Can my Business deduct Meals?

Meals as business deductions?
This answer is "it depends!"

NOTE The IRS has ruled that the business Meal deduction for discussing business doesn't count with family!

Meals with others

The IRS has guidelines and tests that help you correctly deduct your meals. These include:

• Considering the business context, the meal must not be lavish or extravagant
• The expense must be an ordinary and necessary expense, incurred to carry on a trade or business
• Food and beverages must be purchased separately from entertainment in the case that the entertainment activity provides food and beverages. You must state the cost of the food and beverages separately from the cost of the entertainment on the receipt or invoice. Entertainment expenses are non-deductible
  
• The other party must always be a current or potential client, business contact, or consultant.

Meals on business trips

Note that a business trip is one where you travel away from your tax home, overnight for business. For your travel to be considered a business trip, you must travel outside the general location of where your business is located, outside city limits. 

• Meals while traveling away from home on business (whether eating alone or with others) 

• Meal at a business convention or business league meeting

See also Can my Business deduct travel?
See also Can my Business deduct Chiropractic, Spa, or other medical expenses to keep me healthy?
See also Can my Business deduct charity/pro-bono work for which I was never paid?
See also Can my (non S-Corp) LLC deduct my home office and use of my personal vehicle?
See also Can S-Corp Owners' deduct medical premiums through their business?
See also Can my S-Corp deduct my home office and use of my personal vehicle? Intro to Accountable Plans