CGFB
THE COMPLETE GUIDE TO FRINGE BENEFITS

This course explores the tax advantages and potential pitfalls of providing fringe benefits to employees. It offers a clear and concise overview of this specialized area of tax law. This course is a must for anyone advising on compensation issues.

Major topics include:

  • Cafeteria plans -- The flexible fringe benefit every employer should consider, with new regulations and expanded time for using benefits.
  • Employee business reimbursements – The reporting and record keeping for W-2 purposes in accountable and nonaccountable plans.
  • Medical plans -- A detailed discussion of medical insurance reimbursement plans and when nondiscrimination rules apply.
  • HSAs: the new planning in light of 2006 tax law changes
  • Automobile and aircraft income inclusion issues for the employee.
  • COBRA -- Continuation coverage and the Family Medical Leave Act. Final regulations.
  • Life insurance -- Group term insurance, including nondiscrimination; split-dollar; and permanent insurance
  • Education expense reimbursement plans versus education assistance plans -- How to fund graduate education tax-free.
  • Section 132 -- A rigorous, thorough analysis of no additional cost services, qualified employee discounts, working condition fringe benefits, and de minimus fringe benefits. Opportunities under the transportation regulations.

Designed for: CPAs in public accounting and industry who want to understand the complicated area of fringe benefits and controllers who deal with employee issues.

Level of knowledge: Basic

Field of study: Taxes