Tax Tips: 5 Rules for Deducting Business Meals

Like most business owners, you probably incur costs on wining and dining customers or clients. You’d think that this is an easy tax deduction, but you’d be wrong. The tax law is peppered with rules and limitations that curtail or prevent you from deducting meal costs you’d think would be a legitimate write off.

Here are five rules you need to know to optimize your deductions.