Description
Gain a better understanding of travel deductions allowed under the federal tax code and ensure your records will stand the test of a tax audit.
Date: July 27, 1:00 – 2:40 pm EST
Learn the specifics of documenting business travel meal expenses to ensure you can take full advantage of the deduction allowed under the federal tax code. Ensure that your records will stand the test of a tax audit. Fine-tune your understanding of when an employee’s meal is 100% deductible and when it is only 50% deductible. Understand when foreign travel is deductible and the limitations on personal and business travel.
Learning Objectives
- You will be able to recognize and document expenses sufficiently to ensure tax deductibility.
- You will be able to identify various deductions and limits for meal expenses.
- You will be able to explain and compare limits of deductibility of business gifts.
- You will be able to review the types of deductible travel expenses.