PPT-AP and PR: Taxable vs Non Taxable Fringe Benefits

Fringe Benefits Under IRS Sec 132 Gross income is income from whatever source derived IRC section 61 Fringe benefits or perks provided to employees are included in income as wages unless expressively exempted under the IRC. Gross Income & Exclusions. Income Tax Fundamentals 2010 edition . Gerald E. . Whittenburg. . Martha Altus-. Buller. Student’s Copy. Gross income is “All income from whatever source derived”. What is a Fringe Benefit?. When Is It Taxable?. Presented By:. . Tammie Downey, CPP. Vice President, WPA APA. AVP / Assistant Payroll Manager, First Commonwealth Bank. 7/8/2015. Western PA Chapter of the APA. Independent Contractor vs. Employee. Behavioral Control. a. Degree of direction and control. b. How, when or where work is done. c. Who provides tools or equipment. Financial Control. Significant investment. VALUE . ADDED TAX. in European . Union . Tax Law. Introduction. . concept . of the value added . tax. scope of application of the Union . VAT legislation. definition of taxable . persons. taxable . transactions. Laura Kushner. Human Resources. League of Minnesota Cities. Agenda. Election . Judges. Fringe . Benefits . Independent Contractor Update. Minnesota Minimum Wage Law . Fair . Labor Standards . Act. Expansion of sick leave (if time). and Changes for 2017. Presented by:. Greg Kenworthy, CPA. Partner. Topics. Fringe Benefits. W-2 Add Backs. New Payroll Overtime Rules. Independent Contractor Issues. 1099 Rules and New Due Dates. ACA Reporting. Carmela Miller, CPP. howardcarmmiller@msn.com. Content Overview. Gross Income and Wages. Fringe Benefits under the IRC Code. Additional Employer Provided Benefits. Other Payments . Advances and Overpayments Guaranteed Wage Payments. *Please take a moment to mute your phone or computer’s microphone. Thank you!. A few “house-keeping” items…. All participants will be muted . throughout the webinar… it . wouldn’t hurt to mute yourself on your end as well!. An Employer’s Guide to Paying Fringe Benefits to Employees William Hays Weissman, Esq. Littler Mendelson, P.C. 925-927-4545 wweissman@littler.com October 6, 2016 1 Today’s Agenda Payments to Employees: William Hays Weissman, Esq.. Littler Mendelson, P.C.. 925-927-4545. wweissman@littler.com. October 8, 2015. Today’s Agenda. Payments to Employees: . The Basics. Gifts, Prizes and Awards . Other Payments to Employees. and Changes for 2017. Presented by:. Greg Kenworthy, CPA. Partner. Topics. Fringe Benefits. W-2 Add Backs. New Payroll Overtime Rules. Independent Contractor Issues. 1099 Rules and New Due Dates. ACA Reporting. What is Modified Adjusted Gross Income (MAGI) ? MAGI s tarts with your adjusted gross income (AGI) The following are sources of income and adjustments that you would report on your federal 1040 tax What is Modified Adjusted Gross Income (MAGI) ? MAGI s tarts with your adjusted gross income (AGI) The following are sources of income and adjustments that you would report on your federal 1040 tax Chris Siddle. Tolley Exam Training. Contents. 1. The fundamental principles of VAT. 2. Types of Supply. 3. Taxable Person /. Registration. 4. The VAT Return (VAT 100). 5. Time of Supply – The Tax Point.