Area Man Treats Colleague to Dinner, Drinks

The three-martini lunch has a long and mostly honorable history as a deductible business expense. As former President Gerald Ford once said, “Where else can you get an earful, a bellyful, and snootful at the same time?” Ford’s successor, famed buzzkill Jimmy Carter, tried (and failed) to cut the deduction from 100% to 50%. The […]