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Tax Planning and Guidance for Business Travel and Deductions

Gain a better understanding of travel deductions allowed under the federal tax code and ensure your records will stand the test of a tax audit.

Learn the specifics of documenting business travel meal expenses 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 and business travel.

Learning Objectives

  • You will be able to differentiate between accountable plans and nonaccountable plans
  • You will be able to identify limits on lodging
  • You will be able to identify rules regarding what expenses are deductible.
  • You will be able to identify dollar limits on deductions

101 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 35 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 Expenses
  • Rules for Traveling Outside the U.S.
  • Luxury Water Travel and Conventions

Meals and Gifts

  • Deductible Meals Expense
    • Limits on Meals Deduction
  • Deductible Gift Expense and Limits

Proof of Expenses

  • Using per Diem Methods
  • Accountable and Unaccountable Plans
  • Recordkeeping and Reporting
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Why Lorman?

Over 35 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 July 27, 2022.

Call 1-866-352-9540 for further credit information.

  • AIPB 2.0
     
  • This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • 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: www.nasbaregistry.org. 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.
     

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This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 35 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, CPA

Josie A. Henneke, 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
  • Was 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
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Why Lorman?

Over 35 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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Pay once and get a full year of unlimited training in any format, any time!

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Additional benefits include:

  • State Specific Credit Tracker
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Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 410001
Published 2022
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