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New Travel, Meals and Entertainment Expense Reporting

  • 01/18/2021
  • 1:30 PM - 5:30 PM
  • Webinar - ACPEN

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Overview:

This program will explain the new rules for deducting travel, meals and entertainment expenses and the TCJA disallowance of business entertainment expenses, as well as the most recent regulations issued March, 2020. Documentation requirements and planning opportunities related to travel, entertainment, and automobile expenses will also be addressed.

Objectives:

  • Gain insight on the "big picture" in this complex area
  • Distinguish the rules of determining travel and entertainment expenses
  • Know what to do and when to do it

Topics Discussed:

  • Recent tax legislation, rules and developments impacting travel and meals expense reporting
  • Adequate accounting rules for reimbursements, including accountable plans, going paperless, reimbursement for non-deductible expense
  • Reporting travel expenses: travel status, simplified per die
  • Meals and entertainment: "directly related to" and associated with" tests; facility vs. activity expenses; TCJA elimination of most entertainment expenses; 9 exceptions to Section 274
  • Business meals: IRS Notice 2018-76
  • 2020 mileage and per diem rates

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

Level: Intermediate

Instructor: Doug Van Der Aa, CPA, JD

Developer: Doug Van Der Aa, CPA, JD

CPE Credits: 4

Area(s) of Study: Taxes - Technical

Prerequisite: None



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