IRS provides guidance on per diem rates and the temporary 100% deduction for food or beverages from restaurants
WASHINGTON — The Internal Revenue Service today issued Notice 2021-63 PDF to make clear how the temporary 100% business deduction for food or beverages from restaurants applies to taxpayers properly applying the rules of Revenue Procedure 2019-48 PDF for using per diem rates. Previously, the IRS issued Notice 2021-25 PDF providing guidance under the Taxpayer Certainty and Disaster Relief