Entertainment Expense Law and Legal Definition
Entertainment expense is an ordinary and necessary business expense. Such an expense will be by way of entertainment, amusement, or recreation furnished a customer, client, or prospective customer or client. It is a deduction in an income tax return.
Legal Definition list
Related Legal Terms
- Above the Line Costs (Entertainment Law)
- Additional Living Expense Insurance
- Administration Expenses [Probate]
- Administrative Expense Claim
- Allocated Loss Expense
- Allowable Medical Expenses
- Ancillary Right (Entertainment Law)
- Answer Print ( Entertainment Law)
- Architectural and Transportation Barrier Removal Expenses [Internal Revenue]
- Aspect Ratio ( Entertainment Law)
