
Pay No Tax When Selling Your Business
The WealthAbility Show with Tom Wheelwright, CPA
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Can I Deduct My Meals When I Sell My Business?
Accountants and attorneys tend to deal b deal breakers. Can i deduct my you now, can i deduct the lunch i eat at home? Most people would say no. Rephrase that question: Would you like to know how you can deduct your meals that you ate at home? Now, you may not want to do that, because there are certain restrictions and certain rules that apply. However, can you do it? Absolutely. And so sitting down with a tax adviser who understands section 12 o two is going to be critical to your success.
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