Food, Fun, and Travel: Tax Rules Post-TCJA (Completed)

Date: Thursday, December 12, 2019
Instructor: Annette Nellen
Begin Time:  12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

This program reviews the rules on entertainment, meals, travel and a few other related perks after the Tax Cuts and Jobs Act made significant changes to these rules. These changes result in fewer deductions for businesses and possible tax effects to employees. What’s left after the TCJA, how do the Section 274 rules on entertainment, meals and other expenses work today, and how do changes affect substantiation, recordkeeping and tax planning.

Who Should Attend
Practitioners seeking better understanding of the key tax rules governing a business’s spending on entertainment, meals, travel, and similar employee benefits.

Topics Covered

  • TCJA changes to Section 274 and why made; how to navigate this important rule post-TCJA
  • IRS TCJA guidance on meals and entertainment and related employee benefits; what's still deductible
  • What are meals for the convenience of the employer; cautions and planning considerations?
  • Relevance of reimbursing employees under accountable versus non-accountable plans
  • Current issues in the T&E area and how to address them

Learning Objectives

  • Identify and explain the tax rules applicable to a company's expenditures on entertainment, snacks, meals and travel for customers and employees
  • Describe the term accountable plan and its relevance
  • Recognize and apply the TCJA changes and the IRS guidance addressing these changes


Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites

Advance Preparation

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