Publisher
WiseGuides, Inc.
2796 Greenspire Ln
Akron, Oh 44333
Fringe Benefits
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Copyright © 2010 | Field of Study: Taxes Level: Basic Recommended CPE Credit 4 hours Prerequisites: None Advanced Preparation: None Type of Delivery: Self-Study Expiration: Course expires 1 year after purchase Course Update: Feb, 2010 Accreditation: NASBA, IRS, CTEC, OTPB Guarantee/Complaint Resolution |
Course Outline
Lesson 1 - Fringe Benefits
Learning Objectives 1
Fringe Benefit Overview
Are Fringe Benefits Taxable?
Cafeteria Plans
Benefits Not Allowed
Highly Compensated Employees
Key Employees
Lesson 2 - Fringe Benefit Exclusion Rules
Learning Objectives 2
Excluded Benefits
Accident and Health Benefits
Achievement Awards
Adoption Assistance
Athletic Facilities
De Minimis Benefits
Dependent Care Assistance
Educational Assistance
Employee Discounts
Employee Stock Options
Lesson 3 - Fringe Benefits Continued
Learning Objectives 3
Group-Term Life Insurance
Group-Term Insurance is not
The 10-Employee Rule
First Exception
Second exception
Exclusion From Wages
Exception for Key Employees
Participation
Benefits
2% S Corporation Shareholder
Coverage Over Limit
Health Savings Accounts
Lesson 4 - More Fringe Benefits
Learning Objectives 4
Lodging
De Minimis Meals
Meals on Business Premises
Moving Expense
No-Additional-Cost Services
Retirement Planning Services
De Minimis Transportation
Qualified Transportation
Tuition Reduction
Working Condition Benefits
Volunteer and Emergency Benefits
Overview of Fringe Benefits
Lesson 5 - Fringe Benefit Rules
Learning Objectives 5
Valuation Rules
General Valuation Rule
Cents-Per-Mile Rule
Commuting Rule
Lease Value Rule
Annual Lease Value
Prorated Value
Daily Lease Value
Unsafe Conditions
Commuting Transportation
Qualified Employee
Lesson 6 - Withholding, Depositing, Etc.
Learning Objectives 6
Guidelines
Choice of Period
Withholding and Depositing Taxes
Paying Employee Share
Special Accounting Rule
Highway Motor Vehicles
Withholding Income Tax
Amount to Report
Course Objectives
Lesson - 1After completing Lesson 1, you will be able to:
- Identify key employees with regard to a cafeteria plan
- Identify highly compensated employees for the purpose of a cafeteria plan
- Identify what is included in a cafeteria plan
Pay particular attention to paragraphs marked by the Wiseguy.
He'll guide you to key issues.
After completing Lesson 2, you will be able to:
- Determine which fringe benefits cannot be excluded from the employee's income
- Identify which individuals are treated as employees for purposes of the accident or health plan exclusion
- Figure the amount that can be excluded from an employee's income with regard to employee achievement awards
- Determine the amount employees can exclude from gross income for benefits received under a dependent care assistance program
- Identify the rules that apply to employees under an educational assistance program
After completing Lesson 3, you will be able to:
- Determine the use of the 10-employee rule
- Identify key employees with regard to group-term life insurance
After completing Lesson 4, you will be able to:
- Identify which meals provided to employees by the employer can be excluded from the employee's income
- Determine the exclusion for qualified parking fringe benefit
- Identify excludable and nonexcludable fringe benefits
After completing Lesson 5, you will be able to:
- Apply the cents-per-mile rule
- Apply the safe-harbor value rule
After completing Lesson 6, you will be able to:
- Determine when the special accounting rule pertaining to fringe benefits apply
- Apply the guidelines for withholding, depositing, and reporting taxable noncash fringe benefits
- Identify the special rules for personal use of the employer's highway motor vehicles