Entertainment, Meals & Travel Expenses: Review & 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.

Highlights

• 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

• 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