The Tax Cuts and Jobs Act of 2017 has added more complexity and change to the federal income tax rules for employee fringe benefits. In this practical webinar, you will receive a detailed overview of the federal income tax rules for employer-provided fringe benefits. Among other things, you will learn important reporting and withholding requirements to ensure that employers fully comply with their federal tax obligations. You will also learn about recent changes in this area under the Tax Cuts and Jobs Act.
Upon course completion, you will be able to:
- Identify which fringe benefits must be included in employees’ income and which are excludable, including those that are not deductible by the employer
- Take full advantage of those fringe benefits that are not includable in employees’ income, but are still deductible by the employer
- Describe the special rules for “no additional cost services,” qualified employee discounts, working condition fringe benefits, and “de minimis” fringe benefits
- Apply the complex IRS rules that apply to employee expenses for meals and lodging
- Outline the IRS rules for personal use of employer-provided vehicles
- Maximize the Internal Revenue Code’s rules for providing educational benefits to employees and family members
- Navigate the complex area of employee parking and other transportation fringe benefits after the changes made by the Tax Cuts and Jobs Act
- Explore the federal income tax rules for business meals and entertainment as these have been tightened by the Tax Cuts and Jobs Act
Prerequisites: None
Field of Study: Taxes – Technical, Accounting
Program Level: Intermediate
Credit Type: Group Internet-Based for the Live Program.
Luke Bailey
Mr. Bailey concentrates his practice in employee benefits law and executive compensation. He has extensive experience in the tax and fiduciary requirements of qualified retirement and other employee benefit and executive compensation plans of both private and public corporations and state and local governments. He has also worked extensively in the area of employer-provided fringe benefits. Mr. Bailey’s practice includes designing, drafting, and advising on the operational compliance and federal income tax issues of qualified retirement plans (both 401(k) and defined benefit),403(b), 457(b) plans, nonqualified deferred compensation plans subject to Section 409A of the Code, and stock compensation plans. Mr. Bailey received his Juris Doctor from the University of California, Berkeley School of Law in 1982.
CLE Credits (Law)
| Credit | Value | Type | Format |
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In some CLE states, the course will be submitted to the bar after you register. If for any reason the course is not approved, we will fully refund your registration fee. If a state is listed on this course, then we are confident the course fits that state's standards and already is or will be approved for credit.
Accounting Credits
| Credit | Value | Field of Study | Format |
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Clear Law Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org. For more information regarding administrative policies such as complaint and refund, please see the tab above on our Money-Back Guarantee or contact us at 703-372-0550.
CPE Credit - Maximum Credit Hours: Please see above. You must attend at least 50 minutes to obtain credit. Fields of Study: Please see above. Teaching Method: Lecture. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state’s regulatory board.
Clear Law Institute has registered with the Texas State Board of Public Accountancy as a CPE Sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE Program.
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