Discussion:Chef/Restaurant Manager 2106 Business Expense
From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.
From TaxAlmanac
(Difference between revisions)
| Revision as of 20:37, 13 April 2006 Stevo (Talk | contribs) (New Discussion) ← Previous diff |
Revision as of 20:51, 13 April 2006 Foxttron (Talk | contribs) (50%. Only if it) Next diff → |
||
| Line 4: | Line 4: | ||
| {{ForumNewPost|UserID=Stevo|Date=13 April 2006|Text=Any thoughts on a chef or restaurant manager deducting 100% of meals out in competing restaurants as an employee business expense on Form 2106 (to get restaurant ideas and network(in a small town)). What about 50% deduction? | {{ForumNewPost|UserID=Stevo|Date=13 April 2006|Text=Any thoughts on a chef or restaurant manager deducting 100% of meals out in competing restaurants as an employee business expense on Form 2106 (to get restaurant ideas and network(in a small town)). What about 50% deduction? | ||
| Thanks}} | Thanks}} | ||
| + | |||
| + | {{ForumReplyPost|UserID=Foxttron|Date=13 April 2006|Text=50%. Only if it is part of his job description and his employer does not reimburse him. It seems strange that an employed chef will go to other restaurants to get idea without the approval and/or reimbursement from his employer. The IRS will carefully look also at the amount charged for this meals, if he was dining by himself (cannot have guests if "research" is his motive), the frequency etc. | ||
| + | It seems to me a red flag (Chef - Meals deduction), but I may be wrong.}} | ||
Revision as of 20:51, 13 April 2006
Discussion Forum Index --> Tax Questions --> Chef/Restaurant Manager 2106 Business Expense
| 13 April 2006 | |
| Any thoughts on a chef or restaurant manager deducting 100% of meals out in competing restaurants as an employee business expense on Form 2106 (to get restaurant ideas and network(in a small town)). What about 50% deduction?
Thanks | |
| 13 April 2006 | |
| 50%. Only if it is part of his job description and his employer does not reimburse him. It seems strange that an employed chef will go to other restaurants to get idea without the approval and/or reimbursement from his employer. The IRS will carefully look also at the amount charged for this meals, if he was dining by himself (cannot have guests if "research" is his motive), the frequency etc.
It seems to me a red flag (Chef - Meals deduction), but I may be wrong. | |
