Course

Deducting Travel, Meals & Entertainment After Tax Reform

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Event Details

Wednesday, August 19, 2020

8:00am – 11:30am
(Registration: 7:30am)

Location

Holiday Inn

1100 5th St S

Great Falls, MT 59405

406-727-7200

Field of Study

  • Taxes

CPE Credit

4 hours CPE credit

Course Code

DTNE-27

Instructor

Level of Knowledge

Intermediate

Vendor

Van Der Aa Tax Ed LLC

Prerequisites

Basic working knowledge of business expense reporting.

Description

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 expense
  • Reporting travel expenses: travel status, simplified per die
  • Meals and entertainment: "directly related to" and associated with" tests; facility vs. activity expenses; TCJA elimination of most entertainment expenses; 9 exceptions to Section 274
  • Business meals: IRS Notice 2018-76
  • 2020 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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