Sentences with phrase «substantial business discussions»

A deduction for expenses incurred for meals or entertainment is allowed only if the expenses are (1) directly related to the active conduct of business or (2) associated with the active conduct of business and directly precede or follow substantial business discussions.

The entertainment event takes place before or after a substantial business discussion.

Not exact matches

The business discussion during the meal or entertainment must be substantial.

And as you may recall, the small business investment is actually what spurred the whole discussion on my investments since it will require liquidating a substantial amount of my taxable brokerage investments and a subsequent re-balancing of the rest of my portfolio.

However, it must be directly before or after a substantial and bona fide business - related discussion.

A business discussion will not be considered substantial unless you can show that you actively engaged in the discussion, meeting, negotiation, or other business transaction to get income or some other specific business benefit.

Whether a business discussion is substantial [for the purposes of the associated test] depends on the facts of each case.

The meeting does not have to be for any specified length of time, but you must show that the business discussion was substantial in relation to the meal or entertainment.

In addition, we clarify that if the assigned work station of persons under contract is on the covered entity's premises and such persons perform a substantial proportion of their activities at that location, the covered entity may choose to treat them either as business associates or as part of the workforce, as explained in the discussion of the definition of business associate.