Which of the following statements is correct regarding the deductibility of meals when a taxpayer is traveling for business?.
The cost of meals is NOT deductible because a taxpayer would have to eat whether they were home or away from home.
The cost of meals is fully deductible if the taxpayer is away from home overnight.
Fifty percent of the cost of meals is deductible only if there is a business associate with the taxpayer ...
Fifty percent of the cost of meals is deductible if the taxpayer is going to be away from home overnight
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Home » Business » Which of the following statements is correct regarding the deductibility of meals when a taxpayer is traveling for business?. The cost of meals is NOT deductible because a taxpayer would have to eat whether they were home or away from home.