Are Fringe Benefits Taxable Income for Employees?
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Are Fringe Benefits Taxable Income for Employees?

This course discusses fringe benefits that are and are not subject to taxation and the IRS guidelines.
New
0.0 (0 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
1 student enrolled
Last updated 7/2017
English
Current price: $10 Original price: $50 Discount: 80% off
5 hours left at this price!
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Includes:
  • 1.5 hours on-demand video
  • 2 Articles
  • 2 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Recognize fringe benefits and their taxability.
  • Identify the concepts of Gross Income and Fair Market Value.
  • Explore additional employer provided benefits and taxability.
  • Identify other payments to employees and their effect on taxable earnings.
  • Explore the reporting and withholding of taxes on taxable cash and non-cash fringe benefits.
View Curriculum
Requirements
  • No advanced preparation or prerequisites are required for this course.
Description

In this course we discuss fringe benefits that are and are not subject to taxation, and the IRS guidelines used to make that determination

We start with a brief overview of fringe benefits. From there we discuss IRS codes used for fringe benefits. This leads to a conversation about taxable vs. non-taxable fringe benefits. Then we work through examples of fringe benefits being provided to an employee by employer. Then we review transactions and discuss how the taxes are calculated for fringe benefits as to an employee being taxed or an employer grossing up taxation.

This course is a review for accounting and payroll professionals who need to sharpen their fundamental understanding of fringe benefits and how they translate into taxable or non-taxable income for employees.

Who is the target audience?
  • Anyone interested in finance, accounting or related fields.
Compare to Other Accounting Courses
Curriculum For This Course
9 Lectures
01:34:34
+
Introduction
7 Lectures 01:34:32


Non -Taxable Fringe Benefits
07:55

Non -Taxable Fringe Benefits (Continued)
09:48

Imputed Income
11:20

Other Payments and Course Summary
06:46

Fringe Benefits? Are They Taxable or Non-Taxable Income to the Employee?
47:14
+
Supporting Materials
2 Lectures 00:01
Slides: Fringe Benefits
00:00

Fringe Benefits Glossary/Index
00:00
+
Review and Test
0 Lectures 00:00

Review Questions: Fringe Benefits? Are They Taxable or Non-Taxable Income to the Employee?

Review Questions
3 questions

Final Exam: Fringe Benefits? Are They Taxable or Non-Taxable Income to the Employee?

Final Exam
5 questions
About the Instructor
Illumeo Learning
4.4 Average rating
322 Reviews
1,367 Students
242 Courses
Condensed and Efficient Courses for Busy Professionals

Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job.

Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination.

Illumeo is the place for expertise management and we are dedicated to the proposition that everyone can be an expert at their job.

Shirley Brickous (Illumeo)
4.1 Average rating
12 Reviews
59 Students
3 Courses

Shirley Brickous, on the surface, is an extremely accomplished payroll professional at Apollo Education Group, with 26 years’ experience in the payroll and human resources field. Shirley received her B.S. in Accounting from the University of Phoenix. She then went on to complete her Master’s Degree in Accountancy at University of Phoenix. She is currently pursuing her Doctor of Management in Organizational Leadership and wishes to engage with thought leaders and high ranking decision makers delivering strategic and creative solutions while influencing change within the organization.

Shirley is dedicated to the advancement of the payroll profession through education and networking opportunities. She is recognized national speaker and services on numerous committees, and teaches several courses. She is Certified Payroll Professional (CPP) and Professional in Human Resources (PHR). In her spare time, she enjoys traveling, crafting, and spending time with family.