The IRS has issued final regulations on the business expense deduction for meals and entertainment. The Tax Cuts and Jobs Act generally eliminated the deduction for expenses related to activities generally considered entertainment or recreation. However, taxpayers may still deduct some business expenses related to food and beverages. The final regs address the disallowance of the deduction for expenses related to entertainment or recreation, including the applicability of certain exceptions to the disallowance. They also provide guidance to determine whether an activity is considered entertainment. Also addressed is the limitation on the deduction of food and beverage expenses.