Meals and entertainment are common business deductions. Yet, because of the complex nature of the Internal Revenue Code and ever-changing IRS regulations and rulings, taxpayers have to go to uncommon lengths to determine the amount of their allowed deduction. This course clarifies how to best maximize the deduction for gifts, meals, and entertainment. Upon completing this course, you will: Be able to describe the rules surrounding the deductions for meals and entertainment, including the limitations imposed on these expenses Understand the limited deduction available for business gifts