This course discusses the general tax treatment of fringe benefits to employees and business owners as well as the common fringe benefits excluded from tax. There is a focus on the taxation of health insurance benefits for business owners as well as how to setup tax-free accountable reimbursement plans for employees and business owners.

Learning Objectives

  • Describe the general federal tax treatment of fringe benefits.
  • Explain the various potential exclusions from tax for fringe benefits.
  • Compare and contrast the federal tax treatment of health insurance benefits for business owners based on choice of entity.
  • Demonstrate how a business can establish and effectively use a tax-free accountable reimbursement plan.

Education Information

IRS Program Number: NMVBP-T-00177-21-S

Length: 100 minutes plus optional question-and-answer session (no CE)

Prerequisite: None

Advanced Preparation: None

Program Level: Basic

Delivery Method: Self-Study

Field of Study: Federal Tax (IRS);

Credit hours: 2 IRS CE

Instructor: Thomas Gorczynski, EA, CTP, USTCP Click here to learn more about the instructor

All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators. Click here for more information regarding our education policies.

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