Celebrate the Holidays on Uncle Sam’s Dime
It’s that time of the year, when enthusiastic office workers decorate the office with colorful post-it notes, make-shift holiday trees, and ornaments on cubicles. But while decorations can add a treat to your workplace’s holiday spirit, nothing is appreciated more than capping it off with a holiday party for your employees.
So why not throw a holiday party and write off the expenses? It’s the IRS’ way of having a little holiday spirit. Just abide by some rules and your party-related expenses can be deducted at tax time:
Holiday parties can be an enjoyable event for a business’s employees, and Uncle Sam is willing to pick up part of the tab.
If you have back tax debt, Uncle Sam may also pick up part of the tab – if you hire a tax attorney. If not, you could end up with a lump of coal like a wage garnishment or bank levy in your Christmas stocking.
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