Unraveling Entertainment Deductions

Hey folks, welcome to the Jeff Trapp Podcast. We're thrilled that you're tuning in today. We’ve got a somewhat unusual episode lined up as we gear up for the holiday weekend and 4th of July celebrations. Freedom is in the air, and what better way to kick things off than discussing what you can and can't deduct as you partake in this holiday's festivities, be it on the road or at a BBQ? As we dive into this one, you will hear Jeff discuss how an IRS whistleblower claimed Hunter Biden, President Joe Biden's son, deducted payments at strip clubs on his tax return. As part of the discussion, he'll explore how businesses can still deduct certain entertainment expenses post-2017 when entertainment expenses were revamped and deductions were curtailed. If you're looking for ways to get more deductions, tune in now. If you find this episode enlightening or amusing, give it a thumbs up, and don’t forget to subscribe and share. Always consult a tax expert for tax advice, and if you're looking for the right tax strategist you can schedule a free tax consultation here: https://thetaxplanningpros.com/contact-us. The Jeff Trapp Podcast wishes you all a stellar weekend and a joyous 4th of July. Let’s celebrate our freedom responsibly! Catch you next week.