The Retirement Plan Company (TRPC)/an ABG firm
ERISA Services, Inc.
Creative Pension Consultants, Inc.
Nova 401(k) Associates
Compensation Strategies Group, Ltd.
Nicholas Pension Consultants
Atlantic Pension Services Inc
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|Text of IRS Notice 2021-25: Temporary 100% Deduction for Business Meal Expenses (PDF)|
Internal Revenue Service [IRS]
Apr. 12, 2021
"This notice provides guidance regarding the temporary 100-percent deduction for expenses that are paid or incurred after December 31, 2020, and before January 1, 2023, for food or beverages provided by a restaurant. In particular, the notice explains when the temporary 100-percent deduction applies and when the 50-percent limitation continues to apply for purposes of Section 274 of the Internal Revenue Code[.]"
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