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How to Handle the Taxation When Feeding, Housing and Educating Your Employees (HRM741P)

Presented By : Vicki M. Lambert , CPP
(*) Single User Price. For multiple users please call 1-800-223-8720
Pre Recorded Webinar
90 minutes
  •  Tue, July 22, 2014
Event Description
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1.5 Credits

Answer Various Questions that Crop up while doing the Taxation Related to Feeding, Housing and Educating your Employees. Be Compliant with Internal Revenue Tax Code.

You have to agree, complying with the Internal Revenue Tax Code’s requirements can be complicated – what’s with the various federal regulations for fringe benefits that fall into the categories of relocation, meals, lodging and educational assistance. It is a major component of payroll department’s responsibility to do the taxation and reporting of these fringe benefits by many companies today. With the IRS looking for consistency of treatment – mistakes simply cannot be afforded at this juncture.

It is necessary for you to know as a payroll professional when relocation is taxable and when it is not, when it is reportable and when it is not. Payroll should know whether the cost of meals provided onsite are to be considered wages or is it ‘tax free’. Does it affect the taxation if the employee pays for the meal? Does the lodging provided by the employer to some of its employees come under wages in all cases or does payroll need to determine if the benefit falls in the ‘non-taxable’ category? Is education assistance still taxable only above a certain dollar amount or did Congress change the rules on it again?

All fringe benefits must be handled correctly but when it comes to benefits that feed, house and educate your employees, the taxation rules can sometimes be tricky. However, by correctly taxing these types of benefits, the payroll department can minimize the chance for penalties and interest to be levied against your company or for triggering larger and more intrusive governmental audits.

In this audio-conference, expert speaker Vicki Lambert is going to discuss the requirements of the Internal Revenue Code as it relates to certain fringe benefits including relocation, meals and educational assistance. Guidance will be provided on how these benefits should or should not be taxed and/or reported.

Training Objective:

  • The taxation pitfalls of company relocation and how to avoid them
  • When can an employer pay for relocation
  • What must be taxed when relocating an employee and what must only be reported
  • On-site lodging taxation and reporting
  • Taxing lodging for executives such as vacation condos
  • Providing meals for employees—is it taxable or not?
  • Are the rules different for on-site cafeterias
  • What if the employee pays for the meal—does that affect taxation
  • What to do with occasional meals
  • Educational assistance programs and taxation

Who Should Attend

  • All Payroll and human resources professionals who must handle the payment of wages and fringe benefits.

Ask a question at the Q&A session following the live event and get advice unique to your situation, directly from our expert speaker.

About Our Speaker(s)

Vicki M. Lambert, Hr Training Programs ExpertVicki 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 ... More info

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    Event Title: How to Handle the Taxation When Feeding, Housing and Educating Your Employees
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