The Tax Court held that, under applicable revenue procedures, the entire per-diem travel allowance paid by a trucking company to its drivers was subject to the 50% deduction limit on meals and entertainment expenses, because it was computed on the same basis as wages.
What does M&E stand for?
M&E stands for Meals and Entertainment
This definition appears frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of M&E
- Mom & Dad
- Machine and Equipment
- Maintenance & Engineering
- Maintenance and Enhancement
- Management and Economics
- Manufacturing & Engineering
- Maritime and Energy (industry sector)
- Mark & Execute (Splinter Cell: Conviction)
- Material and Energy
- Material and Equipment
- Meat and Eggs (diet plan)
- Mechanical & Electrical
- Media & Entertainment
- Meetings and Events
- Metaphysics and Epistemology (philosophy)
- Metcalf & Eddy (Wakefield, Massachusetts environmental consulting firm)
- Monitoring and Evaluation
- Morris & Essex Line (New Jersey Transit commuter rail line)
- Mortality and Expense (risk)
- Music and Effects
Samples in periodicals archive:
Federal tax planning for meals and entertainment expenses.
I would now like to respond to matters raised in Chairman Gonzalez's October 21 letter to me regarding our policy on meals and entertainment and our ethics officer.
Are the company's accounting procedures insufficient for it to accumulate the amount of all meals and entertainment expenses subject to the 20% statutory disallowance?
In the committee reports to the Tax Reform Act of 1986, the House of Representatives explained that it was proposing the 20% reduction for meals and entertainment because there is an inherent element of personal living expenses in such deductions.