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.
- 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.
IRS Program Number: NMVBP-T-00177-21-S
Length: 100 minutes plus optional question-and-answer session (no CE)
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.