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Is LLC annual meeting a single expense?

Is the expense of the annual meeting for a multi-member LLC a single line item somewhere in TT or are the expenses just broken up into the existing Travel, Meals & Entertainment, etc. categories?

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Accepted Solutions
ReginaM
Expert Alumni

Is LLC annual meeting a single expense?

Split the expenses for your annual meeting up into your existing Travel, Meals & Entertainment accounts.  It helps the IRS to analysis your data more efficiently.  

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
ReginaM
Expert Alumni

Is LLC annual meeting a single expense?

Split the expenses for your annual meeting up into your existing Travel, Meals & Entertainment accounts.  It helps the IRS to analysis your data more efficiently.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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