Business Travel and Entertainment

Course Description:

Taxpayers are once again looking to CPAs for guidance and planning related to travel and entertainment expenses. This comprehensive course examines and ex-plains 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.

Learning Objectives:

Upon successful completion of this course, participants will be able to:

•    Recognize the “away from home” requirement and specify the tests
  for tax home and recognize the differences between temporary and indefinite work assignments.
•    Identify deductible conventions and meetings, and specify the limitations applied to cruises.
•    Determine what constitutes business entertainment and identify
  business entertainment disallowance and statutory exceptions.
•    Specify the meal and lodging restrictions, recognize the necessity of
  expense substantiation, and determine accountable and non-accountable plans