Tax Treatment of Business Travel and Entertainment Expenses

Learn the specifics of documenting business travel, meals and entertainment expense to ensure you can take full advantage of the deduction allowed under the federal tax code. Ensure that your records will stand the test of a tax audit. Fine tune your understanding of when an employee’s meal is 100% deductible and when it is only 50% deductible. Understand when foreign travel is deductible and the limitations on personal travel and entertainment mixed with business travel and entertainment.

Authors

Agenda

Travel Expenses

• Tax Home
• Temporary Work Assignment
• Deductible Travel Expense
• Luxury Water Travel and Conventions
• Transportation Expense

Meals, Entertainment and Gifts

• Meals Necessary to Perform Job
• Meals as Part of Business Entertainment
• Business Entertainment
• Gifts

Recordkeeping and Reporting

• Proof of Expenses
• Record Retention
• Reporting

Additional Formats