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

Learning Objectives:-

• 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
• A brief overview of how to handle any fringe benefits that AP pays.

Why should you attend?

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

Who should attend?

• AP Professionals
• Tax Professionals
• Payroll Professionals
• Human Resources Professionals
• Accounting Personnel
• Business Owners
• Lawmakers
• Attorneys
• Compensation and Benefits Executive