| Is entertaining clients at vacation home deductible? I am 100% convinced that in the event of an Audit, these expenses would be found to be non-deductible and according to the IRS strong arm tactics, you the Preparer will have to bear the consequences of being Fined at least Tier 1 penalty of $1,000. Not, to mention that you will have to make a disclosure on the tax return claiming this deduction.
Its really not worth the pain to attempt to appease the client on this! No is my answer! |