For taxpayers desiring to establish
for purposes of Sec. 274(n) (2), (A), (C), (D), or (E) that a
portion of the total amount of substantiated expenses incurred for
meals and entertainment is excepted from the 50% limitation of Sec.
274(n), the revenue procedure requires that taxpayers maintain
adequate documentation to support the statistical application,
sample unit findings, and all aspects of the sample plan.
US Code:
26
USC 274(n) Name of Law: Only 50 percent of meal and
entertainment expenses allowed as deduction
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.