topic If I am in direct sales with a large team that I provide meals to during "company parties", can that be 100% deducted? in Deductions & credits

If I am in direct sales with a large team that I provide meals to during "company parties", can that be 100% deducted?

eckelkampkari — Wed, 18 Mar 2020 18:55:15 GMT

Re: If I am in direct sales with a large team that I provide meals to during "company parties", c...

KurtL1 — Wed, 18 Mar 2020 19:23:26 GMT

Yes, you and deduct 100% of the cost of the meals at at company party.

Per IRS Publication 15b and IRS Publication 535, food or beverage expenses related to employee recreation, such as holiday parties or annual picnics, aren't subject to the 50% limit on deductions when made primarily for the benefit of your employees other than employees who are officers, shareholders or other owners who own a 10% or greater interest in your business, or other highly compensated employees.

Re: If I am in direct sales with a large team that I provide meals to during "company parties", c...

daa — Sat, 11 Jul 2020 09:43:49 GMT

thank you Kurt. How is this to be entered at 100% when tt auto calcs 50%? thank you

Re: If I am in direct sales with a large team that I provide meals to during "company parties", c...

Critter-3 — Sat, 11 Jul 2020 11:49:08 GMT

If you provide "lunch" in exchange for pitching to the group you could count this as advertising instead of meals.

And if you are going to report it in 100% meals then scroll down to the correct place in the expenses list ... you stopped too soon ...