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----- Original Message -----
From: "Dana Tierney" <[EMAIL PROTECTED]>
To: "CF-Community" <[EMAIL PROTECTED]>
Sent: Friday, October 17, 2003 8:24 AM
Subject: Re: Texas corporation question
| I'm not obsessive, naw....from p. c-5, apparently there is a standard meal
| allowance, or you can deduct 50% of the cost of meals directly related to
| the active conduct of your business, that are not lavish or extravagant,
| and for which you or an employee were present. DOT = truckers, pilots, etc.
|
| if you furnish meals for an employee you can deduct 100% of that if you
| treat it as wages and withhold tax....
|
| I decided not to mess with it.
|
| Dana
|
| Jeffry Houser writes:
|
| > I usually deduct all "meals" that I eat either with clients or when I'm
| > on-site at a client location.
| > In the past this number has usually been low (under $200). This year
| > I've been doing a lot of on-site work, so it'll probably be much higher.
| > I understand that this is one of the items that could be a flag for the
| > IRS.
| >
| >
| > At 08:05 AM 10/17/2003 -0500, you wrote:
| > >Subject: Texas corporation question
| > >From: "Dana Tierney" <[EMAIL PROTECTED]>
| > >Date: Fri, 17 Oct 2003 11:46:31 GMT
| > >Thread:
| >
>http://www.houseoffusion.com/cf_lists/index.cfm?method=messages&threadid=10104&
forumid=5#92458
| > >
| > >Business meals may be partially deductible if they are "reasonable and
| > >usual" for your type of business. Percent varies by circumstances.
| >
| >
| >
| > --
| > Jeffry Houser, Web Developer <mailto:[EMAIL PROTECTED]>
| > Aaron Skye, Guitarist / Songwriter <mailto:[EMAIL PROTECTED]>
| > --
| > AIM: Reboog711 | Phone: 1-203-379-0773
| > --
| > My Books: <http://www.instantcoldfusion.com>
| > Recording Music: <http://www.fcfstudios.com>
| > Original Energetic Acoustic Rock: <http://www.farcryfly.com>
| >
| >
| >
|
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