Prof. Victoria J. Haneman - Latest News and Information
Tax law professor; commentary spanning tax, policy, and intersections with business/legal systems.
A guide to business meal deductions Lower Risk • Occasional client lunch • Modest amounts • Clean documentation • Clear business relationship Moderate Risk • Frequent meals but defensible revenue • Slightly aggressive % of expenses • Documentation exists but is thin High Risk • Large meals relative to income • vague “business meeting” notes • No attendee names • Receipts missing • Pattern suggest disguised personal consumption
I can think of half a dozen reasons why it is NOT a mistake to gift a house to a child before passing. Why? Because these decisions are fact and portfolio dependent, and always/never advice is rarely reliable when it...
