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OnDemand Course

Taxation of Employer-Paid Benefits

Understand how to identify taxable versus nontaxable fringe benefits and administer them in accordance with the tax code.

The tax code is an ever-evolving and changing framework in which employers have to operate when providing employees with benefits as part of the employees' compensation packages. Fringe benefits can be utilized by all types and sizes of employers to both attract and retain employees and also to reduce the employer's portion of payroll taxes. Identifying taxable versus nontaxable fringe benefits and administering them in accordance with the tax code is essential to avoid draconian tax penalties and costly corrections. This material will help you understand the types of fringe benefits that can be offered to employees and the current taxation of those benefits so that employers can most efficiently attract and retain their most valuable resource, their employees.

86 minutes
Course Exam
Certificate of Completion
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Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview of Fringe Benefits

  • Retirement
  • Health
  • Welfare

Taxable Fringe Benefits

  • Bonuses
  • Transportation Expenses
  • Excess Group Term Life
  • Relocation Benefits
  • Valuation
  • Reporting Requirements

Rules and Exceptions to Taxation

  • Qualified Plans
  • Nonqualified Plans
  • Cafeteria Plans
  • De Minimis Fringes
  • Working Condition Fringes
  • No Additional Cost Fringes
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on March 24, 2020.

Call 1-866-352-9540 for further credit information.

  • AIPB 1.0
     
  • This program is acceptable for 1.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • ASA 1.25
     
  • This program qualifies for 1.25 continuing education hour(s) towards maintaining your ASA credential. Please contact ASA for more information at [email protected]. Please retain proof of attendance in the event your CE record is audited.
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Dannae L. Delano

Dannae L. Delano

The Wagner Law Group

  • Partner in the St. Louis office of The Wagner Law Group
  • Practice concentrates on employee benefits law, executive compensation, and taxation
  • Considerable experience in integrating a range of benefits plans in mergers and acquisitions and in correcting plan errors
  • Conducts regular seminars and workshops on all aspects of employee benefit compliance, for retirement plans, health and welfare plans, and executive compensation planning
  • Wrote several publications related to employee benefit compliance issues
  • Can be contacted at 314-236-0065, [email protected], or www.wagnerlawgroup.com
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 407111
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