Description: 
This program reviews the statutory and regulatory guidance as they relate to fringe benefits. There will be an emphasis on entertainment, meals 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:
After attending this presentation you will be able to...

• Apply guidance of the "big picture" of qualified deductible expenses and strategies and guidance on what to do and when to do it

Program Content:

The major topics covered in this class include:

• 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 expenses.

Developed By: Federal Tax Workshops, Inc

Instructor: Steven C. Dilley, CPA, JD, PhD

CPE Credit: 2.0

Field of Study: Taxes (2 CPE)

Prerequisites: Basic working knowledge of fringe benefit expense reporting.

Advanced Preparation: None

Format: QAS Self Study