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Back to Course Descriptions
Prerequisite - None
Program Level - Basic
Advance Preparation - None
Instructional Delivery Method - This course includes a minimum of 5 review questions with correct and incorrect responses and 5 exam questions for each cpe hour. For the best results we recommend the following steps to complete this course:
(1) Complete the reading assignments. We recommend you read and study all of the required materials prior to beginning the review or final exam.
(2) Complete the related review questions. Each review question offers interactive feedback for all questions. We recommend that you view all feedback, correct and incorrect, to each question. These responses focus on key areas related to the questions and will assist in preparing for the exam.
(3) Complete the exam. Review any incorrect answers.
Recommended CPE Credit - 3 hours (6 hours for Enrolled Agents). These hours are based on pilot testing results and a 100 minute study hour (50 minute study hour for Enrolled Agents).
Course Registration Requirements - CPAs should check the Sponsor Information page to determine if this course is available in their state of registration.
Lesson and Objectives |
Reading
Assignment |
| Travel, Entertainment, Gift, and Car Expenses |
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1. Travel |
Chapter 1 |
The learning objectives for this lesson are to gain an understanding of:
- Traveling away from home
- Temporary assignment or job
- What travel expenses are deductible?
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| 2. Entertainment |
Chapter 2 |
The learning objectives for this lesson are to gain an understanding of:
- What entertainment expenses are deductible?
- 50% limit
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| 3. Gifts |
Chapter 3 |
The learning objectives for this lesson are to gain an understanding of:
- The $25 limit
- Gifts vs. entertainment
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| 4. Transportation |
Chapter 4 |
The learning objectives for this lesson are to gain an understanding of:
- Car expenses
- Disposition of a car
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| 5. Recordkeeping |
Chapter 5 |
The learning objectives for this lesson are to gain an understanding of:
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