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Discussion in 'Business Operations' started by Gene $immons, Mar 5, 2006.
Say I go to McDonalds and either buy lunch for myself, or for my crew. Is this a tax write off?
Ask an accountant.
My CPA said that you either had tyo have abusiness metting wich could include safety meeting type or and over so many miles from home location think she said 50 mile but not for sure Have a great day.
...the typical McDonald's lunch is not a write off
Lunch IS a write off but you MUST talk business during the lunch you wish to deduct. Just getting lunch for yourself is NOT deductable. First I ever heard of the 50 mile clause. Hope this helps.
Yes lunchs can be. We are a incorporation and I have to show so many minutes of meeting a month. I try to have one a week!
I take that back ...Yes you can claim meals (not just lunch) if you are out of town (on the road). That 50 mile rule is probably correct. Sorry for the mix-up.
You can not write off yourself, especially on a daily basis unless you are out of town on business. However, if you take the crew to lunch and have a meeting, you can write it off as an expense. Need to keep receipt and put who and when on the receipt.
What if you bought a bunch of deli meats and cheese's for the guys once a month? Would that be deductible. Business would be discussed of course.