Law firm deduct as business entertainment expenses

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Reference no: EM131437412

Which of following costs incurred by partner Molly can Skadden Law Firm deduct as business entertainment expenses? Why and Why not?

• Molly paid for a $50 bottle of single malt whiskey delivered to client Jack’s hotel room, as a welcome gift.

• Molly paid $2,000 for 2 tickets (each ticket cost $1,000 and had $500 face values) to take her client, Bob, to an LA Kings’ hockey playoff game.

• In order to persuade Mark to retain her law firm, Molly took her husband, John, to dinner with Mark, hoping that John and Mark would make a connection, because John graduated from CSULA in 2000 and Mark graduated from CSULA in 2010 and they both had been members of the same fraternity. Molly paid $200 for the dinner.

• Molly paid $500 for a ticket, which had a $100 face value, to attend a fundraiser for a charity organization (all proceeds go to charity) that her client, Audrey, was the president.

• Skadden reimbursed Molly’s annul golf country club dues.

• Molly paid for a lavish & extravagant dinner for client Amy.

Reference no: EM131437412

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