Public hearing date changed on proposed rules that would address the elimination of the deduction under tax code Section 274 for expenditures related to entertainment, amusement, or recreation activities, and provide guidance to determine whether an activity is of a type generally considered to be entertainment. The hearing date is changed from April 7, 2020, to April 29, 2020. Written or electronic comments must be received by April 13, 2020, the IRS noted. [REG-100814-19, RIN 1545-BP23, 85 Fed. Reg. 13118 (Mar. 6, 2020)]
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