How would you like to write off your FUN and entertainment? Things like: golf, sporting events, theater tickets, nightclubs, and more!
The IRS allows you to deduct 50% of what they call "Associated Entertainment." AKA "fun!" The key is that the entertainment must either precede or follow a substantial and bona fide business discussion during the SAME 24 HOURS as the entertainment! Wake Up Now...Sponsoring The Amazing Taxbot! www.funandfinances.com Real Life Example: Lee has a business lunch with Karen and discusses business. If Lee suggests they go play golf after the lunch, then he may deduct 50 percent of all his golfing costs! www.funandfinances.com Insider Secret: To audit proof your record you must record the link between a business conversation and the fun in the same day. You can do this in your tax organizer or tax diary, or easily with Taxbot! www.funandfinances.com
