Business Travel and Entertainment ON DEMAND
Available Until
Your Desk
2.0 Credits
Member Price $58.00
Non-Member Price $67.00
Overview
This course is tailored for CPAs and tax professionals seeking to deepen their understanding of business travel and entertainment expenses. This business travel and entertainment expenses course meticulously covers the fundamentals of these deductions, identifying key opportunities for tax planning. Participants in the travel and entertainment expenses course will master the intricacies of the away from home requirement, learning to distinguish between temporary and indefinite work assignments and their impact on tax home determination. The course also delves into the business purpose requirement, including the 51/49 percent test for entertainment, and outlines the rules for deductible conventions, meetings, meals, and lodging. Furthermore, you’ll explore the complex regulations surrounding business entertainment expenses, learning how to navigate the restrictions and disallowances effectively. The course emphasizes the critical role of expense substantiation and differentiates between accountable and non-accountable plans, providing essential knowledge for maximizing deductions and maintaining compliance. By the end of this course, participants will be well-equipped to guide clients through the often confusing landscape of travel and entertainment expenses, enhancing their value as trusted tax advisors.
Highlights
Business travel. Business entertainment.
Prerequisites
None.
Designed For
CPAs, accounting staff, enrolled agents, and tax practitioners.
Objectives
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.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Danny Santucci, Western CPE
Danny Santucci, BA, JD, is a prolific author of tax and financial books and articles. His legal career started with the business and litigation firm of Edwards, Edwards, and Ashton. Later he joined the Century City entertainment firm of Bushkin, Gaims, Gaines, and Jonas working for many well-known celebrities. In 1980, Danny established the law firm of Santucci, Potter, and Leanders in Irvine, California. With increasing lecture and writing commitments, Danny went into sole practice in 1995. His practice emphasizes business taxation, real estate law, and estate planning. Speaking to more than 100 groups nationally each year, he is known for spicing up his extensive expertise with an incredible sense of humor.
Non-Member Price $67.00
Member Price $58.00