Home
0
Home
Use Landscape to see Search/Filter
Item Types:
Field of Study:
Authors:
CPE Hours:
Keyword:
Course Details

Form 1099 and W-2 Reportable Fringe Benefits and Expense Reimbursements (Course Id 1566)

New / QAS / Registry / EA   Add to Cart 
Author : Steven D Mercatante, Tax Attorney, Author
Status : Production
CPE Credits : 2.5
IRS Credits : 2
Price : $22.45
Passing Score : 70%
NASBA Technical: Yes
Primary Subject-Field Of Study:

Taxes - Taxes for Course Id 1566

Description :

Form 1099 filing season is more intense than ever. Whether you are new or seeking an update this webcast will provide Accounts Payable, Payroll, and Tax with plain English guidance to help minimize mistakes. In this course, industry expert and corporate tax attorney Steven D. Mercatante Esq. takes a look some of the more common problems experienced by accounts payable and tax departments related to documenting, validating, and 1099/W-2 reporting expense reimbursements and fringe benefits payments. He also identifies key issues and best-practices for addressing these issues.

Usage Rank : 0
Release : 2019
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : Self-Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 11-Sep-2019
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - NASBA Registry - IRS Enrolled Agents - 1566

Keywords : Taxes, Form, 1099, W-2, Reportable, Fringe, Benefits, Expense, Reimbursements, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

  • Break down 1099 and W-2 reportable versus non-reportable fringe benefits and expense reimbursements, including a detailed discussion of the proper method for applying accountable plan rules (with real world examples provided and discussed) as well as record-keeping rules as required by the IRS
  • Identify recent changes to expense reimbursement and fringe benefit rules brought by the Tax Cuts and Jobs Act and learn how to address these changes in regards to W-2 and 1099 reporting requirements
  • Identify key expense reimbursement issues including the ongoing controversy over entertainment expenses, de minimis and working condition fringe benefits, commuting, meal, per diem, commuting and transportation expenses, and how and when they are 1099 and W-2 reportable
  • Get tips on filing effectively as well as creating policies and procedures for avoiding IRS penalties and audits involving fringe benefit and expense reimbursement situations as well as addressing the dangers of “gift-giving” in a business context and determining “fair market value” and a special analytical process for determining which fringes and reimbursements are reportable or not
  • Recognize how to identify when you must report expense reimbursements paid to employees, contractors, volunteers, and other workers including “highly compensated” employees
Course Contents :

Chapter 1 - Form 1099 and W-2 Reportable Fringe Benefits and Expense Reimbursements

Introduction

What is a fringe benefit

If there is W-2/1099 reporting what gets reported? 

Fringe Benefit Exclusion Rules

The Tax Cuts and Jobs Act Wrecking Ball

Accountable Plans 

Accountable Plans and General Travel and Entertainment Expenses

Travel Expenses

Entertainment Expenses - Additional Issues

Gift-Giving

Meal Reimbursements

Meals and Travel

Travel Expenses

How Long Do You Hold Onto Records?

Per Diem

Commuting Versus Transportation

Audits

Glossary

CPE Taxes Course: https://www.cpethink.com/tax-cpa-courses
Thank you for taking one of our free courses. Please select “Ok” so that we and the author can let you know about other free courses and special offers. If not please reply "No Thanks". Either way enjoy your free CPE course!
  
Exam completed on .

Do you want to add the course again?