Gain a better understanding of deductions allowed under the federal tax code and save your company money.
Learn the specifics of documenting business travel, meals and entertainment expense to ensure you can take full advantage of the deduction allowed under the federal tax code. Ensure that your records will stand the test of a tax audit. Fine tune your understanding of when an employee's meal is 100% deductible and when it is only 50% deductible. Understand when foreign travel is deductible and the limitations on personal travel and entertainment mixed with business travel and entertainment.
Learning Objectives
- You will be able to differentiate between an Accountable and Unaccountable plan.
- You will be able to identify rules for deductible expense related to business travel.
- You will be able to identify proof of expenses
- You will be able to differentiate between deductible and non-deductible expenses.
Credit
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Why Lorman?
Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Travel Expenses
- Tax Home
- Temporary Work Assignment
- Deductible Travel and Lodging Expense
- Rules for Traveling Outside the U.S.
- Luxury Water Travel and Conventions
Meals, Entertainment and Gifts
- Deductible Meals Expense
- Limits on Meals Deduction
- Deductible Entertainment Expense
- Deductible Gift Expense and Limits
Proof of Expenses
- Using per Diem Methods
- Accountable and Unaccountable Plans
- Recordkeeping and Reporting
Credit
More Program Information
Why Lorman?
Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on November 16, 2018.
Call 1-866-352-9540 for further credit information.
CPE/NASBA - QAS Self Study 2.6 including Taxes 2.6
- Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.6 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.6 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
Credit
More Program Information
Why Lorman?
Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Josie A. Henneke, CMI, CPA
AGS Capital, LLC
- CFO of AGS Capital LLC, a venture capital firm with multistate investments
- Oversees compliance and preparation of various 1099 forms for over ten companies each year
- A member of the Institute of Professionals in Taxation for over twenty years
- Member of AICPA and Indiana CPA Society
- Regularly instructs in tax matters for Lorman Education Services, IPT, and other organizations
- Worked for the Indiana Department of Revenue for 16 years
- QuickBooks® expert
- B.S. degree, Indiana University
Credit
More Program Information
Why Lorman?
Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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