Entertainment, Meals & Travel Expenses: Review and Update
Overview
This program reviews the statutory and regulatory guidance as they relate to fringe benefits. There will be an emphasis on entertainment, meals and business transportation expenses, including qualified employer-provided parking, with a focus on planning opportunities. Recent federal tax legislation, cases and rulings will also be addressed.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Delivery Method: Individual webcast
CPE Credit: Taxes
Program Level: Intermediate
This course is being offered by a 3rd party vendor and will not be accessible on your My CPE page. Webinar access information will be emailed directly to you by CPA Crossings.
Highlights
The major topics that will be covered in this class include:
- Definition of what qualifies as an entertainment expense
- Strategies to deduct business entertainment expenses
- Deductibility of meals
- Situations not subject to the 50% meals and entertainment reduction
- How to handle automobile issues related to employer-provided parking
- Proper accounting for deductible vs. non-deductible expenditures
- The four steps to analyze business expenses
- The latest federal legislation, cases and rulings
Prerequisites
Basic working knowledge of fringe benefit expense reporting.
Designed For
CPAs in public practice and industry seeking the latest developments on reporting entertainment and business transportation expenses.
Objectives
After attending this presentation you will be able to...
- Apply guidance of the "big picture" of qualified deductible expenses and strategies and guidance on what to do and when to do it
Preparation
None
Leader(s):
Leader Bios
Steven Dilley, CPA Crossings, LLC
Steve Dilley is President of Federal Tax Workshops, Inc. He is nationally known speaker and author on financial, accounting, and tax problems of the closely held business and individual taxpayers. Steve obtained his undergraduate accounting degree, PhD in accounting, and law degree from the University of Wisconsin-Madison and is a retired Professor of Accounting at Michigan State University. He is a member of the Michigan Association of CPAs, Wisconsin Bar Association, American Accounting Association, AICPA, American Tax Association, and Hawaii Association of Public Accountants.
Non-Member Price $89.00
Member Price $89.00