Business Travel and Entertainment - Mini CourseCode: 16-BUSTRAV2

Price: $19.95
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Course Details

55 pages

Course description and objectives:

Taxpayers are once again looking to CPAs for guidance and planning related to travel and entertainment expenses. This comprehensive mini-course examines and explains the practical aspects of business travel and entertainment deductions. To determine the expenses that taxpayers are able to deduct, fundamentals are reviewed and planning opportunities are identified. Practitioners will learn to master the proper administration of these complex and often cumbersome provisions.

Course Objectives:

After reading the materials, participants will be able to:

    1. Identify the away from home requirement listing eligible deductions, distinguish transportation and travel expenses contrasting the caselaw and IRS test for tax home and compare temporary versus indefinite work assignments demonstrating their affect on a tax home.
    2. Summarize the business purpose requirement emphasizing the 51/49 percent test, discuss deductible conventions and meetings, and specify the limitations applied to meals and lodging when traveling to insure client compliance.
    3. Define business entertainment applying the deductibility tests of 162 and identify business entertainment activity deduction restrictions to avoid later disallowance.
    4. Explain deduction limitations including the percentage reduction for meals and entertainment expenses, list miscellaneous itemized business deductions and expenses associated with an entertainment facility, and describe employee expense reimbursement and reporting options including available federal per diem rates while noting the special treatment given to self-employed persons.
     

 

 

Presentation Method:   Self-Study

 

Category:  Taxation

CPE credit:  2 Hours

Program Level:  Update

Prerequisites:  None

Advance Preparation:  None

Exam expiration date:  Participants must submit exams for grading within one year from the date of purchase

For more information regarding refunds, complaints, or cancellation policies, please contact our offices at 817-477-0222.

American CPE, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.   Complaints regarding registered sponsors may be addressed to:  National Registry of CPE Sponsors, 150 Fourth Ave. North, Nashville, TN 37219-2417.  Web site:  www.nasba.org

NASBA Sponsor number 108096

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Business Travel and Entertainment - Mini Course
D.S. MA
12/14/2015
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Business Travel and Entertainment - Mini Course-15
S.L. CO
06/05/2015
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Business Travel and Entertainment - Mini Course-15
K.M. JAPAN
05/16/2015
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Business Travel and Entertainment - Mini Course-15
C.R. CO
12/31/2014
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Business Travel and Entertainment - Mini Course-15
D.R. TX
12/31/2014
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Business Travel and Entertainment - Mini Course-15
B.W. OK
12/29/2014
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Business Travel and Entertainment - Mini Course-15
R.T. NY
11/19/2014
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Business Travel and Entertainment - Mini Course-15
J.G. PA
09/18/2014
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Business Travel and Entertainment - Mini Course-15
E.L. NY
09/01/2014
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