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
Field of Study: Taxes – Technical, Accounting
Program Level: Intermediate
Credit Type: Group Internet-Based for the Live Program.