Example 1. You spend $200 for a business-related meal. If $110 of that amount is not allowable because it is lavish and extravagant, the remaining $90 is subject to the 50% limit. Your deduction cannot be more than $45 (50% Ã $90).
Sports Concie, LLC is a Dallas, TX based Corporate Solutions Firm. The founding partners are U.S. Marine Corps veteran Christopher Crawford and Shey Feherty. Our clients are exposed to high profile individuals and corporations with comprehensive and superior services to both groups.
Heâs the sole owner of Landryâs Inc. Fertitta is the Houston-based CEO and owner of Landryâs, Inc., one of the largest restaurant corporations in the United States. From there, his portfolio has expanded to include more than 500 restaurants, Golden Nugget casinos, hotels, and other locations across the country.