The Tax Cuts and Jobs Act shakes up the tax rules for meals, entertainment, transportation benefits, and other fringes for both for profits and not-for-profits. It is the employer that loses the tax deduction, or in the case of not-for-profits to a limited extent is penalized. This session however will present some strategies that will get the optimum results despite these complex new and negative fringe benefit tax rules.
Recognize the post-2017 complex rules relating to Section 274 meals, entertainment, and fringe benefits. Understand how the rules affect both for-profit and not-for-profit employers
Identify the strategies and exceptions, both old and new, which continue to apply to allow a favorable tax result despite the changes in the law.