Proposed regs. issued on meal and entertainment expense deductions

IRS Tax News – Proposed regs. issued on meal and entertainment expense deductions
The IRS issued proposed rules clarifying that taxpayers may generally continue to deduct 50% of the food and beverage expenses associated with operating their trade or business, despite changes to the meal and entertainment expense deduction under Sec. 274.
Source: IRS Tax News – Proposed regs. issued on meal and entertainment expense deductions