Ivy Ting-Wimberly

Tax Reform Allows Bigger Vehicle Deductions

Tax Reform Allows Bigger Vehicle Deductions Finally, lawmakers did the right thing by increasing the luxury auto depreciation limits on business cars. The old luxury limits were unrealistic, punitive, unfair, and discriminatory against any car that cost more than...

Tax Reform Allows 100 Percent Deductions for Presentation Expenses

Tax Reform Allows 100 Percent Deductions for Presentation Expenses Tax reform did much damage to tax deductions for business entertainment and meal expenses. But meals served at business presentations survived the entertainment and prospect and client meal...

Tax Reform Cuts Business Tax Deductions for Charity Golf Outings

Tax Reform Cuts Business Tax Deductions for Charity Golf Outings You likely know that the recent reform did away with business tax deductions for prospect and client golf. But did you know that charity golf is gone too? Buried in tax reform is the elimination of the...

Tax Reform Destroys Entertainment Deductions for Businesses

Tax Reform Destroys Entertainment Deductions for Businesses First, lawmakers reduced the directly related and associated entertainment deductions to 80 percent with the 1986 Tax Reform Act. Later, in 1993, they reduced that 80 percent to 50 percent. And now, with...

Tax Reform Cuts Deductions for Employee Meals to 50 Percent

Tax Reform Cuts Deductions for Employee Meals to 50 Percent Tax reform (Public Law 115-97) includes winners and losers. Employers who for their convenience provided business meals for their employees are losers—50% losers to start and then total losers later. Meal...