Know the Rules to Deduct Event Ticket Costs

“Headed to the Final Four or Shell Houston Open? Know the Rules to Deduct Event Ticket Costs” by Cory Bunyard in the Houston Business Journal (April 1, 2016) 

Whether you spend the weekend at the Shell Houston Open or catching a NCAA Final Four game at NRG Stadium, time spent with current or potential business associates at such live entertainment events builds and sustains business relationships.

While Internal Revenue Code recognizes ticket costs incurred for such activities as legitimate business expenses, employees and employers must adhere to established criteria and processes for claiming and deducting such costs.

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