COURSE DESCRIPTION: The IRS just doesn’t make your job easy. They set strict requirements for reporting and taxing fringe benefits … but they don’t provide clear guidance on valuation rules or what’s considered taxable income and what’s not.
The questions are many: When is something de minimis and when it is not? Above what amount are certain fringe benefits taxable and reportable? What recordkeeping is a must … and on which form, in which box, and with what code do you need to report fringe benefits?
To make matters worse, the IRS is getting more and more persnickety about consistency of treatment, documentation and retention. Auditors are more likely than ever to dig deep to find mistakes in your organization’s handling of fringe benefits. There’s simply no room for error.
That’s why we invite you and your team to join payroll expert Vicki M. Lambert, CPP to learn what you must know to properly tax and account for fringe benefits.
This must-attend 60-minute program will cover:
- Determining de minimis benefits exclusions
- Substantiation, recordkeeping, taxation and reporting requirements for the personal use of company car as opposed to business use of a personal vehicle
- Proper reporting of moving expense reimbursements
- What is includable/excludable from employee’s income when awards and prizes are given for outstanding achievement, cost-saving suggestions, safety ideas, etc.
- Minimum length of service for which the value of a length of service award can be excluded from an employee’s income
- What to do with gift certificates
ABOUT THE SPEAKER: Vicki M. Lambert, CPP, Certified Payroll Manager is President and Academic Director of Vicki M. Lambert, LLC a firm specializing in payroll education and training. Ms. Lambert has a Bachelor’s degree, Magna Cum Laude in Business Administration and is a Certified Payroll Professional with over 29 years of multi-state payroll experience. Ms. Lambert has lectured extensively throughout the United States on payroll administration and compliance issues for clients that include ADP, CCH Incorporated, Ceridian Employer Services, Fox Studios, County of Riverside, Sun Microsystems and others.
She has authored, co-authored or edited numerous payroll publications and newsletters. Ms. Lambert is also the host of “Politically Payroll” a radio program that explores and highlights the importance and vitality of the payroll function within the realms of politics, business and peoples everyday lives. The program is broadcast on KLAV 1230AM in Las Vegas, Nevada and can also be accessed on the internet at www.klav1230am.com.
MONEY-BACK GUARANTEE: We're so confident you'll get what you want out of this conference that we'll refund your full fee if you're not satisfied. It's risk-free.
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