Final answer:
The criteria for a tax-deductible business meal include that the expense is ordinary and necessary, not lavish, with business presence, business purpose, and detailed records maintained.
Step-by-step explanation:
The criteria for a tax-deductible business meal typically requires that the meal is an ordinary and necessary expense incurred during the conduct of business, is not lavish or extravagant, and that the taxpayer or an employee of the taxpayer is present at the meal. In addition, there should be a business purpose or a direct business benefit expected as a result of the meal. After the meal, it is important to keep detailed records that include the amount of each expense, the date and place of the meal, the business relationship of the person or people entertained, and the business purpose or benefit gained.