Meals, Mileage & Mayhem: Navigating Business Deductions

1 IRS CE/CTEC/NASBA CPE*

This program examines the federal income tax treatment of travel and meal expenses incurred in carrying on a trade or business. Participants review the requirement that such expenses be ordinary, necessary, and reasonable, and analyze changes to the underlying rules under Internal Revenue Code § 274, including changes made under OB3. The program defines key terms, analyzes business meals, distinguishes entertainment, characterizes what constitutes a restaurant, identifies substantiation requirements, addresses accountable plans, reviews the tax home concept, and examines relevant case law.

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*Self-Study recording available for IRS CE Credit only (NO CPE)

NASBA Field of Study: Taxes

IRS Program #: 7Q3WU-T-00961-26
CTEC Course #: 6248-CE-00315