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February 10, 2021
2021-0303

Wednesday, March 10 | Meals and entertainment (M&E) expenses and other fringe benefits (4 pm ET)

The rules governing the deductibility of M&E expenses continue to change. Recently, the Consolidated Appropriations Act, 2021, enacted December 27, 2020, temporarily suspended the 50% deduction limitation in the case of restaurant meals, thus modifying changes made to the deductibility of meals under the Tax Cuts and Jobs Act (TCJA). In 2020, Treasury and the IRS finalized regulations interpreting changes made by the TCJA to the deductibility of meals, entertainment, parking and other commuting expenses.

On this webcast, we will provide an overview of the changes to the rules. We will also discuss:

  • Deductibility of meal expenses in 2021 and beyond
  • Allocation of deductible parking expenses
  • Impact of COVID-19 on deductibility of expenses
  • Deductibility of commuting expenses

This is an interactive webcast and we encourage you to ask questions.

Date: Wednesday, March 10, 2021

Time: 4:00-5:00 p.m. EST New York; 1:00–2:00 p.m. PST Los Angeles

Registration: View archive here.

Panelists

  • Christa Bierma, Principal, National Tax – Compensation and Benefits, Ernst & Young LLP

  • Stephen LaGarde, Principal, National Tax – Compensation and Benefits, Ernst & Young LLP

Moderator

  • Scott Mackay, Partner, National Tax; Leader, Accounting Periods, Methods & Credits, Ernst & Young LLP

CPE credit offered: up to 1.2 depending on actual duration. Recommended field of study: Taxes. Learning objective: Learn important developments in meals and entertainment. This course has no prerequisites or advanced preparation. Final CPE award to be based on content, polling and length of participation. See CPE FAQ for more information.

1.0 RCH credit is available to Certified Payroll Professionals (CPP) and Fundamental Payroll Certification (FPC) professionals.

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