Which of the following is a True statement?
A) Meals are never deductible as a business expense.
B) An employer can only deduct half of any meals provided to employees.
C) The cost of business meals must be reasonable.
D) A taxpayer can only deduct a meal for a client if business is discussed during the meal.
E) None of the choices are True.

Question

Quizplus · Accepted Answer

Employee meals can be fully deductible as compensation and meals merely need to be associated with the conduct of business.

Which of the Following Is a True Statement