Person: $16k for food is part of standard deduction. No deduction for car or rent if you are an employee.
Corporation (which is legally treated as a person): $150k for food for one party. $150k for CEO’s Mercedes. $500k for condo for ceo to use when visiting.
Person: $16k for food is part of standard deduction. No deduction for car or rent if you are an employee.
Corporation (which is legally treated as a person): $150k for food for one party. $150k for CEO’s Mercedes. $500k for condo for ceo to use when visiting.