This policy is under Revision and Review 4/2017. Business meal and entertainment expenses may be allowed if ordinary, necessary, and reasonable. The main purpose of the expense must be the active conduct of business with the general expectation of generating revenue or other specific business benefit at some future time. Engagement in business should exist directly before, directly after, or within the entertainment period.
Policy Category: Financial
Policy Owner: Office of Finance
Review Period: Two Years
Effective Date: April 1, 2017
IRS Publication 463, Travel, Entertainment, Gift, and Car Expenses, chapter 2 Entertainment
IRS Publication 463, Travel, Entertainment, Gift and Car Expenses, Chapter 6 How To Report
IRS Publication 15-B, Employer's Tax Guide to Fringe Benefits, De Minimis (Minimal) Benefits