Course Information
Travel, Entertainment and Auto Tax Rules
Course Information
| Title: | Travel, Entertainment and Auto Tax Rules |
|---|---|
| Category: | Taxation |
| Field of Study: | Taxes |
| Course Code: | M272 |
| CPE Credits: | 14.0 |
| Price: | 88.95 |
Description
Description:
Updating practitioners on current developments, this core program examines and explains the practical aspects of travel and entertainment deductions. Fundamentals are reviewed and planning opportunities identified. Creative strategies are discussed and evaluated along with traditional approaches. Taxpayers are once again looking to their tax professional for guidance and planning related to travel and entertainment expenses. The goal of this course is to understand and solve problems.
Delivery Method: Online Interactive Self Study
Level: Overview
Prerequisites: None
Advanced Preparation: None
Course Details
Category: Taxation
Field of Study: Taxes
Passing Score: 70%
Technical Details: Taxation is a technical field of study for all states.
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Objectives
Objectives:
Chapter 1: Travel Expenses 1. Determine the difference between transportation and business travel under Section 162 by identifying types of business travel expenses and the deduction & amortization requirements of Section 165 and Section 195. 2. Specify deductible travel costs to find a new job, identify investor travel expenses, and determine deductible transportation. 3. Identify the business purpose requirement, the complications of mixed business and personal travel and costs at a destination. 4. Recognize the IRS’s and Circuit Courts’ definition of “tax home”, identify when a taxpayer lacks a tax home, and specify the “away from home” requirement including the sleep and rest rule. 5. Identify temporary and indefinite job assignments recognizing the critical factor in distinguishing the two job assignments.
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Profession
NASBA: Yes
QAS: Yes
CPA: Suitable for all CPAs
IRS: IRS credit for Enrolled Agents.
Profession Identifiers: CPA, EA