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100% deductible meal expense

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    100% deductible meal expense

    I understand that employers may dedcut 100% of meals when provided for employees at work location.

    What about a wholly owned corp with one employee who is the shareholder? Should the sole shareholder deduct some of his lunches while at his place of employement? Or is expense to much of a persoanl nature be deductible?

    (Please forgive me if this topic has already been covered.)

    #2
    No dead cutting here

    Originally posted by Skate1968 View Post
    I understand that employers may dedcut 100% of meals when provided for employees at work location.

    What about a wholly owned corp with one employee who is the shareholder? Should the sole shareholder deduct some of his lunches while at his place of employement? Or is expense to much of a persoanl nature be deductible?

    (Please forgive me if this topic has already been covered.)
    While a corporate employer may deduct such meal expenses IF for his convenience,
    this doesn't work for a 2%+ shareholder. Otherwise, I'd be writing off my peanut butter
    and crackers I'm having for lunch right now!
    ChEAr$,
    Harlan Lunsford, EA n LA

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      #3
      Thanks ChEAr!!!

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