a2zwebtraining

Taxing Gifts, Awards and Other Fringe Benefits

Live Webinar | Dayna Reum | From: Feb 11, 2020 - To: Dec 31, 2020

Training Options & Pricing

Error Conference Exists In Wish-list.

Congrats Conference Added In Wish-list.

Recorded Session     $229
DVD     $249
Recorded Session & DVD     $399
Transcript (Pdf)     $229
Recorded & Transcript (Pdf)     $389
DVD & Transcript (Pdf)     $399


Description

In this webinar, the speaker will discuss a number of excludable fringe benefits such as Retirement planning, athletic facilities, achievement awards, etc.

Companies are providing more fringe benefits to employers more than ever before, thus reduces company costs 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.

Areas 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 minimis Fringe Benefits
  • Review qualified transportation benefits
  • Discuss a number of 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
  • A brief overview of how to handle any fringe benefits that AP pay

Why you should Attend:-

The IRS is auditing employers more and more each day and an area of most non-compliance. Most non-compliance occurs in regard to handling fringe benefits. Plus employers are offering more fringe benefits versus cash compensation because it is cost-saving to employers.

Who Will Benefit:-

  • Payroll Managers
  • Payroll Supervisor
  • AP Professionals