Fringe Benefits Blitz: Taxing & Reporting Fringe Benefits in 2018

Event Information
Product Format
Prerecorded Event
100 minutes
Product Description

Know How the Latest Tax Reform Affects Fringe Benefit Taxation This Year


Reporting and taxing employee fringe benefits is complicated. There are many benefits to keep track of—including relocation, meals, lodging, educational assistance, transportation, and third-party sick pay—and they each have their own requirements. To make matters more challenging, the recent Tax Cuts and Jobs Act made some changes to how employee fringe benefits are taxed, as of January 1, 2018. Just when you thought you were a pro, you’ve got a lot to learn!

Join payroll tax expert speaker Vicki Lambert as she gives you the information you need to understand the latest rules under the new tax bill. You’ll know when providing a fringe benefit must be considered wages or if it is “tax-free.” You’ll understand how to recognize, report, and calculate fringe benefits such as transportation and Section 132 fringe benefits, as well as third-party sick pay. With the IRS looking for consistency of treatment—you can’t afford to make a mistake.

After attending this event, you’ll confidently minimize the chance for penalties and audits because you’ll know when fringe benefits are taxable and reportable and when they aren’t. As a payroll professional, guessing is not an option—all fringe benefits must be handled correctly, and this conference will give you the skills you need to do that.

Session Highlights

Here is a taste of what you will uncover:

How to calculate and tax transportation fringe benefits, including:

  • Four allowable methods to calculate the personal use of a company car
  • How to calculate the taxable wages for the personal use of a company vehicle using one of the four accepted IRS methods
  • When an auto allowance is considered taxable wages and when it is not
  • When to tax (and when not to) IRS 132 transportation fringe benefits including parking, bus passes and tokens, and bicycles—what are the limits, and were they affected by the new tax bill?
  • Calculating the personal use of a company aircraft even if there is a business trip involved somewhere

Section 132 fringe benefits, including:

  • Working condition fringe benefits
  • De minimis fringe benefits
  • Employee discounts
  • No additional cost services
  • Employee achievement awards for length of service and safety—the changes under the new tax bill
  • Cash and non-cash prizes and awards
  • Cell phones
  • Gift certificates and gift cards
  • Holiday gifts

Understand third-party sick pay reporting and taxation, including:

  • What is third-party sick pay?
  • When is the third party the employer’s agent and when are they not?
  • How does the status of the employer’s agent affect the taxation and reporting of third party sick pay?
  • When is third-party sick pay taxable for income tax?
  • When is third-party sick pay taxable for FICA and FUTA?
  • When is third-party sick pay nontaxable?
  • Who reports the payments for third-party sick pay for such forms as the 941 and W-2?
  • The latest version of IRS Third-Party Sick Pay form
  • What happens to the taxation if the employee pays a portion of the premium?

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
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About Our Speaker

Vicki M. Lambert

Vicki M. Lambert, CPP, is President and Academic Director of The Payroll Advisor™, a firm specializing in payroll education and training. The company’s website offers a payroll news service which keeps payroll professionals up-to-date on the latest rules and regulations.

With over 35 years of hands-on experience in all facets of payroll functions as well as over 20 years as a trainer...   More Info
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