Fringe Benefit Taxation 2025

Participants with 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 w Companies are providing more fringe benefits to employers more than ever before, thus reduces company cost but raises employee morale.  Because of this the IRS has more to say on what Fringe Benefits are taxable and what are not.  The IRS for non-taxable fringe benefits puts a lot of regulation around how the fringe benefit is given and when that also determines if a thought non-taxable item may end up being taxable.

Participant will be able to better identify and calculate the fair market value of fringe benefits for taxation purposes.

Webinar Objectives

• IRS rules for taxation of Fringe Benefits
• How to calculate the value of a noncash fringe benefit
• Review of excludable fringe benefits and the 2025 limits
• Procedures for recording fringe benefits
• Year end best practices for fringe benefit taxation and how to minimize those challenges in 2025.

Webinar Agenda

• 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 for 2025
• 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.
• Annual Fringe Benefit limits will be reviewed.

Who Should Attend

Payroll and Tax Professionals