Reimbursing Under Accountable Expense Reimbursement Plans - With Emplo
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Reimbursing Under Accountable Expense Reimbursement Plans - With Employee Business Expense Deduction Gone, It's the Only Game in Town


Total Credits: 2 including 2 Taxes - Technical

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Category:
ACPEN Industry Institute |  ACPEN Tax Institute |  Tax
Faculty:
Bradley Burnett, J.D., LL.M.
Course Levels:
Update
Duration:
2 Hours
License:
Access for 40 day(s) after program date.


Description

With employee business expenses no longer deductible for employees, reimbursing employees is the only game left in town. Tens of thousands of dollars, if not more, are at risk annually, all at the throws of whether an accountable expense reimbursement plan is properly structured and operated.  To be on the right side of this one, nothing at all can be taken for granted.  All must be done impeccably else the employment and income tax consequences can be fierce.

Basic Course Information

Learning Objectives
  • To learn the critical importance of proper structure and operation of an accountable plan to reimburse employees for out-of-pocket business expenditures
  • To learn how proper substantiation can save your bacon or improper substantiation can cook it 
  • To learn how to do everything right in this context and take nothing for granted

Major Subjects
  • Proper structure and operation of an accountable expense reimbursement plan
  • Deadly consequences of failure to properly structure and operate
  • Per diem plans for away from home travel and meals
  • Reimbursing employees for use of employee's vehicle
  • What does WWWWH have to with it anyway?
  • How language on the paycheck stub can sink your boat (even if you do everything else right)
  • What is temporary travel and why is it so not great if it's not
  • When an employer can pay for an item directly and to avoid taxable wages (what substantiation must be done no matter what)
  • How a sole proprietor or partner can benefit from these rules
  • Tool rentals:  The good, the bad and the not pretty at all
  • How the Alaskan pipeline led to a huge stumbling block we all must heed

Course Materials

Faculty

Bradley Burnett, J.D., LL.M. Related seminars and products: 20


Bradley Burnett, J.D., LL.M. (Taxation), is a practicing Colorado tax attorney with 33 years of tax practice experience. His practice emphasis is on tax planning and tax controversy resolution. He also prepares a handful of tax returns.

Prior to establishing his own law firm in 1990, he practiced tax accounting with national and local CPA firms, worked as trust officer for a Denver bank and managed the tax department as partner in a medium-sized Denver law firm. After receiving his undergraduate degree in accounting and law degree (J.D.), he earned a Master of Laws (LL.M.) in Taxation from the University of Denver School of Law Graduate Tax Program.

Mr. Burnett has delivered more than 3,000 presentations on U.S. tax law throughout all fifty U.S. states, Washington, D.C., the Bahamas, Italy, Greece, Turkey and Canada. He has authored texts of 35 CPE courses.

Bradley served as adjunct professor at the University of Denver School of Law Graduate Tax Program, where he pioneered an Employment Tax course and occasionally pinch hit teaching the IRS Practice and Procedure topic.  He has appeared on television answering tax questions for call-in viewers of Denver NBC affiliate KUSA Channel 9.  Brad received the Illinois Society of CPAs Instructor Excellence Award for teaching in Chicago and five times has been the top rated, most requested instructor for CPA Society annual tax conferences.

Burnett’s seminar style is to deliver the subject matter in briskly paced, enthusiastic and witty fashion. His forte’ is the candid communication of practical ideas relating to tax law.


Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For
  • Any person desiring to responsibly structure and operate tax free reimbursement of employees and other workers for business expenses such as travel, entertainment, meals, transportation and other
  • For persons desiring tax free direct payment of such expenses on behalf of a worker

Original Recording Date 04/03/2019
Yellow Book No
Course Developer Bradley Burnett Tax Seminars, Ltd.
Date Added to Catalog 02/19/2019

Additional Information

Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Instructional Delivery Method Group Internet Based

Promo Video

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