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Not Your Meals

May 31, 2006

Today TaxMama hears from Megan who is appalled, “I heard that when deducting expenses for a business lunch (say, you and a client went out for lunch to talk shop), you are only allowed to deduct 50% of the price of the meal. That is, only their portion of the bill as a legitimate tax [...]

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Fifth Wheel

November 1, 2005

Today TaxMama hears from Brad in North Carolina, who says, “I am an independent contractor in both the telecommunications and catastrophic insurance claims industry. Which means I travel across the country on short-term assignments of less than a year, anywhere in the US. I am a permanent resident of the State of North Carolina and [...]

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