Corporate Entertainment Expenses Under the New Tax Law


CLE Credits earned: 2 GENERAL (or 2 LAW & LEGAL for WA state)

Attorneys can expect to be brought fully up to date on the wide ranging changes made by the Tax Cuts and Jobs Act (“TCJA”), P.L. 115-97, in the deductibility of costs for business meals, entertainment and travel, as well as related fringe benefits. The presentation will also incorporate the latest guidance provided by the IRS in Notice 2018-76, concerning the post-TCJA deductibility of business meals, as well as Notice 2018-42 and IR 2018-127, concerning changes brought about by the TCJA affecting vehicle and unreimbursed employee expenses.

Key topics to be discussed:

•   Specific amendments to the existing law by the TCJA in the area of business meals and entertainment
•   The deductibility of un-reimbursed employee business expenses
•   Required components of an accountable expense reimbursement
•   The increased significance, post-TJCA, of maintaining a stringent travel, meals and entertainment policy

Date / Time: August 1, 2019

•   2:00 pm – 4:00 pm Eastern
•   1:00 pm – 3:00 pm Central
•   12:00 pm – 2:00 pm Mountain
•   11:00 am – 1:00 pm Pacific

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•   Live Video Broadcast/Re-Broadcast: Watch Program “live” in real-time, must sign-in and watch program on date and time set above. May ask questions during presentation via chat box. Qualifies for “live” CLE credit.
•   On-Demand Video: Access CLE 24/7 via on-demand library and watch program anytime. Qualifies for self-study CLE credit. On-demand versions are made available 7 business days after the original recording date and are view-able for up to one year.

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Original Broadcast Date: November 15, 2018

Ira. B. Stechel, Esq.

A veteran tax lawyer with four decades of experience representing individuals, partnerships, and corporations, Ira Stechel advises on tax planning, tax controversy, and employee benefits. Clients value Ira’s comprehensive experience in navigating the wide range of tax issues encountered in both business and personal contexts.

Ira’s diverse practice includes significant experience structuring tax efficient transactions and representing taxpayers involved in tax disputes and controversies before various taxing authorities at the federal, state, and local levels. He advises on corporate and real estate transaction work, as well as the tax implications of trust funds and workers’ compensation.

A thought leader and frequent author on tax matters, Ira is an Advisory Board member of Bloomberg BNA Tax Management, Inc. and is the author of “Entertainment, Meals, Gifts and Lodging-Deduction and Recordkeeping Requirements” and “Travel and Transportation Expenses-Deduction and Recordkeeping Requirements,” both of which are portfolios within the Tax Management U.S. Income Tax series. Ira has contributed numerous articles to the Journal of Taxation, the Tax Management Real Estate Journal, and other leading professional publications.

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Section I. Essential criteria in considering deductibility of business meal and entertainment expenses

Section II. Breadth of IRC Section 274 and the regulations thereunder

Section III. Definition under the regulations of the terms “meals” and “entertainment”

Section IV. Comparison of case law definitions of the term “entertainment”

Section V. How the definition of “entertainment” impacts the deductibility of travel expenses

Section VI. TCJA changes to the deductibility of business meal and entertainment costs, as well as related fringe benefits, and the post-TCJA statutory and regulatory exceptions thereto

Section VII. Significance post-TCJA in classifying travel, meal and entertainment expenses

Section VIII. Requirements for accountable reimbursement arrangements

Section IX. Prevention or deterrence of fraud