Taxation of Fringe Benefits in 2020: Meals, Parking and Entertainment (TXFB)

The Tax Cuts and Jobs Act made some important changes to the tax rules impacting fringe benefits. The IRS has issued clarifications and explanations relating to some important fringe benefits, such as employee parking and employer-provided meals. Tax practitioners should be up-to-date on the tax rules relating to fringe benefits so they can help their clients determine when employer-provided fringe benefits are taxable. This program addresses the most important fringe benefits employers provide to employees and discusses how they operate in light of the statutory and regulatory changes over the past two years.

• Taxation of fringe benefits
• Tax Cuts and Jobs Act changes to fringe benefits
• When the expense of employer-provided parking is deductible and included in employee income
• Repeal of the tax on qualified transportation fringe benefits for not-for-profits
• Employer-provided meals, snacks and parties
• Working condition fringe benefits
• De minimis fringe benefits
• Accident and health benefits

• Discuss taxable and nontaxable employer provided fringe benefits with clients