AJ06
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@Critter-3Thanks for the clarification!
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@Critter-3Yes, they were meals fed to employees. Do I deduct the full amount of the unused coupons on 2020 taxes or do I deduct yearly until 2023?The 1099 was f...
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@Critter-3The coupons were received at the end of March 2020 and were used until the end of July. I have unused coupons from Aug 2020-March 2023 as they were go...
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@MichaelL1I did not sell the unused meal coupons, I still have them in hand. So this means I report the full amount of the 1099 and make no adjusting entries?
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If a restaurant "awards" a construction business coupons for free food (3 free meals per week for three years) in 2020 and sends an award letter stating this, d...
Activity Feed for AJ06
- Posted Re: Can a business owner write off promotional giveaways? on Business & farm. October 6, 2021 11:21 AM
- Posted Re: Can a business owner write off promotional giveaways? on Business & farm. October 4, 2021 5:55 PM
- Posted Re: Can a business owner write off promotional giveaways? on Business & farm. October 4, 2021 3:16 PM
- Posted Re: Can a business owner write off promotional giveaways? on Business & farm. October 4, 2021 11:03 AM
- Posted Re: Can a business owner write off promotional giveaways? on Business & farm. October 3, 2021 2:52 PM