Thursday, June 9, 2011


Q. I received an invitation for a free meal at an investment seminar. Is this taxable, if I go?

A: No. The event is governed by the tax rules for meal and entertainment expenses. Therefore, as the recipient of the meal, you don’t owe any income tax on this benefit. But, it’s not completely “free”. Undoubtedly, you’ll have to listen to a sales pitch from a financial planner, plus, you may have to endure follow-up contacts.