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Course Details

Business Travel and Entertainment - Tax Mini Course (Course Id 128)

Updated / QAS / Registry / EA
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Author : Danny C Santucci, JD
Course Length : Pages: 28 ||| Review Questions: 10 ||| Final Exam Questions: 10
CPE Credits : 2.0
IRS Credits : 2
Price : $17.95
Passing Score : 70%
Course Type: NASBA QAS - Text - NASBA Registry - IRS Enrolled Agents
Technical Designation: Technical
Primary Subject-Field Of Study:

Taxes - Taxes for Course Id 128

Description :

Taxpayers are once again looking to CPAs for guidance and planning related to travel and entertainment expenses. This comprehensive mini-course examines and explains the practical aspects of business travel and entertainment tax deductions. To determine the expenses that taxpayers are able to deduct, fundamentals are reviewed and planning opportunities are identified. Practitioners will learn to master the proper administration of these complex and often cumbersome provisions.

Usage Rank : 22500
Release : 2024
Version : 1.0
Prerequisites : General understanding of federal income taxation.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : QAS Self Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 15-Mar-2024
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - Text - NASBA Registry - IRS Enrolled Agents - 128

Keywords : Taxes, Business, Travel, Entertainment, Tax, Mini, Course, cpe, cpa, online course
Learning Objectives :

As a result of studying the assigned materials, you should be able to meet the objectives listed below.

    At the start of the materials, participants should identify the following topics for study:
      * Transportation & travel distinguished
      * Definition of "tax home"
      * Temporary & indefinite assignments
      * Business purpose requirement for business travel
      * Convention & meetings
      * Statutory exceptions of ordinary & necessary requirement
      * Entertainment facilities
      * Employee expense reimbursement & reporting
      * Self-employed persons
      * Employers
Learning Objectives:
    After reading the materials, participants will be able to:
      1. Recognize the away from home requirement and related deductions, determine what constitutes business travel and transportation expenses specifying the tests for tax home and recognize the differences between temporary and indefinite work assignments including their effect on a tax home.
      2. Identify the business purpose requirement using the 51/49 percent test, determine deductible conventions and meetings, and specify the limitations applied to meals and lodging when traveling.
      3. Determine what constitutes business entertainment and identify business entertainment activity deduction restrictions and disallowance.
      4. Specify the 274(e) exceptions to entertainment deduction disallowance, recognize the necessity of expense substantiation, and determine accountable and non-accountable plans stating the impact on deductions.
Course Contents :

Chapter 1 - Business Travel and Entertainment


Business Travel

Transportation & Travel Distinguished

Travel Expenses

Transportation Expenses

Determining a Tax Home

Regular Place of Abode in a Real & Substantial Sense

Two Work Locations

Itinerant Worker - No Tax Home


Temporary vs. Indefinite Assignments

One-Year Expectation Rule

Away From Home Requirement

Sleep & Rest Rule

Substantial Period

Business Purpose Requirement

Categories of Expense

Travel Costs to and from the Destination

Costs at Destination

All or Nothing

Primarily for Business Test


Other Factors

51/49 Percent Test

Domestic Business Travel

Foreign Business Travel

Personal Pleasure At Destination Only

Primarily Business - Partial Deduction

Travel Considered Entirely for Business - Full Deduction

Definition of Business Day

Meals 50% Reduction

Standard Meal Allowance


Conventions & Meetings

Agenda Test - Directly Related to Business

Foreign Conventions

Reasonableness Factors

North American Area

Allowable Expenses

Cruise Ship Conventions

Deduction Limitation

Reporting Statements

Luxury Water Travel


Family Member Travel Expenses

Business Entertainment

Statutory Exceptions - 274(e)

Food and Beverages for Employees

Expenses Treated as Compensation

Reimbursed Expenses

Recreational Expenses for Employees

Employee, Stockholder, and Business Meetings

Trade Association Meetings

Items Available to the Public

Entertainment Sold to Customers

Expenses Includible in Income of Non-employees

Business Meals

Percentage Reduction for Meals - 274(n)(1)

Application of Reduction Rule

Eating Facilities

Exceptions - 274(n)(2)

Entertainment Facilities


Covered Expenses

Club Dues

Sales Incentive Awards

Substantiation & Record Keeping - 274(d)

Travel Expense Items to be Substantiated

Meal Expense Items to be Substantiated

Business Gifts Expense Substantiation

Substantiation Methods

Adequate Records

Exceptions to Documentary Evidence Requirement

Sufficiently Corroborated Statements

Exceptional Circumstances

Retention of Records

Exceptions to Substantiation Requirements

Payback Agreements

Employee Expense Reimbursement & Reporting

Unreimbursed Employee Expenses

Reimbursed Employee Expenses

Accountable Plans

Business Connection

Reasonable Period of Time

Fixed Date Safe Harbor - #1

Periodic Statement Safe Harbor - #2

Adequate Accounting

Per Diem Allowance Arrangements

Federal Per Diem Rate

Related Employer Restriction

Reporting Per Diem Allowances

Reimbursement More Than Federal Rate

Reimbursement More Than Federal Rate

Nonaccountable Plans

Self-Employed Reimbursement & Reporting

Expenses Related to the Self-Employed's Business

Reimbursed Expenses Incurred on Behalf of a Client

With Adequate Accounting

Without Adequate Accounting



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