Special Executive Report
Fringe Benefits: What's Taxable, What's Not21 Must-Know Regs and Updates
Handling fringe benefits is a headache even for the most experienced finance pros. Why? In the realm of employer-provided benefits, few areas are as complicated. Whether you're providing educational assistance or just giving away tickets to a game, fringe benefits run a wide gamut.
How can you ensure you're taxing and excluding the right fringe benefits in the eyes of the IRS, providing the necessary documentation and complying with the glut of IRS requirements to avoid penalties?
The Solution: "Fringe Benefits: What's Taxable, What's Not"
Straightforward Fringe Benefits Guidance in 30 Minutes
- What does "fringe" really mean anyway? IRS definition
- What's taxable, what's not? IRS has good and bad news for you
- Fringe benefit exclusions: Why knowing the exemptions is the most critical
- Detailed examination of 21 key fringe benefit exclusions
Jammed with up-to-date requirements, guidelines, and examples, this fast-read executive report gives you actionable tactics you can use today to handle the most complicated fringe benefits and ensure IRS compliance.
Key Fringe Benefit Exclusions You Need to Know
- Cafeteria plans: Which benefits can be included, which can't and whose eligible
- De minimis benefits: How to determine small value benefits are taxable and when they are not
- Employee discounts: Exclusion limits and tax breakdown
- Group term life insurance: 6 conditions that determine fringe benefit exclusion
- Education assistance: 4 factors for tax exemption
- Employee stock options: 3 types of fringe benefits and what you must report
- What is a highly compensated employee and how their fringe benefits are different
- 4 conditions for giving achievement awards
- Working conditions benefits: How to handle company cars and job-related training
- Free food! Properly handle fringe benefit meals
- 3 criteria for providing lodging to employees
"Fringe Benefits: What's Taxable, What's Not" is a clear and complete guide that walks you through all the IRS requirements and fringe benefit exclusion. You'll be able to effectively document and report all the necessary information, minimize errors, and avoid IRS penalties.
Take Control of Fringe Benefit Handling and Reporting at Your Company