irs-regulation-on-fringe-benefits-taxation

IRS Regulation on Fringe Benefits Taxation

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CEU Approved | Pre Recorded

  • 60 minutes

The details of the IRC exceptions allowed by the IRS will be detailed and explained to participants. Many companies are providing more fringe benefits to employers more than ever before, thereby reducing company costs but raising employee morale. 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.

In this session expert Dayna Reum will give a better understanding of the IRS view on fringe benefits taxation. Attendees will also be able to better identify and calculate the fair market value of fringe benefits for taxation purposes.

Session Highlights: 

  • Review FMV (Fair Market Value) and how the IRS determines it.

  • Discussion on No additional cost services, employee discounts, working condition fringe benefits & De minims 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

  • The brief overview of how to handle any fringe benefits that AP pay

Why You Should Attend:

This webinar will discuss that how to calculate the value of noncash fringe benefits and also the review of excludable fringe benefits. The expert will explain how the tax cut and jobs act impacted fringe benefits. Employers are offering more fringe benefits versus cash compensation because it is a cost saving to employers. Get an overview of this and more!

Who Should Attend:

  •  All Payroll Professionals

  •  HR Professionals

  •  Accounting and Tax Professionals

  •  Benefits & Compensation Professional


 *You may ask your Question directly to our expert during the Q&A session.

 ** You can buy On-Demand and view it as per your convenience.

Dayna Reum

Dayna Reum

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.

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Edupliance is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1 PDC for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.



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