This program will explain the new rules for deducting and reporting travel, meals, and entertainment expenses . Documentation requirements and planning opportunities related to travel, meals, entertainment, and automobile expenses will also be addressed.
**Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.
DESIGNED FOR
Practitioners, members in industry, or personnel responsible for payroll tax reporting or determining and reviewing travel and entertainment deductions
BENEFITS
- Gain insight on the "big picture" in this complex area
- Distinguish the rules of determining travel expenses and deducting meals/entertainment expenses
HIGHLIGHTS
- Recent legislation and developments related to reporting travel, meals and entertainment expenses
- Adequate accounting rules for reimbursements
- Accountable plans
- Reimbursement of nondeductible expenses
- Reporting travel expenses
- Simplified Per Diem
- Meals and entertainment expenses
- “Directly related to” and “Associated With” tests
- Facility vs. Activity expenses * Nine Exceptions to Section 274
- Business Meals
- IRS Notice 2018-76
- Food and beverages during entertainment
- 2021 mileage and Per Diem rates
PREREQUISITES
Basic working knowledge of business expense reporting
ADVANCE PREPARATION
None
ADDITIONAL NOTES
IRS Program Number: 90EKV-T-00380-21-O. Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).