The U.S. IRS has announced the issuance of final regulations on the deduction for meals and entertainment, which are pending publication in the Federal Register. --- IRS issues final regulations on the deduction for meals and entertainment IR-2020-225, September 30, 2020 WASHINGTON — The Internal Revenue Service issued final regulations on the business expense deduction for meals and entertainment following changes made by the Tax Cuts and Jobs Act (TCJA). The 2017 TCJA generally eliminated the deduction for any expenses related to activities generally considered entertainment, amusement or recreation. However, taxpayers may still deduct business expenses related to food and...