Chapter 9 Employee Expenses and Deferred compensation
Chapter 9 Employee Expenses and Deferred Compensation
Learning Objectives Determine the proper classification and deductibility of travel and transportation expenses Determine the proper deductible amount for entertainment expenses under the 50% disallowance rule Identify deductible moving expenses and determine the amount and year of deductibility
Learning Objectives • Determine the proper classification and deductibility of travel and transportation expenses • Determine the proper deductible amount for entertainment expenses under the 50% disallowance rule • Identify deductible moving expenses and determine the amount and year of deductibility
Learning objectives Describe the requirements for deducting education expenses Determine whether the expenses of an office in the home meet requirements for deductibility and apply the gross income limitations Discuss the tax treatment requirements for various deferred compensation arrangements
Learning Objectives • Describe the requirements for deducting education expenses • Determine whether the expenses of an office in the home meet requirements for deductibility and apply the gross income limitations • Discuss the tax treatment requirements for various deferred compensation arrangements
Classification Of Employee Expenses Nature of employment relationship Limitations on Unreimbursed employee expenses
Classification Of Employee Expenses • Nature of employment relationship • Limitations on Unreimbursed employee expenses
Nature Of Employment Relationship Significant tax consequences flow from the characterization of a taxpayer as an employee Self-employed (independent contractor)
Nature Of Employment Relationship • Significant tax consequences flow from the characterization of a taxpayer as an employee Vs. Self-employed (independent contractor)