By Ben Kinsey, CPA
|Image courtesy of flickr|
One of the perks of being a business owner is being able to write off meals when you travel for business or take a client out for lunch. That’s the good news. The bad news is that the IRS rules for deducting meals are complicated. Get them right and you can enjoy that free lunch you’ve always heard about. Get it wrong and you can wind up running afoul of those same regulations, which could cost you deductions or even give the IRS cause to begin an audit that could well eat your lunch. Below is some food for thought regarding meals.