btrv2023
PDF Book
Self-Study
Basic
100 Minutes
Major Topics
Learning Objectives
- Recognize the “away from home” requirement and related deductions, determine what constitutes transportation and travel expenses specifying the tests for tax home and recognize the differences between temporary and indefinite work assignments including their effect on a tax home.
- Identify the business purpose requirement using the 51/49 percent test, determine deductible conventions and meetings, and specify the limitations applied to meals and lodging when traveling.
- Determine what constitutes business entertainment and identify business entertainment activity deduction restrictions and disallowance.
- Specify the ?274(e) exceptions to entertainment deduction disallow-ance, recognize the necessity of expense substantiation, and determine accountable and non-accountable plans stating the impact on deductions.
Course Description
Taxpayers are once again looking to CPAs for guidance and planning related to travel and entertainment expenses. This comprehensive mini-course examines and explains the practical aspects of business travel and entertainment deductions. To determine the expenses that taxpayers are able to deduct, fundamentals are reviewed and planning opportunities are identified. Practitioners will learn to master the proper administration of these complex and often cumbersome provisions.
Compliance Information
Advanced Preparation
None
Field of Study
Taxes
Credits
2 Credits
Published Date
April 15, 2023
Revision Date
February 14, 2024Course Authors
Danny Santucci
Huntington Beach, CA
Author, Santucci Publishing
All of our self-study courses are NASBA approved (through our partners at K2 Enterprises) the revisions to the Statement on Standards for Continuing Professional Education (CPE) Programs (Standards).
Your Registration Includes:
- Course materials (video & PDF version)
- Unlimited attempts to complete exam
- Course materials (PDF & Sample Materials)
- Instant grading & certificate of completion
- One year access to complete your CPE
- Completion certificate
