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Treasury, IRS Provide Guidance on Tax Relief for Deductions for Food or Beverages from Restaurants
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Treasury, IRS Provide Guidance on Tax Relief for Deductions for Food or Beverages from Restaurants

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Treasury, IRS Provide Guidance on Tax Relief for Deductions for Food or Beverages from Restaurants

This article was published by the IRS. Reminder that businesses can temporarily deduct 100% beginning January 1, 2021 This is a reminder that the Treasury Department and the Internal Revenue Service have issued Notice 2021-25 providing guidance under the Taxpayer Certainty and Disaster Relief Act of 2020. The Act added a temporary exception to the 50% [...]