In a 2018 blog post, I interviewed Steve Hoffman, a tax preparer and food writer, about tax issues, freelancing, and how the new tax law might affect people in our industry. Of most concern was whether we food writers could still write off business meals.
First there was bad news, but now there’s good news. Steve said he didn’t think the IRS would let us write off business meals anymore. But later in the year, the Internal Revenue Service (IRS) clarified the new law, to our advantage.
Here’s how Steve puts it: “The new tax law eliminated any deductions for entertainment, which most tax preparers originally interpreted to mean both meals and entertainment. Under the prior law, sole proprietors and small businesses could [Read more…] about Update: Yes, You Can Still Write Off Business Meals