Final regulations that provide guidance under section 274 of the Internal Revenue Code regarding certain statutory amendments made to section 274 by 2017 legislation. Specifically, the final regulations address the elimination of the deduction under section 274 for expenditures related to entertainment, amusement, or recreation activities, and provide guidance to determine whether an activity is of a type generally considered to be entertainment. The final regulations also address the limitation on the deduction of food and beverage expenses, including the applicability of the exceptions in section 274(e).