Course

Deducting Travel, Meals & Entertainment Expense Reporting - Virtual Only

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Event Details

Wednesday, August 19, 2020

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

Location

Facility Pending

Great Falls

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

After much thought, MSCPA has decided to take all our CPE Classes till the end of December 2020 to virtual, this includes all conference. The risk of COVID-19 is just too high and we would not want any of you to get sick at one of our classes. All materials will be electronic.

This program will explain the new rules for deducting travel, meals and entertainment expenses and the TCJA disallowance of business entertainment expenses, as well as the most recent regulations issued March, 2020. 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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