Meals And Entertainment Expenses Under The Tax Cuts And Jobs Act: What Can Be Deducted

  EVENT DATE

December 12, 2019

  PRESENTER(s)

Daniel J. Pilla

  1:00 PM ET | 12:00 PM CT | 10:00 AM PT | 120 Minutes


* Not able to attend the live session? We can arrange an on-demand session for You. Please call 1-951-801-2324


DESCRIPTION



Until recently, meals and entertainment expenses were deductible. The scope of the deduction allowed has been steadily diminishing, but it could still be done. Now, the Tax Cuts and Jobs Act (TCJA) has seemingly killed all scope for deduction of these expenses. Many people are confused over the extent to which entertainment expenses are deductible now. This webinar will explore that topic in detail, and clear all confusion.

During this webinar, our expert speaker Mr. Daniel J. Pilla will walk you through the subject of New Tax Law Section 274, explaining various concepts in detail and providing useful information which will help you understand Section 274 and the Tax Cuts and Jobs Act – and how these will affect meals and entertainment expenses.

Topics under discussion include: Amendment to code Section 274(a)(1); how the Jobs Act will affect meals and entertainment expenses; the difference between “meals” and “entertainment” as per the law; how to keep proper records of meals; the process of reconstructing lost or incomplete records; analyzing Section 274 in light of the Tax Cuts and Jobs Act; legal authority for deduction of meals apart from section 274; records requirements under Section 274(d), and many more.

All webinar attendees will be provided handouts which will help them remember and make the most of what they have learnt during the training session.

Training Highlights:

  • Understand the amendment to code Section 274(a)(1)
  • Learn how the Jobs Act will affect meals and entertainment expenses
  • Discover the difference between “meals” and “entertainment” as per the law
  • Find out how to keep proper records of meals
  • Go through the process of reconstructing lost or incomplete records
  • Analyze Section 274 in light of the Tax Cuts and Jobs Act (TCJA)
  • Understand the legal authority for deduction of meals apart from Section 274
  • Find out the records requirements under Section 274(d)
  • …and much more

Who will benefit:

The following people will benefit from, and should therefore attend, this webinar:

  • Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Financial Planners
  • Attorneys
  • Other professionals involved in tax preparation or planning for small businesses





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