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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.

Learning Objectives

  • 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
Last updated/reviewed: November 28, 2019

62 Reviews (206 ratings)Reviews

2
Member's Profile
I didn't care for the format of this course at all. The slides were nothing more than high level bullet points and all examples were only verbal. It sounded like the presenter was just reading from a document and I am fairly certain that several times during the course I actually heard the pages being turned.
4
Member's Profile
There was information provided in the the webinar not included in the slides, and the information is pertinent when gaining a full understanding of the subject matter. The objectives were met, but the slides need to include more details instead of just bullets of what is being discussed.
4
Member's Profile
I found this course to be a good refresher, however the section about qualified moving expenses needs to be updated to reflect changes that were made in 2018. Speaking a little slower and using a few more real life examples would have been helpful, but overall the course was beneficial.
3
Member's Profile
Overall the class was ok, the handouts were nothing more than bullet points. I don't believe there were enough examples and definitely not on the slides for review. The speaker either did not study the material prior to the recording or she just didn't know how to pronounce the word.
4
Member's Profile
Hi, I think the content needs to be updated, there were major changes to the law in 2018 regarding taxation of relocation. Also, I feel the slides should be more robust as I feel they are something for me to look back on after the course.
4
Member's Profile
This course was beneficial because it provided refresher information on fringe benefits. I would like to have more detailed information in the slides. Any officer or payroll employee would benefit from this course.
5
Member's Profile
The lesson was good, but the course materials could have been better. They seem to include highlights only and not as many details as were discussed, so it makes it difficult to use as a reference for later.
3
Anonymous Author
I would like to see more detailed examples for imputed benefits. Please show how to calculated the imputed value of a company leased vehicle and the imputed value of a company owned vehicle.
4
Anonymous Author
Good overview of fringe benefits. Course could have been a bit longer and included more particulars surrounding imputed income calculations on company cars and gross up calculations.
4
Member's Profile
I appreciate that the instructor didn't use video, which can be distracting. On the other hand, the slides did not list the numerous % and $ amounts that are critical to this topic.
4
Member's Profile
Course provided decent amount of information on the subject and explained it in a very basic format. Could have gone in to greater detail but was good for a brush up on Fringes.
2
Anonymous Author
The instructor shared a lot of good information and examples; however, a good amount of that information was not included in the slides. This made the slides rather useless.
3
Member's Profile
The course was a little slow, and the questions at the end were very specific and mostly not very relevant. I'm pretty sure one of them was not even covered in the course.
4
Member's Profile
A good introduction to taxable and non-taxable fringe benefits. I was looking for documentation of narrative in the supporting slides but only the outlines were shown.
3
Anonymous Author
the lesson is good, but the slides are very bullet point. I had to make so many notes on them just to use them later as reference. I hope i didn't miss something.
5
Member's Profile
Great course. A solid overview of what was covered during FPC class. Always good to take a class which goes over the areas which are affected by taxation.
3
Anonymous Author
The instructor is not as well-spoken. Her delivery of the information is a distraction and hinders one's ability to adequately absorb the information.
3
Member's Profile
More slides with detail would have been helpful. A few times the instructor went off talking about things that weren’t necessary to be mentioned.
4
Member's Profile
This course was good at explaining the difference between taxable and non taxable. It helped me to better understand the use of de minimis fringe.
3
Anonymous Author
This is good information and a good review from when I took the CPP exam. There were parts where it seemed like the instructor was reading to us.
1
Anonymous Author
Poor material provided for support compared to many of the other courses. Test questions were ambiguous. Not impressed with this course at all.
5
Member's Profile
There was a lot of content in the short amount of time. Facilitator is very knowledgeable and has a pleasant voice, making it easier to follow.
5
Member's Profile
An excellent overview of the difference between taxable and non-taxable fringe benefits. Pay close attention to what is and isn't excludable!
4
Member's Profile
the slides were not legible when printed because it came out white letters on white background. not sure if issue is on my end.
4
Anonymous Author
Overall good course. More real life examples of taxable and non taxable income will make the course easier to follow.
5
Anonymous Author
Good to remember that certain items are taxable to employees. companies often forget the rules or at least choose to
4
Anonymous Author
Would have been better if the slides included more of what the instructor was teaching, like examples or scenarios.
4
Member's Profile
liked the course - would like to hear about best methods for gathering the information to tax the employee.
5
Member's Profile
Great overview of what is and is not taxable. Not being familiar with payroll, it was very informational.
5
Anonymous Author
Nice refresher on fringe benefits and great introductory information. I look forward to the next course.
5
Member's Profile
Good content with clear explanations of different aspects of taxable and non-taxable fringe benefits.
3
Member's Profile
More examples of taxable vs. nontaxable scenarios, like what we received in the exam would be nice.
4
Member's Profile
This course gives great info on fringe benefits and helps to clarify the different types of fringe.
5
Member's Profile
The instructor goes at good pace giving you enough examples and time to understand the material.
4
Member's Profile
it's good and convenient for those people who work with company that don't reimburse expenses.
5
Anonymous Author
This course was very informative. I especially like that there is a review after each section.
4
Anonymous Author
It would be nice to have more details on the slides or references to the IRS code sections.
4
Anonymous Author
The examples provided made it better to follow the information provided by the instructor.
2
Member's Profile
The presenter's communication skills could be much better, and the slides were inadequate.
5
Anonymous Author
I found the topic of this course interesting and the instructor was great at explaining it
4
Member's Profile
Would have liked a little more detail around company provided food, cell phone, etc.
3
Member's Profile
Thank you for the explanation of Fringe Benefits. It was helpful and informative.
3
Anonymous Author
language wasn't as free flowing and was a bit choppy but otherwise course was good
5
Anonymous Author
This is a good basic class on fringe benefits. The instructor is informative.
5
Anonymous Author
Helpful review of fringe benefits and how to determine which ones are taxable.
5
Member's Profile
Detailed information with good references to sources to ensure compliance.
4
Anonymous Author
I would've appreciated the limits on the handouts as additional reference
5
Member's Profile
Very are to read the PDF, class overall is a great topic for payroll.
5
Anonymous Author
good course on the overview of fringe benefits and rules relating them
5
Anonymous Author
Great refresher. Very well taught and good content. Thank you,
3
Anonymous Author
I would have preferred discussion on more types of fringe benefits.
5
Member's Profile
I think that I am going to have to have a review with my employer.
Anonymous Author
Kind of boring and monotonous but good information on the subject.
4
Anonymous Author
Good info, slides would have been more helpful with more detail.
4
Anonymous Author
Great reminder on fringe benefits and its applicable taxation.
5
Member's Profile
Moved at a reasonable pace and was very understandable.
5
Member's Profile
Excellent refresher for fringe benefits and tax status.
Member's Profile
A very basic overview of fringe benefits.
4
Member's Profile
Good coverage of all possibilities.
4
Member's Profile
I thought there would more details.
4
Anonymous Author
ok
Anonymous Author
ds

Prerequisites

Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  1:42Introduction to Fringe Benefits? Are They Taxable or Non-Taxable Income to the Employee?
Fringe Benefits
  9:42Fringe Benefits: Compensation/Gross Income and Fair Market Value
  7:56Non -Taxable Fringe Benefits
  9:48Non -Taxable Fringe Benefits (Continued)
  11:21Imputed Income
CONCLUSION
  6:46Other Payments and Course Summary
Continuous Play
  47:15Fringe Benefits? Are They Taxable or Non-Taxable Income to the Employee?
SUPPORTING MATERIALS
  PDFSlides: Fringe Benefits
  PDFFringe Benefits Glossary/Index
REVIEW and TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM