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TREAS/IRS | RIN: 1545-BP90 | Publication ID: Spring 2020 |
Title: ●Meal and Entertainment Expenses Under Section 274 | |
Abstract:
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).
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Agency: Department of the Treasury(TREAS) | Priority: Substantive, Nonsignificant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
EO 13771 Designation: Not subject to, not significant | |
CFR Citation: 26 CFR 1.274-11 26 CFR 1.274-12 | |
Legal Authority: 26 U.S.C. 7805 |
Legal Deadline:
None |
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Timetable:
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Additional Information: REG-100814-19 (Final) Drafter attorney: Pat Clinton (202) 317-4651 Reviewer attorney: Deena Devereux (202) 317-4602; and Christina Morrison (202) 317-4430 Treasury attorney: Kim Koch (202) 622-0854 | |
Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Patrick M. Clinton General Attorney (Tax) Department of the Treasury Internal Revenue Service 1111 Constitution Avenue NW., Room 4143, Washington, DC 20224 Phone:202 317-4651 Fax:202 317-4654 Email: patrick.m.clinton@irscounsel.treas.gov |