Please reload

Recent Posts

Real Estate Investor or Real Estate Dealer

November 14, 2018

Please reload

Featured Posts

Gifts to Clients

September 14, 2017

If you give gifts in the course of your trade or business, you can deduct all or part of the cost. You can deduct no more than $25 for business gifts you give directly or indirectly to each person during your tax year. Incidental costs, such as engraving on jewelry, or packaging, insuring, and mailing, are generally not included in determining the cost of a gift for purposes of the $25 limit. Example. Bob Jones sells products to ABC Company. He gave ABC Company three gourmet gift baskets to thank them for their business. He paid $80 for each gift basket, or $240 total. Three of Local Company's executives took the gift baskets home for their families' use. Bob can deduct a total of $75 ($25 limit × 3) for the gift baskets.

U.S. Department of the Treasury. Internal Revenue Service. (2016) Publication 463: Travel, Entertainment, Gift, and Car Expenses (Cat. No. 11081L). 


EZ Tax & Accounting, Inc.

3520 College Blvd., Suite 204

Oceanside, CA 92056






Share on Facebook
Share on Twitter
Please reload

Follow Us
Please reload

Search By Tags
Please reload

  • Facebook Basic Square

© 2017 by EZ Tax & Accounting, Inc.


Tel:         760-842-7885
3520 College Blvd., Suite 204 

               Oceanside, CA  92056

Contact Us