Employer s Tax Guide to Fringe Benefits
|
|
- Ernest Stanley
- 6 years ago
- Views:
Transcription
1 Employer s Tax Guide to Fringe Benefits #7325A EXAM MATERIAL
2
3 EMPLOYER S TAX GUIDE TO FRINGE BENEFITS (COURSE #7325A) COURSE DESCRIPTION This course will provide the practitioner with an overview of fringe benefits and the tax issues which surround such. There is a detailed section on fringe benefit exclusion rules, since any fringe benefit that is not excluded is taxable and the distinction is often misunderstood. Information on how to value fringe benefits and guidelines for withholding, depositing, and reporting taxable noncash fringe benefits is also covered. At the conclusion, the practitioner should have all the information necessary to guide them through the taxation issues related to fringe benefits. No prerequisites. Course level: Basic. Course #7325A 3 CPE hours. LEARNING ASSIGNMENTS AND OBJECTIVES As a result of studying each assignment, you should be able to meet the objectives listed below each individual assignment. ASSIGNMENT 1: SUBJECT Fringe Benefit Overview Fringe Benefit Exclusion Rules Study the course materials from pages 1 to 48 Complete the review questions at the end of each chapter Answer the exam questions 1 to 11 Objectives: To identify various cafeteria plan benefits To identify exclusions that apply to some fringe benefits ASSIGNMENT 2: SUBJECT Fringe Benefit Valuation Rules Rules for Withholding, Depositing, and Reporting Study the course materials from pages 49 to 70 Complete the review questions at the end of each chapter Answer the exam questions 12 to 15 Objectives: To recall how to value fringe benefits To recall various requirements for withholding and reporting taxable fringe benefits 7325A Final Exam 1
4 ASSIGNMENT 3: Complete the Answer Sheet and Course Evaluation and submit to PES NOTICE This course and test have been adapted from supplemental materials and information contained in the materials entitled Employer s Tax Guide to Fringe Benefits. Use of these materials or services provided by Professional Education Services, LP ( PES ) is governed by the Terms and Conditions on PES website ( PES provides this course with the understanding that it is not providing any accounting, legal, or other professional advice and assumes no liability whatsoever in connection with its use. PES has used diligent efforts to provide quality information and material to its customers, but does not warrant or guarantee the accuracy, timeliness, completeness, or currency of the information contained herein. Ultimately, the responsibility to comply with applicable legal requirements falls solely on the individual licensee, not PES. PES encourages you to contact your state Board or licensing agency for the latest information and to confirm or clarify any questions or concerns you have regarding your duties or obligations as a licensed professional. Professional Education Services, LP 2016 Program Publication Date 07/22/ A Final Exam
5 EMPLOYER S TAX GUIDE TO FRINGE BENEFITS (COURSE #7325A) - EXAM OUTLINE COURSE EXPIRATION DATE: Per AICPA and NASBA standards, this course must be completed within ONE YEAR from the date of purchase. TEST FORMAT: The following final exam, consisting of 15 multiple choice questions, is based specifically on the material included in this course. The answer sheet must be completed and returned to PES for CPE certification. You will find the answer sheet at the back of this exam packet so that you may easily remove it and use it while taking your test. LICENSE RENEWAL INFORMATION: The Employer s Tax Guide to Fringe Benefits course (#7325A) qualifies for 3 CPE hours. PROCESSING: Your exam will be graded promptly. You must score 70% or better to pass. If you mail or fax your exam, when you pass, your certificate of completion will be mailed. If you do not pass, we will give you a courtesy call to inform you of this, and another answer sheet will be sent to you free of charge. If you complete your exam online, your certificate will be available automatically in your account if you achieve a passing grade. GRADING OPTIONS Please choose only ONE of the following: GRADING OPTIONS: Please choose only ONE of the following. There is no additional charge for any of these grading options. Make sure to fill out your answer sheet completely prior to submitting it. ONLINE GRADING Visit our website at Login to your account (if you are a first-time user, you must set up a new user account). Click on My CPE in the left-hand navigation menu pane, then choose My CPE in Progress, and then click on Exam Grading. If your exam is not already located here, click on Add Exam Ordered by Phone, Fax, Mail, or Another Person and follow the instructions. MAIL Your exam will be graded and your certificate of completion mailed to you the same day we receive it. Your certificate will be dated according to the postmark date; therefore, you do not need to overnight your exam. Please mail your answer sheet to: Professional Education Services, LP 4208 Douglas Blvd., Ste 50 Granite Bay, CA FAX Your exam will be graded and you will be contacted either via phone or fax with your results within 4 business hours of receipt. A copy of your graded exam and certificate of completion will be mailed to you the same day we receive it. Your certificate will be dated according to the fax date. If you choose to fax your exam, please do not mail it. Your fax will serve as the original. Please refer to the attached answer sheet for further instructions on fax grading. Fax number (916) THANK YOU FOR USING PROFESSIONAL EDUCATION SERVICES. WE APPRECIATE YOUR BUSINESS!! 7325A Final Exam 3
6 THIS PAGE INTENTIONALLY LEFT BLANK.
7 EMPLOYER S TAX GUIDE TO FRINGE BENEFITS (COURSE #7325A) FINAL EXAM The following questions are multiple choice. Please indicate your choice on the enclosed Answer Sheet. 1. All of the following are qualified benefits of a cafeteria plan except: A. dependent care assistance B. group-term life insurance C. de minimis benefits D. health savings accounts 2. Which of the following is the contribution limit for health FSA plans beginning after December 31, 2015: A. $1,500 B. $2,000 C. $2,500 D. $2, Which of the following is the appropriate accident and health benefit treatment for a 2% shareholder of an S corporation: A. treat them as an employee B. treat them as an independent contractor C. they cannot receive accident and health benefits D. treat them as a partner in a partnership 4. Which of the following is a potential proper treatment for an achievement award given to an employee that exceeds the deductible business expense limit: A. include the cost that exceeds the allowable deduction in the employee s wages B. if an achievement award exceeds the deductible limit the entire award cannot be deducted at all C. the cost that is more than the allowable deduction is carried over into next year D. only 25% of the achievement award can be deducted 5. What is the maximum exclusion allowed from gross income for individuals receiving dependent care assistance: A. $2,500 B. $5,000 C. $7,500 D. $10, Which of the following is used to report the value of dependent care assistance provided to an employee: A. Form W-2 B. Form I-9 C. Form 941 D. Form All of the following meet the noncompensatory business services rule for cell phones except: A. the cell phone is used for contact at all times for work-related emergencies B. a requirement that the employee is available to speak with clients at times when the employee is out of the office C. there is a need to speak with clients located in other time zones and outside the employee s normal workday D. it is provided to promote goodwill and boost morale for the employee 8. Generally, life insurance must be provided to at least which of the following in order to qualify as group-term life insurance: A. 5 full-time employees B. 10 full-time employees C. 5 full-time and 5 part-time employees D. 10 part-time employees 7325A Final Exam 5
8 9. Jerry receives $250,000 of group-term life insurance coverage. Jerry is 50 years old, is not a key employee, and he pays $100 per year toward the cost of the insurance. Using Table 2-2, which of the following is the amount that his employer must include on Jerry s W-2: A. $46 B. $200 C. $452 D. $ For an employer to treat all meals provided to employees on the business premises as furnished for the employer s convenience, what percentage of employees must be furnished meals for the employer s convenience: A. greater than 25% B. greater than 50% C. greater than 75% D. greater than 85% 11. In 2016, which of the following is the allowable exclusion amount for combined commuter highway vehicle transportation and transit passes: A. $130 per month B. $250 per month C. $255 per month D. $260 per month 13. Which of the following is the standard mileage rate for the 2016 cents-per-mile rule: A cents B cents C cents D cents 14. For 2016, all of the following are considered control employees of a nongovernment employer except: A. an elected officer whose pay is $155,000 B. a director C. an employee whose pay is $189,000 D. an employee who owns 4% of equity interest in the business 15. For an employee that earns more than $200,000 in wages in a calendar year, which of the following is the Additional Medicare Tax rate: A. 0.9% B. 1.45% C. 4.85% D. 6.0% Congratulations you ve completed the exam! 12. Which of the following is the general valuation rule of a fringe benefit: A. fair market value B. historical cost C. replacement value D. book value A Final Exam
9 EMPLOYER S TAX GUIDE TO FRINGE BENEFITS #7325A (3 CPE HOURS) ANSWER SHEET (7/16) IMPORTANT NOTE: For certification, this answer sheet must be completed and submitted to PES for grading within ONE YEAR from the date of purchase. Please use BLACK INK and PRINT for quicker processing thank you. Full Name (as it appears on your license) Address ( Home Work ) City State Zip Daytime Phone ( ) License Number State Exp Date: / Are you a: CPA CFP EA (check all that apply) PTIN Number (if applicable) If course was ordered by another party, please indicate their name here: GRADING OPTIONS Please choose only ONE of the following: ONLINE GRADING Visit our website at Login to your account (if you are a first-time user, you must set up a new user account). Click MY CPE, and then choose My CPE in Progress and click on Exam Grading. (If your exam is not already located here, click Add Exam Ordered by Phone, Fax, Mail, or Another Person and follow the instructions. Mail Mail your exam to: PES, 4208 Douglas Blvd., Ste 50, Granite Bay, CA Fax Fax your exam to (916) and choose one of the following options: mail my results only or fax ( ) phone my results to: ( ) PLEASE INDICATE YOUR ANSWER BY FILLING IN THE APPROPRIATE CIRCLE Please complete the attached course evaluation - your opinion is extremely valuable! 7325A Final Exam 7
10 EMPLOYER S TAX GUIDE TO FRINGE BENEFITS #7325A COURSE EVALUATION Rate on a scale of 1-10 with 1 being poor and 10 being excellent. 1. The course met the course objectives described in the promotional material. 2. The course was up to date, held my interest, was timely, and effective. 3. The course materials were understandable, valuable, and suitable for a correspondence course. 4. The amount of advance knowledge and stated prerequisites were appropriate. 5. The completion time was appropriate for the number of credits allowed. 6. The course met my professional education needs. Please answer the following questions mark/rate any and all that may apply 1. How would you rate PES s order desk customer service 2. What can PES do to keep you as a valued customer? 3. Any other comments regarding this course or our company would be appreciated. 4. What other courses/subjects would you like to see PES offer in the future? PLEASE MAIL YOUR EVALUATION TO: Professional Education Services, LP 4208 Douglas Blvd., Ste 50 Granite Bay, CA A Final Exam
11 THIS PAGE INTENTIONALLY LEFT BLANK.
Prospective Financial Statements: Performance and Usage. Course #6845/QAS6845 Exam Packet
Prospective Financial Statements: Performance and Usage Course #6845/QAS6845 Exam Packet PROSPECTIVE FINANCIAL STATEMENTS: PERFORMANCE AND USAGE (COURSE #6845/QAS6845) COURSE DESCRIPTION This course discusses
More informationEthics and the Tax Professional. Course #4200L/QAS4200L Exam Packet
Ethics and the Tax Professional Course #4200L/QAS4200L Exam Packet ETHICS AND THE TAX PROFESSIONAL (COURSE #4200L/QAS4200L) COURSE DESCRIPTION This course is designed to meet general ethics requirements.
More informationEthics and the Tax Professional. Course #4200J/QAS4200J Exam Packet
Ethics and the Tax Professional Course #4200J/QAS4200J Exam Packet ETHICS AND THE TAX PROFESSIONAL (COURSE #4200J/QAS4200J) COURSE DESCRIPTION This course is designed to meet general ethics requirements.
More informationToday s Cafeteria Plans. Course #5550G/QAS5550G Exam Packet
Today s Cafeteria Plans Course #5550G/QAS5550G Exam Packet TODAY S CAFETERIA PLANS (COURSE #5550G/QAS5550G) COURSE DESCRIPTION Cafeteria plans are unique vehicles through which employers have been able
More informationEstate and Trust Income Taxation. Course #5185J/QAS5185J Exam Packet
Estate and Trust Income Taxation Course #5185J/QAS5185J Exam Packet ESTATE AND TRUST INCOME TAXATION (COURSE #5185J/QAS5185J) COURSE DESCRIPTION This course has two major components. The first component
More informationSocial Security and Medicare: A Survey of Benefits. Course #5485E/QAS5485E Exam Packet
Social Security and Medicare: A Survey of Benefits Course #5485E/QAS5485E Exam Packet SOCIAL SECURITY AND MEDICARE: A SURVEY OF BENEFITS (COURSE #5485E/QAS5485E) COURSE DESCRIPTION Social security is big
More informationFinancial Implications of Federal Health Care Reform. Course #6735/QAS6735 Exam Packet
Financial Implications of Federal Health Care Reform Course #6735/QAS6735 Exam Packet FINANCIAL IMPLICATIONS OF FEDERAL HEALTH CARE REFORM (COURSE #6735/QAS6735) COURSE DESCRIPTION The Patient Protection
More informationSmall Business Taxation. Course #5475G/QAS5475G Exam Packet
Small Business Taxation Course #5475G/QAS5475G Exam Packet SMALL BUSINESS TAXATION (COURSE #5475G/QAS5475G) COURSE DESCRIPTION This course gives the practitioner a detailed look at tax issues that affect
More informationIndividual Income Tax
Individual Income Tax #5300U EXAM MATERIAL INDIVIDUAL INCOME TAX (COURSE #5300U) COURSE DESCRIPTION This course provides a general overview of federal income tax laws for individuals. It explains who
More informationDerivatives and Hedging for Accountants. Course #6270/QAS6270 Exam Packet
Derivatives and Hedging for Accountants Course #6270/QAS6270 Exam Packet DERIVATIVES AND HEDGING FOR ACCOUNTANTS (COURSE #6270/QAS6270) COURSE DESCRIPTION A derivative is a financial product that derives
More informationAn Accountant s Guide to Trusts. Course #5565D/QAS5565D Exam Packet
An Accountant s Guide to Trusts Course #5565D/QAS5565D Exam Packet AN ACCOUNTANT S GUIDE TO TRUSTS (COURSE #5565D/QAS5565D) COURSE DESCRIPTION AND INTRODUCTION Trusts are widely used in both financial
More informationGAAP: Inside and Out. Course #5270J/QAS5270J Exam Packet
GAAP: Inside and Out Course #5270J/QAS5270J Exam Packet GAAP: INSIDE AND OUT (COURSE #5270J/QAS5270J) COURSE DESCRIPTION This course covers a variety of issues related to GAAP including the unusual reporting
More informationPractice Issues: Compilation and Review. Course #6210A/QAS6210A Exam Packet
Practice Issues: Compilation and Review Course #6210A/QAS6210A Exam Packet PRACTICE ISSUES: COMPILATION AND REVIEW (COURSE #6210A/QAS6210A) COURSE DESCRIPTION This course informs the reader of the various
More informationTax Issues and Consequences in Financial Planning. Course #5505F/QAS5505F Exam Packet
Tax Issues and Consequences in Financial Planning Course #5505F/QAS5505F Exam Packet TAX ISSUES AND CONSEQUENCES IN FINANCIAL PLANNING (COURSE #5505F/QAS5505F) COURSE DESCRIPTION Any type of investment
More information101 Financial Solutions: Diagnosis and Remedy. Course #5915B/QAS5915B Exam Packet
101 Financial Solutions: Diagnosis and Remedy Course #5915B/QAS5915B Exam Packet 101 FINANCIAL SOLUTIONS: DIAGNOSIS AND REMEDY (COURSE #5915B/QAS5915B) COURSE DESCRIPTION AND INTRODUCTION A manager s success
More informationEmployer's Tax Guide to Fringe Benefits
Department of the Treasury Internal Revenue Service Publication 15-B Cat. No. 29744N Employer's Tax Guide to Fringe Benefits For use in 2014 Contents What's New... 1 Reminders... 2 Introduction... 2 1.
More informationIntroduction to Fraud Examination. Course #5695B/QAS5695B Exam Packet
Introduction to Fraud Examination Course #5695B/QAS5695B Exam Packet INTRODUCTION TO FRAUD EXAMINATION (COURSE #5695B/QAS5695B) COURSE DESCRIPTION This course is an ideal introduction for beginners in
More informationEmployer's Tax Guide to Fringe Benefits
Department of the Treasury Internal Revenue Service Publication 15-B Cat. No. 29744N Employer's Tax Guide to Fringe Benefits For use in 2013 Contents What's New... 1 Reminders... 2 Introduction... 2 1.
More informationPES has been an approved EA CE provider for over 20 years!
Taxation Unless otherwise noted: All course material provided. No prerequisites. Course level: Basic. New Update! Keep Up-To-Date with PES! Individual Income Tax [ 24 CE hours for only $124.50] course
More informationAccountant s Guide to Financial Management. Course #5965B/QAS5965B Exam Packet
Accountant s Guide to Financial Management Course #5965B/QAS5965B Exam Packet ACCOUNTANT S GUIDE TO FINANCIAL MANAGEMENT (COURSE #5965B/QAS5965B) COURSE DESCRIPTION AND INTRODUCTION This course is designed
More informationAnnual Accounting and Auditing Update and Review. Course #5410I/QAS5410I Exam Packet
Annual Accounting and Auditing Update and Review Course #5410I/QAS5410I Exam Packet ANNUAL ACCOUNTING AND AUDITING UPDATE AND REVIEW (COURSE #5410I/QAS5410I) COURSE DESCRIPTION This course brings you up-to-date
More informationPreparing for an Internal Revenue Service Review for a Housing Authority
Preparing for an Internal Revenue Service Review for a Housing Authority Prepared by Urlaub & Co., PLLC, Certified Public Accountants (580) 332-4802 Presented by Ronald Urlaub, CPA 1 Objectives To understand
More informationClosely Held Corporations
Closely Held Corporations Tax Planning Course Description This course examines and explains the practical aspects of using the closely held corporation to maximize after-tax return on business operations.
More informationQUARTERLY CPE EXAM ON THE
Name (Print) Firm Address City/State/Zip Telephone (Day) Email Address Accounting Education Associates (www.accounting-education.com) 1809 Worsham Place, Greensboro, NC 27408-3113 Email Address: info@accounting-education.com
More informationQUARTERLY CPE EXAM ON THE
Accounting Education Associates (www.accounting-education.com) 1809 Worsham Place, Greensboro, NC 27408-3113 Email Address: info@accounting-education.com Phone: (800) CPE-Exam; Fax: (800) 645-1099 QUARTERLY
More informationFringe Benefits That May Affect Your Payroll Reporting and Tax Withholding
Anchin Alert Anchin, Block & Anchin LLP Accountants and Advisors November 2018 Fringe Benefits That May Affect Your Payroll Reporting and Tax Withholding To Our Business Clients: Attached for your convenience
More informationFRINGE BENEFITS. Federal, State and Local Governments (FSLG) FRINGE BENEFITS GENERAL RULES. FSLG Specialist Clark Fletcher
FRINGE BENEFITS Sponsored by Commonwealth of Northern Marianas Islands, Division of Revenue & Taxation March 2, 2010 1 Federal, State and Local Governments (FSLG) FSLG Specialist Clark Fletcher Tel: 425.489.4042
More information2016 Year End Guide. Dear Valued Payroll Dynamics Client,
2016 Year End Guide Dear Valued Payroll Dynamics Client, The end of 2016 is approaching! Payroll Dynamics knows that our clients rely on us to guide them through the complexities of year-end payroll and
More informationComprehensive W-2 Review Presented by: Jacob Franklin, CPA
Comprehensive W-2 Review Presented by: Jacob Franklin, CPA Presenter Information Jacob Franklin, CPA Senior Tax Manager Grand Forks, ND Overview 1. Tying Out Year-End Payroll Reports 2. W-2 Example 3.
More information608 Taxability of Employee Benefits
Page 1 of 9 608 Taxability of Employee Benefits Approved by President Sidney A. McPhee, President Effective Date: January 1, 2019 Responsible Division: Business and Finance Responsible Office: Business
More informationTax Essentials. Presented by: Barry H. Franklin, CPA
Tax Essentials Presented by: Barry H. Franklin, CPA 770-492-8700 barry@franklincpafirm.com www.franklincpafirm.com Objectives 2 R E S O U R C E S F O R YO U C U R R E N T TA X U P D AT E 4 S I M P L E
More informationVehicle Non-Cash Fringe Benefits Reporting Requirements
PERCY S. YANG, CPA, ABV KATHLEEN M. ALAMEDA, CPA DEBRA K. DOBLE, CPA JENNIFER D. CASTELLUCCIO, CPA YUAN CAI, CPA ALAN HA, CPA VENUS JANDU, CPA JAN L. JONES, CPA MICHAEL R. RAMIL, CPA JOHN ROSENTHAL, CPA
More informationMarch Payment of Employee Withholding Tax. Brook Park Tax Connect ACH-Debit Payment System
March 2010 Payment of Employee Withholding Tax Brook Park Tax Connect ACH-Debit Payment System Thank you for using the Tax Connect ACH-Debit Payment System. For your convenience, this platform is available
More informationEZ Parent Center Directions First Time Parent Sign Up with Meal Preordering
EZ Parent Center Directions First Time Parent Sign Up with Meal Preordering Below are the instructions for parents to create an account and request access to one or multiple students. After a successful
More informationFor Santa Clara County Districts District Business and Advisory Services Judy Lee Kershaw, Director, DBAS: Bulletin:
Date: November 16, 2017 To: From: District Fiscal Directors District Payroll and Personnel Directors For Santa Clara County Districts District Business and Advisory Services Judy Lee Kershaw, Director,
More informationLIVE LEARNING All tax practitioners are welcome to attend No credential or membership restrictions.
LIVE LEARNING 2018 All tax practitioners are welcome to attend No credential or membership restrictions. BUSINESS ENTITIES 16 CPE CREDITS TAXATION BASIC LIVE 2 DAYS FOR: CPA, EA, CTEC, CFP, ALL TAX PROS
More informationWebinar Question Category BKD Response. Are safety shoes excludable? Accountable Plan Yes, as long as they re reimbursed under an accountable plan.
Fringe Benefits Webinar Question Category BKD Response An employee has an annual CME allowance and uses part of it to purchase a computer, which will be used on the job. They can keep the computer when
More informationnamed 2018 Year End Packet Action Items that summarizes the required steps to be taken for each item.
HUTS N G BBLE LLC Important - Time Sensitive Dear Clients, As the end of the year approaches, there are several important items that are required to be reported on employee and employee-owner W-2 s. These
More information(Signed) (Dated) Please print your full name: Please print your address: To which state boards or agencies do you report CPE?
Accounting Education Associates (www.accounting-education.com) Post Office Box 4192, Greensboro, NC 27404-4192 Email Address: info@accounting-education.com Phone: (800) CPE-Exam; Fax: (800) 645-1099 QUARTERLY
More informationEMPLOYEE VS CONTRACTOR
INTERNAL REVENUE SERVICE EMPLOYEE VS CONTRACTOR Presented By: Deishun Garmon-Robinson Badge Number: FSLG Specialist Tax Exempt and Government Entities Internal Revenue Service 1110 Montlimar Drive, Suite
More informationSteven R. Perryman, CPA INDIVIDUAL TAX RETURN ENGAGEMENT LETTER
Steven R. Perryman, CPA 1040 - INDIVIDUAL TAX RETURN ENGAGEMENT LETTER This letter is to confirm and specify the terms of our engagement with you and to clarify the nature and extent of the services we
More informationPAYROLL & RELATED TAX ISSUES. Bruce A. Beyler, CPA
PAYROLL & RELATED TAX ISSUES Bruce A. Beyler, CPA Index of Topics u u u Worker Classification Compensation Fringe Benefits u Some New Items for 2016 u u u u Wage & Tax Statement (Form W-2) and Box 12 Codes
More informationSocial Security and Medicare: A Survey of Benefits
Social Security and Medicare: A Survey of Benefits #5485L COURSE MATERIAL TABLE OF CONTENTS Chapter 1: Introduction and Overview 1 I. Social Security: The Numbers Game 1 II. Social Security: A Snapshot
More information51A Middle Street Newburyport MA Phone: Fax:
Course Information Course Title: Installment Sales #492518 51A Middle Street Newburyport MA 01950 Phone: 800-588-7039 Fax: 877-902-4284 contact@bhfe.com www.bhfe.com Recommended CPE credit hours for this
More informationChoosing the Right Entity
Choosing the Right Entity Course Description This comprehensive book describes and compares sole proprietorships, partnerships, limited liability companies, C corporations and S corporations. It examines
More informationRE: W-2 REPORTING REQUIREMENTS FOR FRINGE BENEFITS TO BE ADDED TO EMPLOYEES' W-2 AS COMPENSATION
December 2017 To Our Clients: RE: - 2017 W-2 REPORTING REQUIREMENTS FOR FRINGE BENEFITS TO BE ADDED TO EMPLOYEES' W-2 AS COMPENSATION - SPECIAL RULES FOR S-CORPORATION SHAREHOLDERS In this letter, we will
More informationSelf-Service Enrollment Instructions. Courtesy of
Self-Service Enrollment Instructions Courtesy of Self-service Enrollment BenAware s convenient self-service portal is available for use anytime during the open enrollment period. STEP 1: VISIT ENROLLMENT
More informationACCOUNTING FOR EMPLOYEE FRINGE BENEFITS. All campuses served by Louisiana State University (LSU) Office of Accounting Services
Louisiana State University Finance and Administration Operating Procedure FASOP: AS-12 ACCOUNTING FOR EMPLOYEE FRINGE BENEFITS Scope: Effective: Purpose: All campuses served by Louisiana State University
More informationRE: W-2 REPORTING REQUIREMENTS FOR FRINGE BENEFITS TO BE ADDED TO EMPLOYEES' W-2 AS COMPENSATION
To Our Clients: November 2018 RE: - 2018 W-2 REPORTING REQUIREMENTS FOR FRINGE BENEFITS TO BE ADDED TO EMPLOYEES' W-2 AS COMPENSATION - SPECIAL RULES FOR S-CORPORATION SHAREHOLDERS In this letter, we will
More informationTaxable Fringe Benefit Guide
Note: This document contains information on qualified commuter tax benefits only. The entire document, "Tax Fringe Benefit Guide" is available at http://www.irs.gov/pub/irs-tege/fringe_benefit_fslg.pdf.
More informationNavigating Fringe Benefits: Exempt Organization Overview Q&A
Navigating Fringe Benefits: Exempt Organization Overview Q&A Below is a summary of the questions we have received from tax-exempt organizations regarding fringe benefits with answers from our tax team.
More informationCorrespondence Examination
Correspondence Examinations Kristy Maitre Tax Specialist Center for Agricultural Law and Taxation July 14, 2015 Correspondence Reporting Compliance Programs Two major compliance programs within the Campus
More informationTravel, Entertainment and Auto Tax Rules
Travel, Entertainment and Auto Tax Rules Course Description Updating practitioners on current developments, this core program examines and explains the practical aspects of travel and entertainment deductions.
More informationFSLG Fringe Benefit Guide FEDERAL, STATE, AND LOCAL GOVERNMENTS THE INTERNAL REVENUE SERVICE
FSLG Fringe Benefit Guide FEDERAL, STATE, AND LOCAL GOVERNMENTS THE INTERNAL REVENUE SERVICE January 2013 TABLE OF CONTENTS 1 Introduction 2 Reporting and Withholding on Fringe Benefits 3 Working Condition
More informationChapter 4 Employee Compensation
Chapter 4 Employee Compensation Key Concepts Most forms of employee compensation are fully taxable to the employee as income and fully deductible by the employer as a business expense. Fringe benefits
More information16. =a= =b= =c= =d= =e= 25. =a= =b= =c= =d= =e=
Accounting Education Associates (www.accounting-education.com) 1809 Worsham Place, Greensboro, NC 27408-3113 Email Address: info@accounting-education.com Phone: (800) CPE-Exam; Fax: (800) 645-1099 QUARTERLY
More informationGuide to online withdrawals
Streamlined withdrawal processing The online withdrawal process on the secure My TIAA-CREF website has the same easy-to-use navigation and functionality as other websites that you visit regularly to shop,
More informationChoice of Entity. Course Description & Study Guide
Choice of Entity Course Description & Study Guide This comprehensive book describes and compares sole proprietorships, partnerships, limited liability companies, C corporations and S corporations. It examines
More informationChoice of Entity Course Description & Study Guide C4019
Choice of Entity Course Description & Study Guide C4019 This comprehensive book describes and compares sole proprietorships, partnerships, limited liability companies, C corporations and S corporations.
More information7 Qualified Transportation Fringe (QTF) Benefits
7 Qualified Transportation Fringe (QTF) Benefits This section discusses rules that apply to benefits provided to an employee for the employee's personal transportation related to commuting to and from
More informationStates rights are a major foundation upon
FOCUS on self-study CPE Oklahoma s Unique Sales Tax Issues & How to Handle Them By Brent Watson, CPA Brent Watson, CPA, is a state and local tax manager for Grant Thornton LLP in Tulsa, Okla. An OSCPA
More informationFEDERAL STATE AND LOCAL GOVERNMENTS TAX EXEMPT/ GOVERNMENT ENTITIES: FSLG Mission: FRINGE BENEFITS
FEDERAL STATE AND LOCAL GOVERNMENTS FRINGE BENEFITS TAX EXEMPT/ GOVERNMENT ENTITIES: Federal, State and Local Governments Indian Tribal Governments Tax Exempt Bonds FSLG Mission: To provide government
More information2017 Leading Producers Round Table Application The National Association of Health Underwriters
2017 Leading Producers Round Table Application The National Association of Health Underwriters (Carriers and general agencies nominating their internal sales force, please use the Carrier and General Agency
More informationSteven R. Perryman, CPA INDIVIDUAL TAX RETURN ENGAGEMENT LETTER
Steven R. Perryman, CPA 1040 - INDIVIDUAL TAX RETURN ENGAGEMENT LETTER This letter is to confirm and specify the terms of our engagement with you and to clarify the nature and extent of the services we
More informationMember Access Manual. Contents. Registration Process Logging In Making a Donation Donation History Account Information
Manual Contents Registration Process Logging In Making a Donation Donation History Account Information This is the first screen you will see as a new user, and for future logins. First time users must
More informationBefore you start the enrollment process, please note the points below:
Congratulations! You are eligible to participate in the R.E.Y. Engineers 401(k) Profit Sharing Plan. This is an employee benefit sponsored by R.E.Y. to assist you in preparing for your financial future.
More information2017 Year-End Tax Memo
2017 Year-End Tax Memo An Annual Publication of Large & Gilbert, Inc. January 2018 Large & Gilbert, Inc., is a full service CPA firm specializing in Accounting, Tax, Consulting, Business Advisory, Wealth
More informationZainer Rinehart Clarke. December Dear Clients and Friends:
ZAINER RINEHART CLARKE CERTIFIED PUBLIC ACCOUNTANTS APC AN INDEPENDENT MEMBER OF DFK INTERNATIONAL Santa Rosa St. Helena Sonoma 3510 UNOCAL PLACE, SUITE 350 SANTA ROSA, CALIFORNIA 95403 707 525.1163 707
More informationJanuary 7, Medicare Rate 1.45% [.0145]* 1.45% [.0145] Maximum wage NO MAXIMUM NO MAXIMUM Maximum withholding NO MAXIMUM NO MAXIMUM
January 7, 2019 Dear Client: We want to take this opportunity to thank you for your continued support of our firm. As we move forward to 2019, we want to update you on relevant changes to payroll and general
More informationPARTNERSHIP TAX ORGANIZER FORM 1065 (EXPANDED VERSION)
PARTNERSHIP TAX ORGANIZER FORM 1065 ORGANIZATION NAME ADDRESS TELEPHONE # FAX # E-MAIL ADDRESS TAX YEAR ENDING FEDERAL ID # STATE ID # Enclosed is an organizer that I (we) provide to our tax clients to
More informationTaxation of Fringe Benefits Jeffrey A. Schneider, EA, CTRS, NTPIF SFS Tax & Accounting Services SFS Tax Problem Solutions S US Highway 1 Suite
Taxation of Fringe Benefits Jeffrey A. Schneider, EA, CTRS, NTPIF SFS Tax & Accounting Services SFS Tax Problem Solutions 10570 S US Highway 1 Suite 203 Port St. Lucie, FL 34952 jeff@sfstaxacct.com www.sfstaxacct.com
More informationHeavy Highway Vehicle Use Tax Return For the period July 1, 2017, through June 30, 2018
Form 2290 (Rev. July 2017) Department of the Treasury Internal Revenue Service (99) Name Heavy Highway Vehicle Use Tax Return Keep a copy of this return for your records. Attach both copies of Schedule
More informationJanuary 3, Medicare Rate 1.45% [.0145]* 1.45% [.0145] Maximum wage NO MAXIMUM NO MAXIMUM Maximum withholding NO MAXIMUM NO MAXIMUM
January 3, 2017 Dear Client: We want to take this opportunity to thank you for your continued support of our firm. As we move forward to 2017, we want to update you on relevant changes to payroll and general
More informationTAXABLE AND NONTAXABLE COMPENSATON. CHAPTER 3, Part I (2016)
TAXABLE AND NONTAXABLE COMPENSATON CHAPTER 3, Part I (2016) 1 GROSS INCOME The IRC uses the term gross income to determine a taxpayer s federal tax bill and defines it as compensation for services, including
More informationTECH FLEX. In the announcement increasing the mileage rates, IRS Commissioner Doug Shulman stated the following:
JULY 2008 TECH FLEX ISSUE VII The topics covered in this issue are: Benefits: IRS Increases Mileage Reimbursement Rates Further HSA Guidance Released by IRS CMS Releases Updated Medicare Part D Notices
More informationFinancial Planning and Tax Strategies
Financial Planning and Tax Strategies Course Description This course integrates federal taxation with overall financial planning. It will explore tax strategies relating to the central financial tactics
More informationORDINANCE NO O
6-5 6-5.3 ORDINANCE NO. 01-570-O AN ORDINANCE PRESCRIBING LICENSING GUIDELINES TO BE FOLLOWED IN REVIEWING APPLICATIONS AND MAKING RECOMMENDATIONS ON LIQUOR LICENSE APPLICATIONS. The City of Columbia City
More information2017 JAMES J. TOWEY, P.C. Information Summarizer for Self Employed
2017 JAMES J. TOWEY, P.C. Information Summarizer for Self Employed 11555 Beamer Road, Ste. 100 Houston, TX 77089 (281)484-5561 (Tel.) (281)481-0987 (Fax) pcjjt76@gmail.com www.jamesjtoweycpa.com CLIENT:
More informationQuarter Processing: Closing the Quarter
Quarter Processing: Closing the Quarter Handout Manual Need support after training? To exchange tips and best practices with fellow users, get on The Bridge an online community built exclusively for ADP
More informationCOMMUTER CHOICE TAX BENEFITS AN EMPLOYER GUIDE
COMMUTER CHOICE TAX BENEFITS AN EMPLOYER GUIDE Discover how to help your employees save $2,846 a year. And, employers save on taxes too! Introduction In this guide to the Commuter Choice Tax Benefit Program,
More informationEssential Legal Concepts with Tax Analysis
Essential Legal Concepts with Tax Analysis Course Description While accounting and the practice of law are separate professions, the accountant must be conversant with essential legal concepts. Modern
More informationProvided Cell Phones But Questions Remain
IRS Provides Tax Relief for Employer - Provided Cell Phones But Questions Remain October 4, 2011 Presenters: www.morganlewis.com David Fuller Mary Hevener Vicki Nielsen Taxation of Cell Phones and Other
More informationWORKSHEET #2 - Employee Statement to Employer Employee using vehicle completes ALL OF Worksheet #2 and gives to employer.
October 2015 Dear Employer: As you know, the Internal Revenue Service (IRS) treats an employee s personal use of a company vehicle as an employee benefit, to be either reimbursed to the company by the
More informationMake a One Time Payment
Make a One Time Payment Masterpiece Platinum Portfolio Masterpiece Don t want to log in to pay your premium? Making a one-time payment is easy. Just follow the steps below to quickly pay your invoice.
More informationProvo City School District Policy Series 6000 Finances and Operations 6410 P1
Provo City School District Policy Series 6000 Finances and Operations 6410 P1 Employee Travel Procedures General Guidelines A. The district reimburses travelers the GSA per diem rates associated with travel
More informationIf the vehicle listing needs to be updated or changed, please a list of the changes to
Statewide Office of Human Resources 907-450-8200 (telephone) 907-450-8201 (fax) March 20, 2018 TO: FROM: SUBJECT: Department Heads Laycie Schnekenburger Senior Tax Accountant, SWOHR Personal Use of University
More informationClergy Compensation Archdiocese of Baltimore Parish/School Management Training April/May 2008
Clergy Compensation Archdiocese of Baltimore Parish/School Management Training April/May 2008 Archdiocese of Baltimore ~ Parish/School Management Training Agenda 1. Tax Treatment 2. Taxable Income 3. Administrative
More informationTAX SOLUTIONS PARTNERSHIP TAX ORGANIZER FORM 1065
TAX SOLUTIONS PARTNERSHIP TAX ORGANIZER FORM 1065 Enclosed is an organizer that we provide to our tax clients to assist in gathering the information necessary to prepare the current year tax returns. The
More informationQualified Transportation Benefit (QTB) Enrollment Kit
Qualified Transportation Benefit (QTB) Enrollment Kit Significant savings 24/7 web access Fast, efficient, convenient The benefit that benefits everyone The QTB Plan A Qualified Transportation Benefit
More informationACS YEAR-END FREQUENTLY ASKED QUESTIONS. General Ledger
ACS YEAR-END FREQUENTLY ASKED QUESTIONS This document includes answers to frequently asked questions about the following ACS modules: General Ledger Payroll Accounts Payable Accounts Receivable General
More informationDecember In addition, we have enclosed some additional materials for your guidance including:
Dear Client December 2011 It is time again to prepare for year-end payroll processing specifically the preparation of Forms W-2 and 1099. To assist you in the preparation of these forms, we offer the following
More informationSAMPLE K UNITS 7200 WISCONSIN AVENUE SUITE 1000 BETHESDA, MD 20814
SAMPLE K-1 1 UNITS 72 WISCONSIN AVENUE SUITE 1 BETHESDA, MD 2814 SAMPLE*: K-1 Tax Package Sample is for informational purposes only. The values are based on hypothetical units purchased in December 216
More informationENTERING AUTOMOBILE FRINGE IN A SEPARATE PAYROLL: EMPLOYEE PAYING TAXES
ENTERING AUTOMOBILE FRINGE IN A SEPARATE PAYROLL: EMPLOYEE PAYING TAXES When calculating automobile fringe, you have the option to do so in a payroll cycle separate from your normal payroll. If you choose
More informationBusiness Tax Information
2018 Year End Business Organizer Business Tax Information for (te: Complete one packet for EACH company.) Business Tax Information has compiled a general list of information needed to prepare your Company
More informationSetting up taxes in-house payroll
Quick lesson For more information, see Help > Contents > Payroll > Processing payroll in-house. Setting up taxes in-house payroll Goal: Learn how to set up employer- and employee-paid taxes for in-house
More informationDear Clients and Business Friends:
Dear Clients and Business Friends: All employers who furnish vehicles to employees for the employee s personal use are required to add the personal use value of the vehicle to the employee s W-2. As an
More informationAnnounces 2017 Seminars 2017 Business Issues Update and Review 2017 Part I Update and Review 2017 Part II Update and Review
Back To Basics Announces 2017 Seminars 2017 Business Issues Update and Review 2017 Part I Update and Review 2017 Part II Update and Review For over 35 years our seminars have covered the basics and a great
More informationDear Clients and Business Friends:
Dear Clients and Business Friends: All employers who furnish vehicles to employees for the employee s personal use are required to add the personal use value of the vehicle to the employee s W-2. As an
More informationPPO/HMO/SELF-PAY PATIENT INFORMATION ACKNOWLEDGMENT FORM PATIENT RIGHTS AND ACKNOWLEDGMENT FORM
PPO/HMO/SELF-PAY Dear New Patient: We know your time is valuable and we strive hard to begin and end our treatment sessions timely. As a new patient we have several forms for you to fill out. If you would
More informationClassic Payroll Federal Tax Rates 2015 CASELLE
Classic Payroll Federal Tax Rates 2015 CASELLE TABLE OF CONTENTS i Copyright Copyright 2014 Caselle, Inc. All rights reserved. This manual has been prepared by the Caselle documentation team for use by
More information