Business Meals, Entertainment, and Travel Under TCJA & CAA FLEXCAST

Overview

Travel and meal expenses are deductible if they are ordinary, necessary, and reasonable expenses associated with a trade or business. This course will analyze changes provided by TCJA and CAA. In addition, we will review the underlying rules under Internal Revenue Code Section 274.

Highlights

Section 274 Statue History. Business Meals Under CAA. Tax Home. Case Law.

Prerequisites

None.

Designed For

CPAs and other tax professionals.

Objectives

Examine Section 274. Define key terms. Analyze Business Meals. What is Entertainment. Define what is a Restaurant. Identify substantiation requirements. Assess accountable plans. Discuss Tax Home. Review Case Law.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.