New Tax Law Section 274: Meals and Entertainment Deductions


September 06, 2018


Daniel J. Pilla

  1:00 PM ET | 12:00 PM CT | 10:00 AM PT | 120 Minutes


Get Clarity on Meals and Entertainment Deductions Under the TCJA

For generations business people were allowed to deduct expenses associated with entertaining current or prospective clients, customers and patients. Generally, business-related meals and entertainment expenses were deductible up to 50 per cent. If taxpayers fulfilled certain criteria, they were eligible for even larger deductions.

Over time Congress whittled away the scope of the deduction allowed for such expenses, but the Tax Cuts and Jobs Act (TCJA) put a wooden stake through the heart of the deduction.

There now seems to be confusion over the extent to which entertainment expenses are allowed and cases where deductions are disallowed. This informative, 90-minute webinar by Daniel J. Pilla, USTCP (US Tax Court Practitioner), Enrolled Agent will clear up the confusion and give you clarity on the meals and entertainment deductions under the TCJA.

You’ll not only understand the amendment to Section 274 but know how to comply with the law while enjoying maximum deductions.

Training Highlights:

  • Understand the amendment to code Section 274(a)(1)
  • What the Jobs Act did, and did NOT do to meals and entertainment expenses
  • The difference between “meals” and “entertainment” under the law
  • How to keep proper records of meals
  • How to reconstruct lost records or incomplete records
  • Analysis of §274 in light of the Tax Cuts and Jobs Act
  • Legal authority for deduction of meals apart from §274
  • Records requirements under §274(d)

Who will benefit

The following people will benefit from, and should therefore attend, this webinar:

  • Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Financial Planners
  • Attorneys
  • Other professionals involved in tax preparation or planning for small businesses

Download Conference Material