The U.S. IRS has published Internal Revenue Bulletin: 2021-17, which contains a notice on the temporary 100% deduction for food and beverage expenses and a revenue procedure (rev proc) concerning the foreign earned income exclusion for individuals and the waiver from meeting certain time requirements.
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HIGHLIGHTS OF THIS ISSUE
These synopses are intended only as aids to the reader in identifying the subject matter covered. They may not be relied upon as authoritative interpretations.…