Taxing Fringe Benefits: Avoid Costly Mistakes & Stay Compliant in 2025

On-Demand Recording

In our interactive instructor-led 60-minute event, you will learn how to navigate the complex world of taxing and reporting fringe benefits for 2025. With ever-changing tax laws, and potential financial penalties, finance pros must stay ahead of compliance requirements. You’ll learn the latest information and strategies to classify, tax, and report fringe benefits correctly - ensuring compliance and minimizing risk. Join us, and you’ll discover:
  • How to determine whether a fringe benefit is taxable or tax-free
  • The impact of employee contributions and thresholds on taxation
  • IRS-approved methods for calculating taxable wages on company-provided benefits
  • The latest updates in tax regulations affecting fringe benefits for 2025

Avoid Costly Compliance Mistakes: Navigate IRS Regulations with Confidence
  • Identifying and classifying taxable vs. non-taxable fringe benefits under Section 132
  • IRS rules for transportation, lodging, meals, and educational benefits
  • How improper fringe benefit reporting can trigger IRS audits and penalties
Maximize Accuracy: Implement Best Practices for Taxing Fringe Benefits
  • Four methods for calculating the taxable portion of a company vehicle
  • When an auto allowance becomes taxable and how to report it correctly
  • How employee contributions affect taxation and reporting requirements
Leverage Tax-Saving Opportunities: Reduce Liability While Staying Compliant
  • Taxation and reporting for lodging, on-site lodging and vacation properties
  • Providing and reimbursing meals for employees
  • How changes to employer-provided relocation expenses impact taxability
Live Question & Answer Session – have your specific questions answered!

Program Benefits

In our 60-minute program, you’ll discover how to safeguard your organization from costly compliance errors, improve payroll accuracy, and confidently manage the taxation of fringe benefits. You’ll walk away with practical, immediately applicable skills to ensure proper classification, reduce tax liabilities, and prevent penalties. If you'd like this program customized for your organization, call us at 1-800-964-6033. We're certain we can fulfill your training needs, while making it fit in your budget!

ABOUT THE SPEAKER

Mark Schwartz
Mark Schwartz has over 15 years of experience in state and federal payroll tax audits, collection, and payroll consulting. As an auditor, Mark prided himself on his ability to educate his auditees on state and federal payroll tax requirements. Whatever issues he found in audits, he ensured the auditee knew how to comply in the future. He worked to minimize company disruptions in the audit process. In addition to his real-life experiences, Mark has a Masters in Business Administration, and currently uses his entertaining and helpful personality to help organizations prepare for payroll tax audits – whether they’ve already got the notice or are still hoping they don’t.

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HRCI CREDITS

This program has been approved for 1 (HR (General)) recertification credit hour toward aPHRTM, aPHRiTM, PHR®, PHRca®, SPHR®, GPHR®, PHRiTM and SPHRiTM recertification through the HR Certification Institute. Learn more at hrci.org

SHRM CREDITS

Resourceful Finance Pro is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®. This program is valid for 1 PDCs for the SHRM-CP® or SHRM-SCP®. For more information about certification or recertification, please visit www.shrmcertification.org.