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The FICPA podcast is to inform and educate our members & the CPA community with today’s hottest issues. Our mission is to serve our members, enhance their competency & professionalism, support professional standards, promote the value of our members & advocate on behalf of the CPA Profession.
Episodes
Monday Feb 24, 2020
Monday Feb 24, 2020
This week we look at:
- Proposed regulations can be relied upon in the interim, as well as continued reliance on Notice 2018-76
- Separate invoicing rule for food/beverage first released in Notice 2018-76 is also in the proposed regulations
- Definition of entertainment stays similar to older definition, but does not include business meals
- Adopts Notice 2018-76 rules for business meals
- Detailed guidance on meals related exceptions to 50% disallowance found at §274(e)