Surgent's Food, Beverage, and Entertainment Expensing (ELEX)

Course Details

Date

Friday, August 14, 2020

7:00am – 9:00am

Field of Study

Taxation

Course Number

SU0239

CPE Credit

2.0 hours CPE credit

Level of Knowledge

Basic

Vendor

Surgent McCoy CPE, LLC

Prerequisites

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

Description

The Tax Cuts and Jobs Act of 2017 (TCJA) eliminated the deduction for any expenses related to activities generally considered entertainment, amusement, or recreation and also limited the deduction for expenses related to food and beverages provided by employers to their employees.

The IRS has recently issued proposed regulations on the business expense deductions for meals and entertainment following changes made to the TCJA.

These proposed regulations address the elimination of the deduction for expenditures related to entertainment, amusement, or recreation activities and provide guidance to determine whether an activity is considered to be entertainment. The proposed regulations also address the limitation on the deduction of food and beverage expenses.

This program is a two-hour intensive webinar on the changes made by the TCJA as discussed in the recently issued proposed regulations on this topic.

Highlights

  • IRS rules relating to the nondeductibility of activities considered entertainment or amusement
  • What constitutes entertainment for tax purposes?
  • When are meals deductible?
  • When employers may deduct food and beverages provided to employees
  • Any updates associated with the issuance of final regulations

Objectives

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

Designed For

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

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

$89.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$119.00
Your Price $119.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

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