The U.S. IRS and Treasury have issued proposed regulations (REG-100814-19), published in the Federal Register on 26 February 2020. The proposed regulations provide guidance in relation to the elimination of the deduction for entertainment expenses and the limitation on the deduction of meal expenses resulting from amendments made by the Tax Cuts and Jobs Act. Written or electronic comments on the regulations must be submitted by 13 April 2020 --- SUMMARY: This document contains proposed regulations that provide guidance under section 274 of the Internal Revenue Code (Code) regarding certain statutory amendments made to section 274 by 2017 legislation. Specifically,...