Course Information
Fringe Benefits
Course Information
| Title: | Fringe Benefits |
|---|---|
| Category: | Taxation |
| Field of Study: | Taxes |
| Course Code: | T022-0172 |
| CPE Credits: | 4.0 |
| Price: | 34.95 |
Description
Description:
This course is an overview of basic fringe benefits and examines their mechanics, compensation methods, valuation, withholding, and accounting. Achievement awards, term life insurance, medical reimbursement, meals & lodging, educational assistance, dependent care, employer-provided automobiles, interest-free loans, etc. are identified. Employer and employee economic and tax considerations are recognized. Fringe benefit requirements and limits are specified and ERISA compliance requirements are determined.
Delivery Method: Online Interactive Self Study
Level: Overview
Prerequisites: None
Advanced Preparation: None
Course Details
Category: Taxation
Field of Study: Taxes
Passing Score: 70%
Publication Date: 03/18/2022
Technical Details: Taxes: Technical
For More Detail:
If you are unable to view PDF then right click the mouse and click save link as
Objectives
Objectives:
1. Recognize basic fringe benefit planning by determining “income” under Section 61, and identify the differences between former nonstatutory and current statutory fringe benefits created by recent cases, rulings, and tax law changes. 2. Specify the mechanics of typical fringe benefits, determine the fair market value of a fringe benefit under the general valuation rule or the special valuation rules, and identify the general accounting rule and the special two-month pour-over accounting rule. 3. Identify an “employee achievement award” under Section 274, and recognize the rules for group term life insurance under Section 79 stating how to implement proper coverage. 4. Determine the mechanics of self-insured medical reimbursement plans under Section 105, and specify the requirements of medical insurance under Section 106 identifying differences. 5. Identify the rules for excluding the value of meals and lodging under Section 119, and “cafeteria plans” and how they operate. 6. Recognize the requirements and li
For More Objectives:
If you are unable to view PDF then right click the mouse and click save link as
Profession
NASBA: Yes
QAS: Yes
CPA: Suitable for all CPAs
IRS: IRS credit for Enrolled Agents.
Profession Identifiers: CPA, EA