Webinar: Food, Beverage, and Entertainment Expensing
WS1603 | 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