Business

Restaurants and Businesses Benefit from Temporary Tax Break

Article Highlights:

New Business Tax Break Restaurant Purchased Meals Qualifying Restaurants Take-out Meals Lavish Limitations Taxpayer Presence SubstantiationCongress has provided businesses with a temporary tax break as a means of helping the restaurant industry, which has been devastated by the COVID pandemic.Although the Tax Cuts and Jobs Act eliminated the business deduction for entertainment, it...

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