Description

This session will go through a myriad of examples and questions that have been received by tax preparers. TCJA made changes that requires a better understanding of qualified transportation fringe benefits, employee achievement awards, entertainment and meals provided to employees, and more. We will look at tax effects to employees and employer, and planning considerations. New fringe benefit rules are wreaking havoc on some employers. We will include a discussion regarding certain fringe benefits, such as parking, that are causing issues for nonprofits.

Learning Objectives:

• Understand basic fringe benefit taxation.
• Evaluate effect of newer fringe benefit guidance on various types of employers.

Speaker(s):

• Karen M. Field, J.D., RSM US LLP
• Ruth Wimer, CPA, Partner, Winston & Strawn