Publisher
WiseGuides, Inc.
2796 Greenspire Ln
Akron, Oh 44333
Employee Business Expense
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Copyright © 2010 | Field of Study: Taxes Level: Basic Recommended CPE Credit 2 hours Prerequisites: None Advanced Preparation: None Type of Delivery: Self-Study Expiration: Course expires 1 year after purchase Course Update: Feb, 2010 Accreditation: NASBA, IRS, CTEC, OTPB Guarantee/Complaint Resolution |
Course Outline
Lesson 1 - TRAVEL EXPENSES
Learning Objectives 1
Travel Away From Home
Tax Home
Temporary Assignment
Deductible Travel Expenses
Standard Meal Allowance
Travel in the United States
Travel Outside U.S.
Conventions
Cruise Ships
Lesson 2 - ENTERTAINMENT EXPENSES
Learning Objectives 2
What Expenses are Deductible
Charitable Events
Expenses Not Deductible
Directly-Related Test
Associated Test
50% Limit
Exceptions to 50% Limit
Lesson 3 - BUSINESS GIFT EXPENSES
Learning Objectives 3
Business Gift Expenses
Incidental Costs
Gift or Entertainment
Lesson 4 - LOCAL TRANSPORTATION EXPENSES
Learning Objectives 4
Local Transportation Expenses
Temporary Work Location
Armed Forces
Other Expenses
Actual Car Expenses
Standard Mileage Rate
Leased Car Expenses
Depreciation
Lesson 5 - HOW TO REPORT
Learning Objectives 5
Reimbursements
Accountable Plans
Per Diem Allowances
Returning Excess Amounts
Nonaccountable Plans
Special Rules
Course Objectives
Lesson - 1After completing Lesson 1, you will be able to:
- Define travel away from home
- Identify the requirements for deducting expenses of attending conventions, seminars, or similar meetings held on cruise ships
- Figure the taxpayer's deductible travel expenses for another individual
After completing Lesson 2, you will be able to:
- Identify what entertainment expenses are deductible
- Identify what expenses the 50% Limit applies to
- Figure the deductible amount of entertainment expenses
After completing Lesson 3, you will be able to:
- Figure the amount of business gift expense that is deductible
After completing Lesson 4, you will be able to:
- Identify when the standard mileage rate is not allowed
After completing Lesson 5, you will be able to:
- Identify when an employee must keep documentation for employee expenses
- Identify how to report expenses on the return when an employee receives an advance or is reimbursed for any of the business expenses