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Identifying and Reporting Employee Fringe Benefits (HRM477T)

Presented by: Vicki M. Lambert, CPP
 
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Pre Recorded Webinar
100 minutes
  •  Thu, April 20, 2017
Event Description
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Understanding IRS Taxation and Reporting Requirements for Fringe Benefits

Let’s face it, complying with the Internal Revenue Tax Code requirements and federal regulations for fringe benefits such as relocation, meals, lodging, educational assistance, health insurance, transportation and third party sick pay can be complicated. The taxation and reporting for these fringe benefits offered by many companies today are major components of a payroll department’s responsibilities. And with the IRS looking for consistency of treatment—you can’t afford to make a mistake.

As a payroll professional you must know when a fringe benefit is taxable and when it is not, when it is reportable and when it is not. Payroll must know when providing a fringe benefit must be considered wages or if it is “tax free”.  What if the employee pays some of the cost of a fringe benefit? How does that affect taxing and reporting? Are there dollar limits? Does it become taxable after a certain amount? All fringe benefits must be handled correctly to minimize the chance for penalties and interest to be levied against your company or for triggering larger and more intrusive governmental audits.

Fringe benefits are an integral part of a compensation package for employees today. When determining what fringe benefits to provide the first question that usually arises is “how are we going to do it”. But your task doesn’t stop once that question is answered and the fringe benefit is provided.

Join this session by expert speaker Vicki M. Lambert, CPP to understand the IRS taxation and reporting requirements for fringe benefits.

Session Highlights:

  • Transportation Fringe Benefits
  • Section 132 Fringe Benefits
  • Meals, Clothing, Housing and Education Fringe Benefits
  • Health and Other Insurances
  • Third Party Sick Pay

Who should attend?

  • Payroll professionals
  • Human Resources
  • Accounting Personnel
  • Business Owners
  • Lawmakers
  • Attorneys
  • Any individual or entity that must deal with the intricacies of taxing and reporting of Fringe Benefits
About Our Speaker(s)

Vicki M. Lambert | Payroll Training SpeakerVicki M. Lambert CPP
Vicki M. Lambert, CPP is President and Academic Director of The Payroll Advisor™ a firm specializing in the training of payroll professionals. With over three decades of hands-on experience in all facets of payroll functions as well as over 20 years as a trainer and author, Ms. Lambert is a sought-after and respecte... More info

 
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    Subject: You might be interested in this event from AudioSolutionz
    Event Title: Identifying and Reporting Employee Fringe Benefits
    Presenter(s): Vicki M. Lambert, CPP

 
 
 
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