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Overview

Companies are providing more fringe benefits to employers more than ever before, thus reduces company cost but raises employee morale.  Because of this, the IRS has more to say on what Fringe Benefits are taxable and what is not.  The IRS for non-taxable fringe benefits puts a lot of regulation around how the fringe benefit is given and when that also determines if a thought non-taxable item may end up being taxable.
 

Area Covered in the session

-Review FMV (Fair Market Value) and how the IRS determines it. 
-Discussion on No additional cost services, employee discounts, working condition fringe benefits & De minimizes Fringe Benefits. 
-Review qualified transportation benefits 
-Discuss several excludable fringe benefits such as Retirement planning, athletic facilities, achievement awards, etc. 
-Discuss fringe benefits that should be taxable 
-Review Moving/Relocation Expenses 
-Review executive taxation items, like spousal travel. Company aircraft usage etc. 
-Once a benefit is determined taxable, how to handle it 
-Brief overview of how to handle any fringe benefits that AP pay.
 

Why Attend this Training

Participants with walk away with a better understanding of the IRS view on fringe benefits taxation.  The details of the IRC exceptions allowed by the IRS will be detailed and explained to participants.  Participants will be able to better identify and calculate the fair market value of fringe benefits for taxation purposes.
 

Duration: 60 Minutes
Suggested Attendees

-All Payroll Professionals
-Compensation Professionals
-Accounting Professionals
-Purchasing Managers
-HR Professionals
-Tax Professionals
-Benefits Professional

You may ask your Question directly to our expert during the Q&A session.

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