The Boston Bruins’ Meal Expenses Set Precedent for De Minimis Fringe Benefits

The U.S. Tax Court recently held in Jacobs v. Commissioner[1] that the owners of the Boston Bruins, a National Hockey League (NHL) franchise based in Boston, could deduct the full amount of expenses spent on meals for players and all traveling staff at hotels during away games. The limitation on meal and entertainment expenses and…

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