Take a Bite Out of Your Taxes

I love to eat. I get as excited about a new restaurant as some people get about the Super Bowl (sorry to any fans, but neither team interests me this year). So the idea of being able to write off a good meal is right up my alley. But even though the IRS allows businesses to deduct 50 percent of the cost of meals and entertainment expenses incurred as a cost of doing business, being cautious is key. This article in the Charlotte Business Observer lists five essential points you should cover to substantiate a meals or entertainment deduction.