Course

Fringe Benefits & Qualified Plan Update

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Event Details

Wednesday, August 8, 2018

8:00am – 11:30am
(Registration: 7:30am)

Location

Billings Hotel & Convention Center

1223 Mullowney Ln

Billings, MT 59101-6301

406-248-7151

Field of Study

Taxation

CPE Credit

4 hours CPE credit

Course Code

FBQP4-06

Instructor

Level of Knowledge

Update

Vendor

Bradley Burnett Tax Seminars

Prerequisites

None

Description

Fringe benefits and qualified plans in all their glory save both employers and employees a bundle of money in income and employment taxes. Congress, IRS and the courts have been hacking away lately at the pile of them, adding new ones and eliminating and tweaking others. In the health benefit context, among others, traditional notions are turned upside down. In the world of employer provided meals and entertainment, massive changes are upon us. In the qualified plan arena, the courts are hurling scalding hot water at some, while Congress and IRS are loosening their grip on others.

Highlights

  • The fringe benefit formula in all its naked glory
  • §105, 106 health insurance and reimbursement benefits after ACA (C and S Corps, partnerships (and multimember LLCs), SMLLCs and sole proprietors) – And QSEHRAs
  • §223 HSA contributions by an employer (whoa, watch those discrimination rules)
  • §132 Working Condition, No Additional Cost, De Minimus and Qualified Employee Discount Fringe Benefits
  • §132 Qualified Transportation, Qualified Moving Expense and others
  • Recent adventures with qualified retirement plans: IRS/DOL audit activity
  • Qualified plan blown loans – Recent harsh court cases and new natural disaster clemency
  • IRS and the courts recent binge disqualifying plans for various transgressions
  • The all new 401(k) plan funding fork in the road
  • Forms W-2, 1095-B, 5500 and DOL reporting requirements
  • Discrimination rules, pitfalls and follies
  • Multi-employer concerns, including for controlled groups of corporations, common control groups and affiliated service groups – How the Tax Court is reacting
  • How accountable expense reimbursement plans save the day after Tax Reform
  • How does the Tax Cut and Jobs Act affect fringe benefit plans and qualified plans anyway?

Objectives

To learn recent developments affecting tax free fringe benefits and qualified plans. To develop an updated working knowledge as to what remains available and how to advantageously and responsibly deliver tax free fringes and retirement savings to employees.

Designed For

CPAs and other interested persons desiring to affordably and responsibly maximize tax free fringe benefits and qualified retirement plan benefits for employees.

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