Taxes: Easing Expense Accounts

Internal Revenue Commissioner Mortimer Caplin, a onetime amateur boxer who has been taking some quick professional jabs at expense-account living, last week issued his "final" rules on tax deductions for business entertainment. Every time Caplin has tried before to clarify what can or cannot be written off, he has only upset more businessmen, who are inconsolable anyway. This time, under pressure from the hotel and restaurant lobbies, he taxed himself to show sweet reasonableness by liberalizing the rules. Businessmen will find it easier than they had thought to charge off casual lunches, parties at home or a night out...

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