How to Deduct Travel, Meals, & Entertainment Expenses NOW - 4 Hours

This program will explain the new rules for deducting and reporting travel, meals, and entertainment expenses . Documentation requirements and planning opportunities related to travel, meals, entertainment, and automobile expenses will also be addressed.

Learning Objectives

Gain insight on the "big picture" in this complex area
Distinguish the rules of determining travel expenses and deducting meals/entertainment expenses

Major Topics

- Recent legislation and developments related to reporting travel, meals and entertainment expenses
- Adequate accounting rules for reimbursements
- Accountable plans
- Reimbursement of nondeductible expenses
- Reporting travel expenses
- Simplified Per Diem
- Meals and entertainment expenses
- “Directly related to” and “Associated With” tests
- Facility vs. Activity expenses
- Nine Exceptions to Section 274
- Business Meals
- IRS Notice 2018-76
- Food and beverages during entertainment
- Mileage and Per Diem rates

CPE Credits Available

Total CPE

4: Taxes

Things to Know About This Course

Course Level

Intermediate

Prerequisites

Basic working knowledge of business expense reporting

Advanced Preparation

None

Intended Audience

Practitioners, members in industry, or personnel responsible for payroll tax reporting or determining and reviewing travel and entertainment deductions

Provider

ACPEN