Business Travel & Entertainment (2 hrs)

Current Status
Not Enrolled
Get Started
Course Description

Business Travel & Entertainment Deductions

This comprehensive mini-course examines and explains the practical aspects of business travel & 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.

Course Information

Price: $24

This course is included in our Mega CPE Special and our Unlimited Tax Bundle

Course No. M220
Format: Online pdf (53 pages). Printed book available.
Instructional Delivery Method: QAS Self-Study
Prerequisites: General understanding of federal income taxation.
Advance Preparation: None
Level: Overview
CPE Credit: 2 hrs.
Field of Study: Taxes: Technical
Course expiration:  You have one year from date of purchase to complete the course.
Course Revision Date: January 2024


Course Topics:

* Transportation & travel distinguished
* Definition of “tax home”
* Temporary & indefinite assignments
* Business purpose requirement for business travel
* Convention & meetings
* Statutory exceptions of ordinary & necessary requirement
* Entertainment facilities
* Employee expense reimbursement & reporting
* Self-employed persons
* Employers

Upon completion of this course you will be able to:

1. 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 affect on a tax home.
2. 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.
3. Determine what constitutes business entertainment and identify business entertainment activity deduction restrictions and disallowance.
4. Specify the §274(e) exceptions to entertainment deduction disallowance, recognize the necessity of expense substantiation, and determine accountable and non accountable plans stating the impact on deductions.

Ratings and Reviews

Avg. Rating
1 Ratings
What's your experience? We'd love to know!
Zaneta Carvalho
Posted 2 years ago
Great course!

Very informative, clear and helpful.

Preview Image
Show more reviews
What's your experience? We'd love to know!

Leave a Reply