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Sponsored by Lorman Education
Product ID: 407111EAU
 
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Taxation of Employer-Paid Benefits

OnDemand Webinar (85 minutes)

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.

Authors

Dannae L. Delano, The Wagner Law Group

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