Fringe Benefits 2017:
What's Taxable, How to Report It & How to Avoid the IRS Crackdown

Fringe benefits

Thousands of employers have been snared in the IRS's all-out initiative to increase employment-tax audits – its first such initiative in 25 years. A main target: the tax treatment and reporting of employee fringe benefits.

The IRS says too many employers misunderstand which fringe benefits are taxable and how they should be reported for payroll purposes. That's resulted in a major tax gap, the IRS says. And the agency is on a mission to get that money back from you!

Now is the time to review your fringe benefits to ensure they comply with federal and state payroll tax regulations. Your best guide is Fringe Benefits 2017: What's Taxable, How to Report It & How to Avoid the IRS Crackdown.

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In this webinar recording, Alice Gilman, an employment tax expert and editor of Payroll Legal Alert, will detail:

  • What the IRS crackdown is focusing on – and how you can stay in compliance.
  • Which potentially excludable fringe benefits you can offer employees and the record-keeping necessary to document these benefits.
  • How you compute the value of a "good" or a "service." And how you handle the payroll tax consequences for those items considered taxable.
  • Which benefits provided to employees are taxable and how these are reported for payroll purposes.
  • How you calculate your exposure to an audit if you have some items that should have been considered wages subject to payroll taxation.

Employment taxes make up more than 44% of federal tax collections. And the IRS sees a lot of potential unreported income in employee fringe benefits.

In one case, the IRS hit IBM with a $7.5 million tax bill, saying meal allowances that IBM paid to its employees were taxable. IBM had thought they were a de minimis fringe benefit.

Don't make the same mistake. Learn how to accurately and confidently handle the accounting and reporting of fringe benefits. Stop the guessing game and erase your fear of an IRS or state audit. Get your copy of Fringe Benefits 2017 today!

Sincerely,

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Pat DiDomenico, Editorial Director
HR Specialist

P.S. Your satisfaction is unconditionally guaranteed. If Fringe Benefits 2017 fails to meet your needs, we will refund every penny you paid – no hassles, no questions asked.

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Fringe Benefits 2017

 

About Your Speaker:

Alice GilmanAlice Gilman, Esq., is an expert in payroll and tax compliance who has covered payroll issues for more than 26 years. She's written and edited several leading payroll publications, including Business Management Daily's Payroll Legal Alert, the Research Institute of America's Payroll Guide, Prentice Hall's American Payroll Association's Basic Guide to Payroll and the Payroll Manager's Letter. She's also the editor of Business Management Daily's Payroll Compliance Handbook and The Complete FLSA Compliance Kit.


HRCIThe use of this seal confirms that this activity has met HR Certification Institute’s® (HRCI®) criteria for recertification credit pre-approval.

SHRMBusiness Management Daily is recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP or SHRM-SCP.

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