22January

EVENT DATE

Wednesday, Jan 22, 2020

PRESENTER(s)

Dayna J. Reum

1:00 pm ET | 12:00 pm CT |11:00 am MT | 10:00 am PT

Duration : 60 Minutes

Training Description

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

In this program, you’ll learn how to:

  • IRS rules for taxation of Fringe Benefits
  •  How to calculate the value of a noncash fringe benefit
  •  Review of excludable fringe benefits
  •  Details of how the tax cuts and jobs act impacted fringe benefits
  •  Procedures for recording fringe benefits
  •  Year end best practices for fringe benefit taxation

BENEFITS:

  • Review FMV (Fair Market Value) and how the IRS determines it.
  •  Discussion on No additional cost services, employee discounts, working condition fringe benefits & De minimis 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.

Who Should Attend:

  • Payroll professionals
  • Accounting Professionals
  • Tax Professionals
  • Benefits Professionals

Ask a question at the Q & A session following the live event and get advice pertaining to your situation, straight from our expert speaker.

    Training Format

    Live Webinar

    Industry

    Human Resource & Payroll

    What is On-demand ?

    Replay of previously recorded Webinar available online to access anytime, anywhere. And you can watch this webinar multiple times within 24 hrs on the date of your choice. You will receive the instructions & link to attend the On-Demand webinar on the webinar date only.

    *Above prices are for single user only, for multiple users call us at 855-358-8585