The U.S. IRS has published Internal Revenue Bulletin: 2021-17, which contains a notice on the temporary 100% deduction for food and beverage expenses and a revenue procedure (rev proc) concerning the foreign earned income exclusion for individuals and the waiver from meeting certain time requirements. --- HIGHLIGHTS OF THIS ISSUE These synopses are intended only as aids to the reader in identifying the subject matter covered. They may not be relied upon as authoritative interpretations. INCOME TAX Notice 2021-25, page 1118. This notice provides guidance regarding the temporary 100-percent deduction for expenses that are paid or incurred after December 31,...