Live Webinar Series

Fringe Benefits and How They Relate to W2 and 1099 Preparation

Webinar Details$219

  • Webinar Date: June 23, 2017
  • Webinar Time: 1:00pm - 2:40pm EDT  live
  • Guest Speaker:  Steven Mercatante
  • Industry:  Taxation and Accounting
  • Credit: CPE 2.0
  • Eventbrite - Fringe Benefits and How They Relate to W2 and 1099 Preparation

Have your employees, employer or client asked you, “What can you pay employees and it not taxable as employee wages?” If you’ve been asked this question, this is the course for you.

Employee expense reimbursements are subject to IRS guidelines and can be disallowed as expenses – and even considered compensation to those employees – if not handled correctly. Further, if employee expense reimbursements do not meet IRS guidelines, they may be disallowed as expenses and considered compensation to those employees, leaving the employer responsible for the associated payroll taxes – plus any penalties.

Taxable and nontaxable fringe benefit are scattered throughout the Internal Revenue Code. Benefits can be hid in Sec 274, 162, 119, 132, 127, and 82. Add in numerous Announcements, Notices and Regulations and we have a complex web. This course will concentrate on the development of an Accountable Reimbursement Plan under Sec 274 and accompanying regulations plus recent pronouncements and inflation increases.

Fringe Benefit Examples and How They Relate to W2 and 1099 preparation:

  • Accountable vs. non-Accountable Expense Reimbursement Plans
  • Record keeping requirements of Sec. 274 & Accountable Plans
  • 50%, 80%, and 100% Deductible Meals
  • De minimis fringe benefits
  • No added cost benefits
  • Cash payments
  • Auto allowances
  • Company vehicles
  • Prizes, awards, gifts

WE’LL ANSWER THESE AND OTHER QUESTIONS:

  • What are the taxable and non-taxable wages?
  • Are meal allowances nontaxable?
  • Are travel allowances nontaxable?
  • What other benefits are nontaxable wages?
  • What meals are 100% deductible and nontaxable to employees?

Guest Speaker

Steven Mercatante

Steven Mercatante

Steven Mercatante is the principal and founder of TIR Consulting, LLC. He is a nationally recognized leader in tax reporting education and consulting on specialized compliance issues. He has conducted on-site consultation for corporate clients from across the world and led countless seminars and webinars for Convey Compliance Systems, IAPP, Balance Consulting, The Accounts Payable Network, Accounts Payable Now and Tomorrow, Progressive Business Conferences, The Center For Competitive Management,... View Full Profile


CPE Credit

Aurora Training Advantage is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org For more information regarding administrative policies such as complaint and refund, and cancellation please contact our offices at training@auroratrainingadvantage.com