What are the tax issues for the following case: Carol and Jerry, LLP, pays the...
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Accounting
What are the tax issues for the following case:
Carol and Jerry, LLP, pays the Good Eats Cafe each month for the lunches the two accountants eat there each work day. Whle at lunch, Carol and Jerry always discuss some business. Often, Carol and Jerry invite friends who work at other CPA firms to join them, so they can keep up with what is happening in the accounting community.what are the tax issues for this case? also can an LLP deduct the meal xpense. Or should the partners just put the meals on schedule A.
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