Details
Now with more and more businesses using fringe benefits to
compete for talent by keeping costs of doing business minimal, the Internal
Revenue Service counters with more robust regulations to ensure compliance. It
remains essential for payroll professionals and all employers to become aware
of the tax implications of these benefits.
This webcast by payroll expert speaker Dayna J. Reum, CPP,
FPC, will have a deep look into the regulatory position of fringe benefits by
the IRS, focusing attention on:
Taxable vs. Non-taxable Benefits: What
the IRS Considers Taxable vs. Non-taxable and How It Determines Which Fringe
Benefits are Taxable vs. Exempt under the Code.
IRC Exceptions: What IRS Code
Exception exists and How they are applied in Practice.
Compliance Concerns: Why
Providing Non-Taxable Benefits Can Sometimes Make Them Taxable Depending on
Delivery or Record Keeping.
Fair Market Value Calculation: Learn
how to correctly determine and calculate the fair market value of fringe
benefits for tax reporting purposes.
By attending this session, participants will leave with
actionable insights and tools to navigate the complex landscape of fringe
benefit taxation effectively and confidently.
Key Areas:-
- IRS
rules for taxation of Fringe Benefits
- How
to calculate the value of a noncash fringe benefit
- Review
of excludable fringe benefits and the 2025 limits
- Procedures
for recording fringe benefits
- Year-end
best practices for fringe benefit taxation and how to minimize those
challenges in 2025.
- 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 for 2025
- 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.)
- Annual
Fringe Benefit limits will be reviewed.
Who Should Attend:-
· Payroll
and Tax Professionals
· Accounting
Professionals
· CFO
· HR
Professionals
Credits
-
JIT Trainings is recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® or SHRM-SCP® recertification activities.
Dayna Reum
F.A.Q
What is a Live webinar/Training Course?
Live training course/ webinar is an Online training seminar which you can access through your computer and laptop or phone and directly interact with our expert speaker and allow to ask questions during the Live webinar. Conference material used by our speaker to the Live webinar will be provide with your Instruction kit before the Training.
What is a Recorded webinar/ Training Course?
Recorded webinars or On-Demand are self-paced audio-visual training program that you can watch at your own pace to earn Continuing Education Units (if applicable). Online, recorded training courses are accessible whenever you choose, for an unlimited number of times. Additionally, you have three months from the purchase date to watch as many times as you like. After a live training or webinar has started, you will receive the instructions and link to access the recorded training course. If it has already been recorded, you can access it right away.
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When and how will I receive information on how to participate in live Training Course or Recorded Training Course?
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Are there any discounts offered for training a group or multiple participants?
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Why have I not received the Email invitation with the link for the webinar?
Please verify that the email address you provided when joining up with us is accurate. If so, kindly check to see if the email was delivered to your spam or bulk mail folder. If you are still unable to locate this email, we kindly ask that you get in touch with our customer support team by phone or email using the information on the Contact Us page.
Can I share my recorded webinar access link or content with my other colleagues?
The terms and conditions established prior to the purchase were clear that the link supplied was just for your use. Anyone else you know who wants to watch this recorded webinar must do so on their own dime. The recorded webinar is only available as a streaming option; downloading is not permitted.
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Recorded$ 165
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E-transcript$ 165
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Recorded + E-transcript$ 175
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Recorded with Copyright$ 185
