Deducting Travel, Meals and Entertainment Expenses After Tax Reform (4 hours)

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Apr 21, 2020

Registration: 4:30 AM / Program: 5:00 AM - 9:00 AM

Fees

Member Fee: $0.00
Nonmember Fee: $0.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: None

Description

This program explains the rules for deducting travel, meals and entertainment expenses after the 2017 Tax Cuts and Jobs Act disallowance of business entertainment expenses.  Documentation requirements and planning opportunities related to travel, meals, entertainment, and automobile expenses will also be addressed.

Designed For

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

Objectives

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

Major Subjects

  • Adequate Accounting rules for reimbursements
    • Accountable Plans
    • Reimbursements
    • Going Paperless
    • Reimbursement of non-deductible expenses
  • Travel Expenses
    • Travel Status
    • Simplified Per Diem
  • Meals and entertainment expenses.
    • “Directly related to” and “Associated With” tests
    • Definition of Entertainment Expenses
    • Facility vs. Activity expenses
    • TCJA Elimination of most Entertainment Expenses
    • 9 key exceptions to Section 274
  • Business Meals
    • IRS Notice 2018-76
      • With Customers & Clients
        • Food and Beverages during entertainment
      • What about staff and Employees?
    • Upcoming Regulations
  • 2019 mileage and Per Diem rates

This event has already passed. If you have any questions, please contact us at 503-641-7200 or email profdev@orcpa.org.