TAX QUESTIONS

1. Businessperson incurs the following 162 business deductions. To what extent does 274 limit their deductibility?

1. B takes client to lunch and a ballgame and, to Clients dismay, discusses business most of the time.
2. B takes an education course in another town incurring transportation, meals, and lodging expenses.
3. B purchases gifts costing $55 each for significant clients.
4. B purchases airplane which is used 60% of the time for business travel and 40% of the time for client entertainment.
5. B provides employees with qualified parking which is excluded from their gross income under 132(a)(5).