DESIGNED FOR
CPAs in public practice and members in industry seeking the latest tax developments on reporting entertainment and business transportation expenses.
BENEFITS
After attending this presentation you will be able to...
- To provide the "big picture" of qualified deductible expenses
- To provide guidance on what to do and when to do it
HIGHLIGHTS
The major topics covered in this class include:
- An update on the final rules related to reporting entertainment and parking expenses
- Definition of what qualifies as an entertainment expense
- Strategies on how to deduct business entertainment expenses
- Deductibility of meals and "snacks"
- Situations not subject to the 50% meals and entertainment deduction
- 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
- Review of the latest federal legislation, cases and rulings
COURSE LEVEL
Intermediate
PREREQUISITES
Basic working knowledge of business taxation.
ADVANCE PREPARATION
None