During 2023, Stork Associates paid $60,000 for a 20 -seat skybox at Veterans Stadium for...
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During 2023, Stork Associates paid $60,000 for a 20 -seat skybox at Veterans Stadium for eight professional football games, Regular seats to these games range from $80 to $250 each. At one game, an employee of Stork entertained 18 chients. Stork furnished food and beverages for the event at a cost of $1,300. The game was preceded by a bona fide business discussion, and all expenses are adecuately substantiated: How much mav Stork deduct for this event? x Feedoxd rohed.My Work Many taxpayers attempt to deduct personal entertainment expenses as business expenses. For this reason, the tax faw restricts the deductibility of entertainment expenses
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