I understand the response below, but why is it a
corporation/ partnership can deduct stockholder/partner
meeting expenses including refreshments, but a partnership
(club) cannot? Isn't this being overly conservative?

IraS1@aol.com wrote:
> I'm not sure why I would have referenced those pages with regard to
> (dis-)allowed expenses. Instead look at pages 35-37. The only deductible
> expenses are those that are directly related to the production of taxable
> income. Eating a meal isn't one of them. That's a personal living expense.
>  
> Ira Smilovitz
>  
>
> In a message dated 03/10/08 2:43:02 P.M. Eastern Daylight Time,
> acklages@bivio.com writes:
> Several
> weeks ago you advised that meal expenses were not deductible and quoted IRS
> Pub 550, pages 26 & 27.
>
> I looked this over and couldn’t find any
> reference to expensing.
>
> Could you please help me out on
> this?
>
>
>
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