New Guidance on Expanded Deduction for Food and Beverages 1 Credit
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Nov 05, 04:00 PM
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The latest guidance on expanded deductions for food and beverages is here to revolutionize the way you claim your business meal expenses. Say goodbye to limitations and hello to increased savings!
In this webinar, we will focus on meal deduction, including business meals and travel meals. In addition, we will look at the final regulations issued relating to the changes to the meals and entertainment deduction arising out of the Tax Cuts and Jobs Act, mainly the change from a 50% deduction for entertainment to $0, and how that interacts with the meal deduction.
Key topics covered in this course:
This CE Tax webinar will also look at the changes relating to the 2021 and 2022 100% meal deductions since we still have clients who may not have filed for these years.
Join this webinar to understand how the meal deduction works, along with any changes the final regulations bring to the meal and entertainment expense deduction and what it means for your clients.
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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.
Nicholas has worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility. Nicholas has authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure. He also co-authored a textbook, Tax Preparer Penalties and Circular 230 Enforcement, published by Thomson Reuters. Nicholas has been recognized as the Top 5 Under 35 CPAs in Virginia, and is a member of the AICPA’s Tax Executive Committee. Nicholas is an adjunct professor at the University of Mary Washington. He is a graduate of Carthage College, University of Connecticut (M.S. in Accounting), Case Western Reserve University School of Law (J.D.), and Georgetown University (LLM in Taxation).
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GH
It's not a big subject until we receive the client's bookkeeping. That's when it gets a bit scary, considering they usually have no idea about the conditions of deductibility. Listening to the presentation, I can prep for educating clients.
Mr. Preusch gave an in depth explanation of Meals and Entertainment not only currently but historically back for the last decade. The suppositions of what will be in store for these deductions in 2026 and beyond was equally as interesting.
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