Description: This program reviews the statutory and regulatory guidance as they relate to fringe benefits. There will be an emphasis on entertainment and business transportation expenses, including qualified employer-provided parking, with a focus on planning opportunities. Recent federal tax legislation, cases and rulings will also be addressed.
Learning Objectives: To provide the “big picture” of qualified deductible expenses and guidance on what to do and when to do it.
Program Content:
- Definition of what qualifies as an entertainment expense
- Strategies to deduct business entertainment expenses
- Deductibility of meals
- Situations not subject to the 50% meals and entertainment reduction
- How to handle automobile issues related to employer-provided parking
- Proper accounting for deductible vs. non-deductible expenditures
- The four steps to analyze business expenses
- The latest federal legislation, cases and rulings
Who should attend: CPAs in public practice and industry seeking the latest developments on reporting entertainment and business transportation expense reporting.
Program Level: Intermediate
Developed By: Federal Tax Workshops, Inc
Instructor: Steven C. Dilley, CPA, JD, PhD
CPE Credit: 2.5
Note: This course qualifies for PTIN credit.
Field of Study: Taxation
Prerequisites: Basic working knoweldge of reporting and expensing travel and meals expenses.
Advanced Preparation: None
Steven C. Dilley, CPA, JD, PhD
Steve is President of Federal Tax Workshops, Inc., where for over 40 years, he has developed and presented continuing education seminars and webinars on tax, accounting and ethics topics for accountants and attorneys throughout the country. He is nationally known for his knowledge of the financial, accounting, and tax problems of the closely held business and has published numerous articles on these topics.
In addition, Steve is a Professor Emeritus of Accounting at Michigan State University, East Lansing, where he taught tax accounting. He has been received the “Distinguished Achievement in Accounting Education Award” in Michigan, as well as the MSU Accounting and Information Systems Department Outstanding Teacher Award.
Only registered attendees have access to the handout materials