1)

Which of the following will qualify as a deductible business meal expense?

Wyatt's receipt shows one charge for the $300 he paid his country club for a morning of golfing and lunch with a client.

Shawn purchased suite tickets to a basketball game that included food and drinks. He invited his business contact, Mike.

Marlon invited his business contact, Craig, to a baseball game. He purchased a ticket package that included food and drinks.

Bill took his client to a nightclub for dinner and drinks. Bill has individual receipts for the food and drinks separate from the show.

2) Which of the following, if placed into service in 2021, is listed property?

A computer.

Store display shelves.

A taxi cab.

A video camera.

3)

Circular 230, Subpart B:

Prohibits practitioners from advertising tax preparation services.

Requires practitioners to provide the Secretary of the Treasury with information to investigate possible tax identity theft.

Prohibits practitioners from charging unconscionable fees.

Prohibits practitioners from providing financial planning services.