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Course Details

Course Information
  • smart_display Format

    On-Demand

  • signal_cellular_alt Difficulty Level

    Intermediate

  • work Practice Area

    Tax Preparer

Date & Time
  • event Date

    Wednesday, September 20, 2023

  • schedule Time

    1:00 p.m. ET./10:00 a.m. PT

  • timer Program Length

    110 minutes

Credit Information

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

  • BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

$197.00

This course is $0 with these passes:

CPE
ALL

This webinar will cover the proper employee taxation of fringe benefits in today’s changed work environment to employees and deductibility by the employer. Our panel of employee benefits professionals will highlight how automobile, apartment, education, and many other commonly offered benefits are reported and taxed and when these benefits escape taxation.

Faculty

Norma Sharara
Managing Director
BDO USA

Ms. Sharara is an employee benefits and executive compensation professional with over 25 years of experience with an emphasis on retirement plans, executive compensation, and mergers and acquisitions. Prior to joining BDO, Ms. Sharara was part of the Washington Resource Group at Mercer, a global human resources consulting firm, where she produced market-differentiating intellectual capital for consultants and clients. Ms. Sharara has also been a partner at several national law firms. In addition, she taught a Master's in Taxation course on employee benefits and executive compensation at American University's Kogod School of Business. Ms. Sharara advises a broad range of clients, including employers, employees, ERISA plan fiduciaries, financial institutions, and tax exempt organizations and has represented them before the IRS and DOL.

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Joan Vines
Managing Director
BDO USA

Ms. Vines is a managing director in BDO’s National Tax Office focusing on Compensation and Benefits. She has extensive experience in a wide variety of executive compensation, employee benefits, and qualified plan matters. Ms. Vines has worked closely with taxable, flow through, and nonprofit organizations on a wide variety of tax matters connected to providing  compensation and benefits to workers.  

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Ruth M. Wimer
Parent: Wimer Consulting

Ms. Wimer is an attorney and a CPA with nearly 30 years of experience previously serving as a senior partner in the national tax department of a Big Four accounting firm. She has extensive experience advising clients on complex compensation tax issues, including reporting and withholding and also advises on large deduction timing issues in connection with mergers and acquisitions. Ms. Wilmer’s practice includes structuring optimum ownership of private aircraft and business jets, factoring in deduction and income inclusion for personal use, excise tax, depreciation, SEC, Standard Industry Fare Level, and FAA issues. She frequently resolves a gamut of compensation issues such as employment taxes, stock options, Section 162(m), Section 83, deduction limitations, the entertainment disallowance, and a wide variety of fringe benefits, including health insurance.

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Description

Fringe benefits offered to employees expand well beyond health insurance and cafeteria plans. Some benefits are easily identified as non-taxable to employees and others may escape taxation only after careful analysis of the facts and circumstances. Meals have undergone complex recent changes. Travel and corporate apartments are excludable if qualified as business which is all the more complex with recent expanded remote work. Spousal benefits continue to be a sore point as taxable to executives except in extremely rare situations.

Listen as our panel of federal taxation experts explains which benefits are taxable and non-taxable for employees and employers and their related reporting obligations.

Outline

  1. Taxation of fringe benefits
  2. Automobiles
  3. Apartments
  4. Travel
  5. Meals
  6. Education
  7. Withholding
  8. Best practices

Benefits

The panel will cover these and other critical issues:

  • Best practices to approach complex fringe benefit issues such as travel from a remote work location, e.g., employee residence, and spousal benefits
  • Selecting the appropriate method(s) for personal use taxation of automobiles
  • When and how much an apartment may qualify as a working condition fringe benefit
  • How employers can offer tax-free education assistance
  • When on-site and other meals are taxable to an employee
  • Reporting and withholding non-cash fringe benefits to employees

NASBA Details

Learning Objectives

After completing this course, you will be able to:

  • Identify commonly offered fringe benefits and how they are taxed
  • Determine how personal use of automobile is reported to an employee
  • Decide under what circumstances employee meals are non-taxable
  • Ascertain when use of a corporate apartment is taxable to an employee

  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite: Three years+ business or public firm experience preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of individual income taxation, including itemized deductions, individual income tax credits, net operating loss limitations including carrybacks and carryforwards.

Strafford Publications, Inc. 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 Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

IRS Approved Provider

Strafford is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).