Course

Guide to Deducting Travel, Meals & Entertainment

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Event Details

Thursday, August 25, 2022

12:30pm – 4:00pm
(Registration: 12:00am)

Location

Hilton Garden Inn

2465 Grant Rd

Billings, MT 59102

406-655-8800

Field of Study

  • Taxes

CPE Credit

4 hours CPE credit

Course Code

GDTM-10

Instructor

Level of Knowledge

Intermediate

Vendor

Van Der Aa Tax Ed LLC

Prerequisites

Basic working knowledge of business expense reporting.

Description

All materials will be electronic only

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

Highlights

  • Recent tax legislation, rules and developments impacting travel and meals expense reporting
  • Adequate accounting rules for reimbursements, including accountable plans, going paperless, reimbursement for non-deductible expenses
  • Reporting travel expenses: travel status, simplified per diem
  • "Directly related to" and associated with" tests
  • Facility vs. activity expenses
  • 9 exceptions to Section 274
  • Business meals: IRS Notice 2018-76
  • 2021 mileage and per diem rates

Objectives

Upon completion of this course you will be able to:?

  • Gain insight on the "big picture" in this complex area.
  • Distinguish the rules of determining travel and entertainment expenses.
  • Know what to do and when to do it.

Designed For

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

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