Companies are providing more fringe benefits to employees than ever before, which increases company costs but raises employee morale. Because of this the IRS has more to say on which Fringe Benefits are taxable and which are not. The IRS puts a lot of regulation around how the fringe benefit is given for non-taxable fringe benefits. This webinar will provide guidance on how you can determine when a benefit becomes taxable
- 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.
- Current changes due to tax reform
Learning Objectives:
- Learn FMV (Fair Market Value) and how the IRS determines it.
- Learn Moving/Relocation Expenses
- Learn qualified transportation benefits
Participants will walk away with a better understanding of the IRS views on fringe benefit taxation. The details of the IRC exceptions allowed by the IRS will be detailed and explained thoroughly. Participants will also be able to better identify and calculate the fair market value of fringe benefits for taxation purposes.
- Payroll professionals
- HR Professionals
- Compensation Professionals
- Accounting Professionals
Note: You will get access to the Recording link and E-Transcript; in your account and at your registered email address.
Dayna is currently the Director of Payroll Operations at Ann & Robert Lurie Children’s Hospital of Chicago. Dayna has been heavily involved in the payroll field over 17 years. Starting as a payroll clerk at a small Tucson company, Dayna moved on to be a Payroll Team Leader at Honeywell Inc. During Dayna’s time at Honeywell she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association. She also received several merit awards for Customer Service and Acquisitions and Divestitures. Dayna is no stranger to teaching she has taught at the Metro Phoenix American Payroll Association meetings and at the Arizona State Payroll Conference.
Topics including Payroll Basics, Global/Cultural Awareness, Immigration Basics for the Payroll Professional, Multi-State and Local Taxation and Quality Control for Payroll, International and Canadian payroll. Dayna has her CPP (Certified Payroll Professional) through the APA. She also serves on the National American Payroll Association on the National Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee). Dayna has received a Citation of Merit for her service along with being a Gold Pin member of the APA. Besides her payroll accomplishments Dayna is certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.
STARTS AT $299
- 3 Live + Recording
- CEU Credits (SHRM & HRCI)
- Certificate of Participation
- Course Materials (PDF Material)
- 5 Live + Recording
- E-Transcript of Webinars
- Download Access of Webinars
- CEU Credits (SHRM & HRCI)
- Certificate of Participation
- Course Materials (PDF Material)
- 7 Live + Recording
- E-Transcript of Webinars
- Download Access of Webinars
- CEU Credits (SHRM & HRCI)
- Certificate of Participation
- Course Materials (PDF Material)
- 10 Live + Recording
- E-Transcript of Webinars
- Download Access of Webinars
- CEU Credits (SHRM & HRCI)
- Certificate of Participation
- Course Materials (PDF Material)
