Have Fun, Eat Well and Deduct it From Your Taxes

One of the advantages of running your own business is taking lots of tax deductions. And some are pretty cool — like those for meals and entertainment (M&E).

Yet, the IRS has long kept a suspicious eye on this area. Let’s face it, there are likely many instances when the deductions are far from legit. In other words, you need to understand the rules, which can get complicated and sometimes laughable.