Video

  • 11 minutes

Taxation of Fringe Benefits and Proper Year End Processing

 

Your W-2 is not complete without proper fringe benefit taxation.

The important thing to remember, the IRS golden rule, is all remuneration cash and noncash is taxable unless an Internal Revenue Code (IRC) exists to exempt benefit. Many employers offer fringe benefits to employees as an incentive to accept employment and some of the fringe benefits are taxable to the employees, others are excludable. This video reviews fringe benefits taxation and year-end processing.

Runtime: 11 minutes