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INReview > The Scuttlebutt Lounge > Politics & Government > Taxes > meals and entertainment

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sourdo
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Registered: Feb 2007
Local time: 01:12 PM
Location: Alaska
Posts: 2

meals and entertainment

post #1 quote:

In 2006 I have done some freelance work and thus self employed. In some of my work I was doing some teacher training. The company contracting work to me paid me a fee plus all of my expenses. My question is are my meals 100% deductible since I was reimbursed for them? All I can see is I can claim 50%, but that don't seem right for my situation.

Thanks
Sourdo

02-25-2007 03:12 AM

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Aggie1978
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Registered: Nov 2005
Local time: 04:12 PM
Location: Texas
Posts: 47

post #2 quote:

You might check with a CPA or a tax consultant to be sure, but I think you cannot claim any business expense for meals since you were reimbursed for them.

02-25-2007 04:30 AM

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sourdo
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Registered: Feb 2007
Local time: 01:12 PM
Location: Alaska
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post #3 quote:

sorry I didn't make this clear, but the amount I was paid included the expenses incured along with my fee, thus not being taxed on those expenses would be a "wash".

I will be checking with an accountant as its all confusing!

Thanks.

02-25-2007 06:50 AM

Time: 10:12 PM

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