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Business Meals Track Form DOC

Business Meals Track Form DOC

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hey everybody welcome back hope you're having a great day today we're going to talk about meals and how to make them deductible so the general premise behind a meal being deductible is that there's a business purpose behind it but how do you document that what do you need to make sure that if you do get audited that it holds up because really anything's our write off if you want it to be until you get audited you in the IRS comes knocking and then whatever you wrote off if you don't actually have documentation for it you're going to be cutting the check so to have a meal be deductible it takes five things the first three are generally on the receipt and that's the place where you met the date and the amount of expense that you had those three are on the receipt the last two are who you met with and what you discussed that was the business purpose so those two are usually in your head and so what we recommend you do is you just wri

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