Details
In this session, participants will gain a comprehensive understanding of the IRS perspective on fringe benefit taxation. We will delve into the intricate details of Internal Revenue Code (IRC) exceptions permitted by the IRS, providing clear explanations to participants.
As companies increasingly offer a diverse range of fringe benefits to enhance employee morale and reduce overall costs, it becomes imperative to navigate the IRS regulations governing the taxability of these benefits. The IRS has established specific guidelines for determining which fringe benefits are taxable and which are not. Understanding the intricacies of these regulations is crucial, as seemingly non-taxable items can become taxable based on how and when they are provided.
By the end of the session, participants will be equipped with the knowledge to better identify and calculate the fair market value of fringe benefits for taxation purposes. This insight will empower them to navigate the complex landscape of IRS regulations, ensuring compliance and informed decision-making in the realm of fringe benefit taxation.
Key areas:-
· 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.
· Annual Fringe Benefit limits will be reviewed
· 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
· Review FMV (Fair Market Value) and how the IRS determines it.
Who Should Attend:-
· Human Resources Executives/Managers/Administrators
· Accounting Personnel
· Business Owners/Executive Officers/Operations and Departmental Managers
· Lawmakers
· Attorneys/Legal Professionals
· Any individual or entity that must deal with the complexities and requirements of Payroll compliance issues
Credits
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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.
How do I register/purchase training?
Browse our website and choose your interest of webinar and product, select the quantity, click on the ‘Add to Cart’ button to purchase it and check cart option. Enter the asked details to create an account on our website. These details are required in order to deliver you the product. Pay through our 100% secure payment methods. Choose paying by PayPal account or Debit/Credit card.
How do I watch/attend the training course?
Live Training Course- You will get the Live webinar Instruction kit with the joining link one day prior to the Live webinar on your registered email address. Recorded Training Course - You can watch your recorded session by accessing the link which will be provided in instruction kit through your email, or you can access your recorded session link in your registered account.
What are the system requirements to attend a live/Recorded Training Course?
You can easily access your webinars by computer and laptop or with your phone.
What happens if I am unable to join the webinar or live training course?
No need to worry! Your Live Training purchase will be automatically changed in the Recorded webinar which you can watch anytime at per your convenience in your registered account or through Instruction kit on your email. You can directly contact us through chat box or by email support@jittrainings.com regarding the changes.
When and how will I receive information on how to participate in live Training Course or Recorded Training Course?
Live Training Course– You will receive instruction kit one day prior to the Live webinar on your registered email address. Recorded Training Course– Instruction kit to access the Recorded Training Course will be emailed on your registered email address after 24 hours of the Live webinar and in case of pre-recorded webinar you will get your Instructions after 12 hours of your purchase.
Are there any discounts offered for training a group or multiple participants?
Yes. Our group participant training choices are created with large audiences in mind and offer cost-effective options. To learn more, contact us via chat or at support@jittrainings.com.
What are the various modes of payment?
We accept following forms of payment methods: All major credit cards and debit cards are accepted through Stripe - Visa, MasterCard, Discover, American Express etc. We accept payments through PayPal, Invoices. - Email us on support@jittrainings.com or chat with us to know about it.
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$ 155
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E-transcript$ 155
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Recorded + E-transcript$ 165
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Recorded with Copyright$ 185
