Tag Archives: deduction

Food and Drink?

April 11, 2018 Roy A. Ackerman, Ph.D., E.A. 14 Comments

It would help if the IRS were a fully funded agency. But, for the past four years or so, it has suffered because the GOP claims (FAKE NEWS) that WrongWing (non-)charities had a tough time getting approved as non-profit entities. The GOP feels that these Political Action Committees (PAC) were chosen for special scrutiny. (FACT: All these fake charities that are really aimed at promoting political candidates from the Left, the Right, and the Middle were subject to the same extra scrutiny.)

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This was a 22 Skidoo!

February 7, 2018 Roy A. Ackerman, Ph.D., E.A. 14 Comments

I admit it. We’re in trouble.

Now that I’m saying that- you are in trouble, too. As a matter of fact, every business, every entrepreneur, every solopreneur is in trouble.

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100% Deductible?

July 17, 2017 Roy A. Ackerman, Ph.D., E.A. 12 Comments

Running a business? Then, you know that money you spend for meals – or entertainment- that are business related are not fully deductible. Oh, sure, if you spend $ 100 wining and dining a client, your profits have been reduced by $ 100. Except that’s not how it appears on your Schedule C or Form 1120 or Form 1065. Because only 1/2 of that expense is deductible.

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