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Recorded Human Resources

Fringe Benefits of 2022: Taxing Gifts, Awards and Others

RECORDED TRAINING COURSE 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 aroun...

Date & Time
18 May 2022 | 10:00 AM PDT
Duration
60 Minutes
Speaker
Dayna J. Reum
Credits
Not accredited
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Purchase Options

  • Watch a recording of the session on demand, available after the live class.
    $99
  • A written PDF transcript of the session, delivered after the live class.
    $99
  • Watch a recording of the session on demand, available after the live class. A written PDF transcript of the session, delivered after the live class.
    $159
  • Downloadable course materials to keep.
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Webinar Overview

RECORDED TRAINING COURSE

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.

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 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  

Why You Should Attend

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.

Who Should Attend

  • 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.

Speaker(s)

Dayna J. Reum

Dayna J. Reum

Top-Rated Compliance Instructor Instructor