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Tax Research Project B Meals and Entertainment Ariel Spruce is the CFO for one of your clients, Busker Bower. Ariel noticed that the some
Tax Research Project B Meals and Entertainment Ariel Spruce is the CFO for one of your clients, Busker Bower. Ariel noticed that the some of the company's expenses include expenditures for marketing managers taking clients to restaurants and tickets for attending UNL sporting events. The marketing managers have submitted documentation for each meal and event which meets the IRS requirements for meals and entertainment expenses documentation. The company is also planning on providing food to employees during an employee meeting in 2022. Ariel is not sure how much, if any, of these expenditures are deductible for tax purposes. Since there have been so many tax changes lately, Ariel would like you to research the following issues.
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