Assuming proper documentation is maintained, Joe may deduct
Joe is a self-employed tax attorney who frequently entertains his clients at his country club. Joe's club expenses include the following:
A) $2,000.
B) $2,600.
C) $5,300.
D) $4,000.
A) $2,000.
He gets no deduction for the dues, golfing fees, or the personal meals. Business meals are 50% deductible for self-employed individuals. ($4000 × .50) = $2,000
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a. True b. False Indicate whether the statement is true or false
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