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Maximizing Your Tax Advantage: The Fringe Benefits Route 2 Credits

Maximizing Your Tax Advantage: The Fringe Benefits Route 2 Credits

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Nov 18, 11:00 AM ET

Learning Objective

  • To discuss which fringe benefits qualify as incidental and are thus exempt from taxation, assisting participants in identifying eligible incidental fringe benefits.
  • To identify qualified incidental fringe benefits that will help participants identify which fringe benefits qualify as incidental and are therefore exempt from taxation.
  • To discuss the tax implications for both employees and employers related to incidental fringe benefits.
  • To apply knowledge in practical scenarios through case studies and examples of incidental fringe benefits in real-world situations, making informed decisions regarding tax compliance.

Course Overview

Employers often enhance their employees' compensation packages by offering a range of fringe benefits, a practice that can be advantageous for both parties. 

These benefits, which go beyond the regular salary, often come with a unique tax benefit – they may not be considered taxable income for the employees, while the employer can fully deduct their cost. In the realm of fringe benefits, two primary categories exist: statutory and incidental. However, in this webinar, we will delve specifically into the intricate world of incidental fringe benefits. By exploring the qualifications and taxation regulations governing incidental fringe benefits, participants will gain valuable insights into this often complex and evolving area of employee compensation. Understanding these nuances can prove essential for both employers seeking to attract and retain talent and employees looking to maximize their compensation packages. It unravels the complexities and ensures you're making informed decisions regarding incidental fringe benefits.

Key topics covered in this course:

  • Introduction
  • Salary Vs. Fringe Benefits, Code-specific Fringe Benefits, and Introduction of Incidental Fringe Benefits
  • General Rules, Qualified Employee Discounts, and Nondiscrimination Rules
  • Taxable and Non-Taxable Working Condition Fringes
  • Qualified Education Assistance and Qualified Tuition Reduction
  • Group Term Life Insurance, Meals Provided by Employer, Volunteer Firefighters, and Qualified Transportation Fringe Benefit

Join this CE Tax Course it is for anyone involved in employee compensation, taxation, or HR. It offers the chance to optimize compensation packages, reduce tax liabilities, and stay compliant with ever-evolving tax regulations. Don't miss out on the opportunity to gain valuable insights into incidental fringe benefits and secure your financial future.

Looking to fulfill your Enrolled Agent (EA) Continuing Education (CE) requirements? MY-CPE online Enrolled Agent CE courses are the best for you. Earn EA CE Credits while enhancing your domain knowledge and expertise in diverse tax regulations and practices. Our courses are designed to provide you with the latest updates and deep insights to keep you ahead in your field. With flexible scheduling and a user-friendly platform, MY-CPE offers you a greater convenient and interactive learning experience. Join MY-CPE today and take the next step in advancing your career as an Enrolled Agent. 

  • 2 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 2 General Credit of Taxes for Accountant/Bookkeeper/Tax Professionals
  • 2 CE Credit of Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-01722-23-S)
  • 2 CE Credit of Federal tax-related matters for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-T-01722-23-S)
  • 2 CE Credit of Tax Planning for Certified Financial Planner (CFP-US) (Approval No. 322141)

    Valid upto : Dec 31, 2024

  • 2 PDC Credit of Business Acumen for SHRM Professionals (Approval No. 24-TM2YQ)

    Valid upto : Dec 31, 2024

  • 2 RCH Credit of Core Payroll Concepts for Certified Payroll Professional (CPP) (Approval No. 24CPE019)

    Valid upto : Dec 31, 2024

  • 2 RCH Credit of HR (General) for Human Resource Certification Institute (HRCI) (Approval No. 657566)

    Valid upto : Nov 30, 2024

  • 2 CE Credit of Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-1372)
  • 2 RCH Credit of Core Payroll Concepts for Fundamental Payroll Certification (FPC) (Approval No. 24CPE019)

    Valid upto : Dec 31, 2024

  • 2 CE Credit of Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-01722-23-S)
  • 2 CE Credit of Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-01722-23-S)
  • 2 CE Credit of Federal tax-related matters for LTC (Approval No. GEHNZ-T-01722-23-S)
  • 2 CPE Credit of Taxes for Iowa Licensed Public Accountant (IA-LPA)
  • 2 CPE Credit of Taxes for Maine Licensed Public Accountant (ME-LPA)
  • 2 CPE Credit of Taxes for Delaware Licensed Public Accountant (DE-LPA)

  • 2 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 2 General Credit of Taxes for Accountant/Bookkeeper/Tax Professionals
  • 2 CE Credit of Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-02148-24-O)
  • 2 CE Credit of Federal tax-related matters for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-T-02148-24-O)
  • 2 PDC Credit of Business Acumen for SHRM Professionals (Approval No. 24-TM2YQ)

    Valid upto : Dec 31, 2024

  • 2 RCH Credit of HR (General) for Human Resource Certification Institute (HRCI) (Approval No. 657566)

    Valid upto : Nov 30, 2024

  • 2 CE Credit of Taxes for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-1734)
  • 2 CE Credit of Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-02148-24-O)
  • 2 CE Credit of Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-02148-24-O)
  • 2 CE Credit of Federal tax-related matters for LTC (Approval No. GEHNZ-T-02148-24-O)
  • 2 CPE Credit of Taxes for Iowa Licensed Public Accountant (IA-LPA)
  • 2 CPE Credit of Taxes for Maine Licensed Public Accountant (ME-LPA)
  • 2 CPE Credit of Taxes for Delaware Licensed Public Accountant (DE-LPA)

Additional Information

Credits

2

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

IRS APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering aintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

About Instructor

Tony Curatola
Tony Curatola

Joseph F. Ford Professor of Acct’g & Tax, Drexel University

  • 4.6
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Dr. Curatola is the Joseph F. Ford Professor of Accounting at Drexel University in Philadelphia. He is the Tax Column Editor for Strategic Finance since 1992. He has served as the editor of the Journal of Legal Tax Research and currently serves on the editorial review board of several journals, and has held a variety of leadership positions, including current national service with the Institute of Management Accountants. He has published over 250 articles in journals including Journal of Financial Services Professionals, Journal of the American Taxation Association, Journal of Forensic & Investigative Accounting, Oil, Gas, & Energy Quarterly, and Tax Notes to name a few. Dr. Curatola was a co-editor on IRA Answer Book by Wolters Kluwer and author of the EA Review course for Surgent Publishers. Dr. Curatola externally funded research findings have appeared in media such as Forbes Magazine, The Washington Post, The Wall Street Journal, The New York Times, and other media outlets.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Ratings and Review

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Owen Mccafferty
Owen Mccafferty, CPA (US)

Mr. Curatola presented a thorough, systemic, clear presentation of qualified and unqualified benefits for employees and gig workers (independent contractors). Great presentation made the seminar a great refresher!

Owen Mccafferty
Owen Mccafferty, CPA (US)

Any seminar regarding fringe benefits is always timely and never is adequate in time The speaker did a great job with the time allotted

Inclusions
  • Multiple Credits
    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting
    Certifications & Reporting

    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

  • Credit Tracker
    Credit Tracker

    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

  • Certificate Vault
    Certificate Vault

    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

  • Compliance Reminders
    Compliance Reminders

    Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.

  • Mobile App Access
    Mobile App Access

    The myCPE Mobile App allows you to learn on the go, providing access to educational content on Android and Apple iOS devices. You can learn anytime and anywhere, making it convenient for busy schedules.

  • Live Support
    Live Support

    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

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