Business Meetings What is the IRS definition of a business meeting? A: The IRS says a business meeting is an event where "the taxpayer [whether it be the sponsor or attendee] is benefiting or advancing the interest of his trade or business." Business must be the primary purpose for attendance. "I want you to emblazon in your memory the three words: trade or business," says Jonathan T. Howe, Esq., senior partner for Howe & Hutton Ltd. in Chicago. "Everything you do at a meeting should ...

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