Webinar: Food, Beverage, and Entertainment Expensing

WS132  |  Course  |  Basic  |  Scheduled

Description

The IRS has issued final regulations regarding the Tax Cuts and Jobs Act's (TCJA) elimination of the deduction for expenditures related to entertainme

Credits

Number of Credits Type of Credits
2.00 Taxes

Designed For

Tax practitioners who anticipate advising clients with respect to employer meals and entertainment expenditures

Prerequisites

A basic understanding of the tax rules relating to individual income tax

Highlights

  • The 50% deduction for meals that are ordinary and necessary in carrying on a trade or business
  • Elimination of the temporary rules that applied for 2021 and 2022 which allowed for 100% deductibility for ordinary and necessary business-related meals
  • When meals are still 100% deductible
  • IRS rules relating to the nondeducibility of activities considered entertainment or amusement
  • What constitutes entertainment/amusement for tax purposes?
  • When employers may deduct food and beverages provided to employees
  • 50% deductibility for occasional employee meals and for overtime meals
  • 50% deductibility for business meals during business meetings
  • Business meals incurred during business travel
  • Invoice meals separately from entertainment

Objectives

  • Understand the new rules relating to the deductibility of expenses associated with meals, entertainment, and food and beverages that employers provide to employees

Preparation

None

Notes

This webinar is provided by Surgent. After registering for the course, you will receive an email from Surgent with instructions for logging in to the webinar and obtaining your eMaterials.

You may confirm that your computer meets the minimum requirements by visiting: https://www.surgentcpe.com/webinartest/.

Prices

Member (Early Bird)
$99.00
Non-Member (Early Bird)
$99.00
Member
$99.00
Non-Member
$99.00
Your Price: $99.00

This is your base price and does not reflect any additional session fees, optional add-ons, or guest registrations.