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Form 1099 and W-2 Reportable Fringe Benefits and Expense Reimbursements - v10 (Course Id 1683)

QAS / Registry / EA
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Author : Steven D Mercatante, Tax Attorney, Author
Course Length : Pages: 29 ||| Review Questions: 9 ||| Final Exam Questions: 15
CPE Credits : 3.0
IRS Credits : 3
Price : $26.95
Passing Score : 70%
Course Type: NASBA QAS - Text - Technical - NASBA Registry - IRS Enrolled Agents
Primary Subject-Field Of Study:

Taxes - Taxes for Course Id 1683

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 : 2020
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : QAS Self Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 18-Aug-2020
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 - Text - Technical - NASBA Registry - IRS Enrolled Agents - 1683

Keywords : Taxes, Form, 1099, W-2, Reportable, Fringe, Benefits, Expense, Reimbursements, v10, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

  • Understand 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 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
  • Learn how to file 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 Subject Area: Tax
Course Contents :

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


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


Meal Reimbursements

Meals and Travel

Travel Expenses

How Long Do You Hold Onto Records?

Per Diem

Commuting Versus Transportation



CPE Taxes Course: https://www.cpethink.com/tax-cpa-courses
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