The IRS has (finally) released “Transitional
Guidance” on that subject, meaning it is
temporary guidance we can use while
they are accepting public comments, which
will lead to a final draft.
The Comment Period will end on Dec. 2,
2018, after which the IRS will publish final
“official” guidance in Notice 2018-76…
presumably before the end of 2018.
WHAT DOES THE “TRANSITIONAL
GUIDANCE” ACTUALLY SAY?
The guidance is pages and pages long
(of course – written by IRS bureaucrats).
I could send you a copy of it, but I care
too much about you to do that. It’s all in a
foreign language called “government-ese.”
So here’s what I’m doing for you…
Well-known #1 tax-law expert DAN PILLA
will be my guest-presenter to describe and
explain the “Transitional Guidance,” how to
use it, and how to “audit-proof” your business
meal deductions for tax-year 2018.
WHERE: Live Online Webinar
SPONSOR: HomeBusinessTaxSavings.com
PRESENTER: America’s #1 Tax Law Authority,
DANIEL J. PILLA
WHEN: Sunday, Oct 14
WHAT TIME: (6pm Pacific); (7pm Mountain):
(8pm Central); (9pm Eastern time)
COST: FREE – my gift to you!
TO REGISTER: CLICK HERE
WHAT YOU WILL LEARN:
- How the new 2018 Tax Cuts Act changed
MEAL & ENTERTAINMENT deductions - What CAN and CANNOT be deducted
under the NEW rules? - The DIFFERENCE between DEDUCTIBLE
and NON-DEDUCTIBLE meal expenses - RECORDKEEPING that can “AUDIT-PROOF”
your Business-Meal deductions
DOES THIS EFFECT YOU?
This is a BIG deduction for small-business
owners that we have only partially lost. On
this web briefing you will learn how to salvage
as much as possible without throwing in the towel.
If you are running a small or home-based
business you have probably been writing-off
meal and entertainment expenses every
year. This year’s tax return will NOT be
like ANY you have filed in the PAST.
You do NOT want to miss this briefing!
Creating Tax-Smart Small-Business Owners
for two decades and counting,
Ronald R. (“Ron”) Mueller, MBA, Ph.D.
Speaker, Small-Biz Tax Educator and Author of
“Home Business Tax Savings, Made Easy”
“WINDFALL Tax-Savings APPROVED!”
and
“Executive Summary of 2018 Tax Cuts Act”
P.S.
Do whatever you have to do to attend this
critical web-briefing. It’s highly unlikely we
will repeat it again. Save your seat NOW at
https://register.gotowebinar.com/register/9029410882811685379