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Tracy's Tax Service
FAQ and Links
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FAQ and Links

This page will have answers to common questions as well as links to associations to provide additional information on financial services.

E-filing for Income taxes for 2007 begins January 11th, 2008. Appointments are available starting January 9th.

Ask the Advisors

I'm often asked "How do I track my business expenses for entertainment and meals?".

It is important to justify the expense by following the requirements of tax laws:
 A business meal must be arranged for the purpose of conducting specific business.
 You must discuss business before, during, or after a business meal to qualify for the business meal deduction.
The meal must take place in surroundings conducive to a business discussion.
You must adequately substantiate your meal or entertainment.  It is good practice to keep your receipts.
Here is an example of how to document the meal or entertainment in order for it to be deductible.

  • Who was entertained (business relationship)?
  • Where did the entertainment take place?
  • When did the entertainment take place?
  • Why did the entertainment take place (business purpose)? ,
  • How much did the entertainment cost?

Helpful Links

Additional Resources:

IRS Official Website

State of Utah Tax Commission

Tracy's Tax Service, LLC 1765 N Washington Blvd
North Ogden, UT 84414 (801)686-1995