Deductions Back on the Menu for Ballgame, Entertainment Meals (1)

Getting tax write-offs for skybox shrimp at the next company ballgame outing will be much easier thanks to IRS guidance that goes beyond what many tax attorneys were hoping to see.

The Internal Revenue Service’s proposed rules clarify that business meals at a sports or entertainment venue are still eligible for a 50% tax deduction, as long as receipts documenting the separate costs between event and food are clearly provided, even if they’re on the same invoice.

That gives attorneys assurance that clients will still receive a write-off for meals that occur during a fancy event, said Bruce Ely, a ...