Companies are providing more fringe benefits to employers more than ever before, thus reducing company cost but raises employee morale. Due to market adjustments employers are looking for ways to obtain top talent through providing more fringe benefits. However, IRS endorsement on employers to tax employees when appropriate for fringe benefits is on the rise. Employers must meet the non-taxable fringe benefit substantiation rules along with proper determination of taxation. Review of OBBBA Fringe benefit reporting updates along with W-2will be reviewed.
Participants will walk away with a better understanding of the IRS view on fringe benefit taxation. The details of the IRC exceptions allowed by the IRS will be detailed and explained to participants. Participants will be able to better identify and calculate the fair market value of fringe benefits for taxation purposes
Session Highlights:
- Review FMV (Fair Market Value) and how the IRS determines it.
- Discussion on No additional cost services, employee discounts, working condition fringe benefits & De minimis Fringe Benefits.
- Review qualified transportation benefits
- Discuss several excludable fringe benefits such as Retirement planning, athletic facilities, achievement awards etc.
- Discuss fringe benefits that should be taxable
- Review Moving/Relocation Expenses
- Review executive taxation items, like spousal travel. Company aircraft usage etc.
- Once a benefit is determined taxable, how to handle it
- Brief overview of how to handle any fringe benefits that AP pay.
- Updates from OBBBA for W-2 Reporting W-2 reporting
- Year End and W-2 best Practices for auditing W-2’s
Why Should You Attend:
Year-end is an important time for employers to review how fringe benefits are handled, taxed, and reported. This webinar will help you better understand the tax and reporting considerations surrounding employer-provided benefits, identify potential year-end issues, and prepare for W-2 reporting. You’ll gain practical insights to help improve payroll accuracy, support compliance, and approach year-end benefit and W-2 reviews with greater confidence as you transition from 2026 into 2027.
Who Should Attend:
- HR Professionals and Managers
- Payroll Professionals and Managers
- Payroll Administrators and Specialists
- Compensation and Benefits Professionals
- Accounting and Finance Professionals
- Controllers and CFOs
- Tax and Compliance Professionals
- Benefits Administrators
- Business Owners and Employers
- Anyone responsible for fringe benefits or year-end W-2 reporting
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