myCPE
myCPE

Maximizing Business Deductions: Travel & Entertainment Expense 2 Credits

Dec 12, 2024, 03:00 PM ET

Maximizing Business Deductions: Travel & Entertainment Expense 2 Credits

Select your learning mode

  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
  • Get your certificate
Dec 12, 2024, 03:00 PM ET

Learning Objective

  • To identify costs that are deductible but often missed.
  • To define transportation, business travel, and commuting and highlight differences.
  • To gain a comprehensive understanding of the IRS rules and regulations governing travel and entertainment expense deductions for businesses, including recent updates and changes.
  • To develop practical skills and strategies for effectively maximizing travel and entertainment expense deductions while maintaining compliance with IRS requirements.

Course Overview

In today's dynamic business landscape, understanding and optimizing tax deductions is paramount.

This course is intended to review the Federal Tax Code (IRS) rules for deducting travel and entertainment expenses related to businesses, with a focus on new and changed requirements and limitations. The basic fundamentals are covered along with recommendations for complying with internal revenue service requirements. Creative strategies and traditional processes are compared and contrasted to maximize the use of travel and entertainment deductions. Possible changes with the sunset of the Tax Cuts and Jobs Act will be discussed to allow for future planning.

Key Topics Covered in this CE Tax Course:

  • Travel expenses
  • Entertainment expenses
  • Auto expenses
  • Apportionment of business versus personal use of vehicles
  • Missed expense opportunities
  • Audit tips

Whether you're aiming to reduce your tax liability or seeking to advise clients effectively, this course equips you with the expertise needed to navigate the complex terrain of business expense deductions. Join us to unlock the potential of these deductions and optimize your financial strategy.

On Demand Credits for All Qualifications

Nano Credits for All Qualifications

On Demand Credits for All Qualifications

Live Webinar Credits for All Qualifications

License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 2 CPE Approved
Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-01705-23-S) 2 CE Approved
Federal tax-related matters for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-T-01705-23-S) 2 CE Approved
Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-1359) 2 CE Approved
Taxes for Delaware Licensed Public Accountant (DE-LPA) 2 CPE Eligible
Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-01705-23-S) 2 CE Approved
Federal tax-related matters for LTC (Approval No. GEHNZ-T-01705-23-S) 2 CE Eligible
Taxes for Iowa Licensed Public Accountant (IA-LPA) 2 CPE Eligible
Taxes for Maine Licensed Public Accountant (ME-LPA) 2 CPE Eligible
Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-01705-23-S) 2 CE Approved
License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 2 CPE Approved
Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-01705-23-S) 2 CE Approved
Federal tax-related matters for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-T-01705-23-S) 2 CE Approved
Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-1359) 2 CE Approved
Taxes for Delaware Licensed Public Accountant (DE-LPA) 2 CPE Eligible
Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-01705-23-S) 2 CE Approved
Federal tax-related matters for LTC (Approval No. GEHNZ-T-01705-23-S) 2 CE Eligible
Taxes for Iowa Licensed Public Accountant (IA-LPA) 2 CPE Eligible
Taxes for Maine Licensed Public Accountant (ME-LPA) 2 CPE Eligible
Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-01705-23-S) 2 CE Approved
License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 2 CPE Approved
Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-01705-23-S) 2 CE Approved
Federal tax-related matters for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-T-01705-23-S) 2 CE Approved
Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-1359) 2 CE Approved
Taxes for Delaware Licensed Public Accountant (DE-LPA) 2 CPE Eligible
Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-01705-23-S) 2 CE Approved
Federal tax-related matters for LTC (Approval No. GEHNZ-T-01705-23-S) 2 CE Eligible
Taxes for Iowa Licensed Public Accountant (IA-LPA) 2 CPE Eligible
Taxes for Maine Licensed Public Accountant (ME-LPA) 2 CPE Eligible
Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-01705-23-S) 2 CE Approved
License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 2 CPE Approved
Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-01705-23-O) 2 CE Approved
Federal tax-related matters for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-T-01705-23-O) 2 CE Approved
Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-1359) 2 CE Approved
Taxes for Delaware Licensed Public Accountant (DE-LPA) 2 CPE Eligible
Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-01705-23-O) 2 CE Approved
Federal tax-related matters for LTC (Approval No. GEHNZ-T-01705-23-O) 2 CE Eligible
Taxes for Iowa Licensed Public Accountant (IA-LPA) 2 CPE Eligible
Taxes for Maine Licensed Public Accountant (ME-LPA) 2 CPE Eligible
Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-01705-23-O) 2 CE Approved

Additional Information

Credits

2

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

IRS APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering aintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

Looking to fulfill your Enrolled Agent (EA) Continuing Education (CE) requirements? MY-CPE online Enrolled Agent CE courses are the best for you. Earn EA CE Credits while enhancing your domain knowledge and expertise in diverse tax regulations and practices. Our courses are designed to provide you with the latest updates and deep insights to keep you ahead in your field. With flexible scheduling and a user-friendly platform, MY-CPE offers you a greater convenient and interactive learning experience. Join MY-CPE today and take the next step in advancing your career as an Enrolled Agent. 

About Instructor

Dr. Robert Minniti - Expert Speaker on Accounting and Fraud
Dr. Robert Minniti , CPA (US)

President, Minniti CPA LLC

  • 4.6
  • rating
  • rating
  • rating
  • rating
  • rating

Dr. Minniti is the President and Owner of Minniti CPA, LLC. Dr. Minniti is a Certified Public Accountant, Certified Forensic Accountant, Certified Fraud Examiner, Certified Valuation Analyst, Certified in Financial Forensics, Master Analyst in Financial Forensics, Chartered Global Management Accountant, and is a licensed private investigator in the state of Arizona. Dr. Minniti received his doctoral degree in business administration from Walden University, received his MBA degree and Graduate Certificate in Accounting from DeVry University’s Keller Graduate School of Management, and received his Bachelor of Science in Business Administration degree from the University of Phoenix. Dr. Minniti taught graduate and undergraduate courses in forensic accounting at DeVry University, Grand Canyon University, Kaplan University, Northwestern University, and the University of Phoenix.

He designed graduate and undergraduate courses for Grand Canyon University, Northwestern University, and Anthem College. He is a writer and public speaker. He has experience in forensic accounting, fraud examinations, financial audits, internal audits, compliance audits, real estate valuations, business valuations, internal control development, business continuation planning, risk management, financial forecasting, and Sarbanes-Oxley compliance work. Dr. Minniti is an instructor teaching continuing professional education classes for the American Institute of Certified Public Accountants, Compliance Online, CPE Link/CCH . AccountingEd, Global Compliance Panel, Clear Law Institute, CPE Solutions, Canopy CPE, The Institute of Management Accountants, the National Association of Valuators and Analysts, the Association of Certified Fraud Examiners, the Institute of Internal Auditors, and various state CPA Societies.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

out of 5

Excellent

Very Good

Average

Poor

Terrible

MM

Michael Magee, CPA (US)
5

Very entertaining presentation. The presenter was easy to listen to. Some of the material was very basic and common sense and could have been covered a little more quickly leaving time to get into some more detailed examples.

JS

Judith Slatin, CPA (US)
5

I enjoyed this webinar and learning more about how to differentiate between travel for business and personal use.

Recommended Courses

Best Tax Return Workshop On S Corporation (1120S)

Jan 16, 09:00 AM ET

  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • ORTP
  • Maryland Tax Preparer
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA
Income Tax Planning for Financial Planners

Jan 16, 09:30 AM ET

  • AFSP
  • CRTP
  • CPA (US)
  • CFA
  • EA
  • ORTP
  • CPA/PFS
  • TEP
  • ChFC
  • CSA
  • Maryland Tax Preparer
  • FSCP
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • CIPM
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA
LLC Classifications & Elections

Jan 16, 10:00 AM ET

  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • ORTP
  • Maryland Tax Preparer
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA
Appeals for Collections

Jan 16, 11:00 AM ET

  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • ORTP
  • Maryland Tax Preparer
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA
A Simple Approach & Overview to Virtual Currency

Jan 16, 11:00 AM ET

  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • ORTP
  • CPA/PFS
  • ChFC
  • Maryland Tax Preparer
  • FSCP
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA
Inclusions
  • Multiple Credits
    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting
    Certifications & Reporting

    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

  • Credit Tracker
    Credit Tracker

    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

  • Certificate Vault
    Certificate Vault

    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

  • Compliance Reminders
    Compliance Reminders

    Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.

  • Mobile App Access
    Mobile App Access

    The myCPE Mobile App allows you to learn on the go, providing access to educational content on Android and Apple iOS devices. You can learn anytime and anywhere, making it convenient for busy schedules.

  • Live Support
    Live Support

    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

Exclusive mobile
app for our unlimited
access subscribers

This course is included with,

Individual Subscription

Gain access to everything required for compliance, skill enhancement, and staying ahead of industry trends—all included in the Individual subscription. Here’s what you get:

  • 13,000+ Hours of NASBA-Approved Content
  • 500+ Emerging Subject Areas
  • 50+ State- Specific Ethics Courses
  • 100+ Conferences with Access to Industry Events
  • 250+ FastTrack Compliance Packages

    Pre-selected courses for quick compliance

  • Exclusive Mobile App Access
  • Access to Professional Communities

    Connect with like-minded professionals on Teams.

Trusted by 250,000+ Professionals

trust pilot review google review
Unlimited Access

Ready to Get Started?

Sign up today and begin your learning journey immediately!

card
$299$199 For 12 Months
stripe

Start Your Subscription

$299$199/year

Secure unlimited access

Click Here
Subscribed
Serena purchased a subscription.
Subscribed
Geliane purchased a subscription.
Subscribed
James purchased a subscription.
Subscribed
Barbara purchased a subscription.
Subscribed
Joy purchased a subscription.
Subscribed
James purchased a subscription.
Subscribed
Michael purchased a subscription.
Subscribed
Claire purchased a subscription.
Subscribed
Mindy purchased a subscription.
Subscribed
Adeleh purchased a subscription.
Subscribed
Sueun purchased a subscription.
Subscribed
Robyn purchased a subscription.
Subscribed
aziz purchased a subscription.
Subscribed
JONATHAN purchased a subscription.
Subscribed
Brandon purchased a subscription.
Subscribed
MARIBETH purchased a subscription.
Subscribed
Wendy purchased a subscription.
Subscribed
Abigail purchased a subscription.
Subscribed
Carol purchased a subscription.
Subscribed
Michelle purchased a subscription.
Subscribed
Karyssa purchased a subscription.
Subscribed
Anthony purchased a subscription.
Subscribed
Dale purchased a subscription.
Subscribed
Karen purchased a subscription.
Subscribed
Matt purchased a subscription.
Subscribed
Jennifer purchased a subscription.
Subscribed
Aisha purchased a subscription.
Subscribed
Glenn purchased a subscription.
Subscribed
David purchased a subscription.
Subscribed
Hadas purchased a subscription.
Subscribed
Mohammad purchased a subscription.
Subscribed
Amy purchased a subscription.
Subscribed
Evelyn purchased a subscription.
Subscribed
Charlotte purchased a subscription.
Subscribed
Matthew purchased a subscription.
Subscribed
Tera purchased a subscription.
Subscribed
Mingming purchased a subscription.
Subscribed
Michael purchased a subscription.
Subscribed
Martin purchased a subscription.
Subscribed
Russell purchased a subscription.
Subscribed
Yong purchased a subscription.
Subscribed
PAMELA purchased a subscription.
Subscribed
MELISSA purchased a subscription.
Subscribed
Sue purchased a subscription.
Subscribed
LaNita purchased a subscription.
Subscribed
Thomas purchased a subscription.
Subscribed
Karen purchased a subscription.
Subscribed
PETER purchased a subscription.
Subscribed
Amy purchased a subscription.
Subscribed
Brent purchased a subscription.
Subscribed
Michael purchased a subscription.
Subscribed
Lisa purchased a subscription.
Subscribed
Donald purchased a subscription.
Subscribed
swati purchased a subscription.
Subscribed
Amelia purchased a subscription.
Subscribed
darren purchased a subscription.
Subscribed
Holly purchased a subscription.
Subscribed
Mary purchased a subscription.
Subscribed
Manlovedeep purchased a subscription.
Subscribed
Harpinder purchased a subscription.
Subscribed
Thomas purchased a subscription.
Subscribed
Paul purchased a subscription.
Subscribed
Joe purchased a subscription.
Subscribed
Sireno purchased a subscription.
Subscribed
GEORGE purchased a subscription.
Subscribed
Christine purchased a subscription.
Subscribed
CURTIS purchased a subscription.
Subscribed
LATASHA purchased a subscription.
Subscribed
Cody purchased a subscription.
Subscribed
Amy purchased a subscription.
Subscribed
Breanna purchased a subscription.
Subscribed
Ahmed purchased a subscription.
Subscribed
Ben purchased a subscription.
Subscribed
Preston purchased a subscription.
Subscribed
Agnieszka purchased a subscription.
Subscribed
Muna Hanna purchased a subscription.
Subscribed
Wynter purchased a subscription.
Subscribed
Jonathan purchased a subscription.
Subscribed
Michael purchased a subscription.
Subscribed
THOMAS purchased a subscription.
Subscribed
Lori purchased a subscription.
Subscribed
Caoting purchased a subscription.
Subscribed
Kristen purchased a subscription.
Subscribed
Jude purchased a subscription.
Subscribed
David purchased a subscription.
Subscribed
Bryan purchased a subscription.
Subscribed
Davendran purchased a subscription.
Subscribed
Joe purchased a subscription.
Subscribed
Lisa purchased a subscription.
Subscribed
Emily purchased a subscription.
Subscribed
Alexander purchased a subscription.
Subscribed
Marvin purchased a subscription.
Subscribed
Dibbon purchased a subscription.
Subscribed
Chrystal purchased a subscription.
Subscribed
Margaret purchased a subscription.
Subscribed
Jill purchased a subscription.
Subscribed
John purchased a subscription.
Subscribed
Doris purchased a subscription.
Subscribed
Becky purchased a subscription.
Subscribed
Angelo purchased a subscription.