1 CPE In this course we discuss fringe benefits that are and are not subject to taxation, and the IRS guidelines used to make that determination.
We start with a brief overview of fringe benefits. From there we discuss IRS codes used for fringe benefits. This leads to a conversation about taxable vs. non-taxable fringe benefits. Then we work through examples of fringe benefits being provided to an employee by employer. Then we review transactions and discuss how the taxes are calculated for fringe benefits as to an employee being taxed or an employer grossing up taxation.
This course is a review for accounting and payroll professionals who need to sharpen their fundamental understanding of fringe benefits and how they translate into taxable or non-taxable income for employees.
Learning Objectives
- Recognize fringe benefits and their taxability
- Identify the concepts of Gross Income and Fair Market Value
- Explore additional employer provided benefits and taxability
- Identify other payments to employees and their effect on taxable earnings
- Explore the reporting and withholding of taxes on taxable cash and non-cash fringe benefits
Last updated/reviewed: March 15, 2024
162 Reviews (595 ratings)
Reviews
Anonymous
(Accountant)
I recently attended an accounting webinar, and it was incredibly informative. The presenters clearly explained complex topics and provided practical insights that I can apply to my day-to-day work. The session was well-organized, with a great balance between theory and real-world examples. Highly recommend for anyone looking to stay updated on the latest accounting practices!
Anonymous
(Controller)
Instructor was very knowledgeable and I learned some things I never even knew existed such as working condition fringes. The last exam question I don't recall her talking about at all so was clueless about the taxability of bus fare in 2016. I would have liked to hear more about the special rules for employees using a company vehicle as taxable fringe benefit.
DAN ZOU
(Payroll manager at Sinopro International Resources Inc.)
Any income that you have received from your employer as an allowance, perquisite or fringe benefit should be reported on your tax return. These forms of income include cash allowances, liability of employees discharged by employers, convertible benefits, education benefits and holiday journey benefits.
Anonymous
(Assistant Bookkeeper)
Course was interesting to see the perspective without any knowledge of payroll and fringe benefits. Wish there was more sufficient sides with detailed information and more examples of each of the fringe benefits. Needed more information on some of the sides instead of bullets of simple subjects.
Nicole Battle
( at WSSC Water)
There was information provided in the the webinar not included in the slides, and the information is pertinent when gaining a full understanding of the subject matter. The objectives were met, but the slides need to include more details instead of just bullets of what is being discussed.
Tammie Laurito
( at Diocese of St. Petersburg)
I found this course to be a good refresher, however the section about qualified moving expenses needs to be updated to reflect changes that were made in 2018. Speaking a little slower and using a few more real life examples would have been helpful, but overall the course was beneficial.
Suzanne Foster
(Payroll Administrator at Martin Marietta)
Overall the class was ok, the handouts were nothing more than bullet points. I don't believe there were enough examples and definitely not on the slides for review. The speaker either did not study the material prior to the recording or she just didn't know how to pronounce the word.
Anonymous
()
It was hard to understand speaker at times, but she did stay on track with the required material. I also felt like her information contradicted what she had previously stated at times. But overall I got the information I was looking for out of the course.
Anonymous
(Anonymous)
This course is extremely informative on the subject matter. The instructor does a good job explaining a good amount of information in the allocated time period. Will take additional courses taught by this teacher, she is very good and knowledgeable
Brian Zinner
(Tax Accountant at Brian K. Zinner, CPA)
Course covered important information about fringe benefits. The slides are easy to interpret. Some of the exam questions were not thoroughly covered such as the taxability of bus tokens in 2016. Glossary should be expanded to cover more concepts.
Judith Poli
(Payroll Manager at Odyssey Systems Consulting)
Hi,
I think the content needs to be updated, there were major changes to the law in 2018 regarding taxation of relocation. Also, I feel the slides should be more robust as I feel they are something for me to look back on after the course.
Cammy Dollins
(Payroll Coordinator at Laclede Electric Cooperative)
This course was beneficial because it provided refresher information on fringe benefits. I would like to have more detailed information in the slides. Any officer or payroll employee would benefit from this course.
Anonymous
(CPA)
A fine overview of the tax classification of fringe benefits. I would have also appreciated a discussion on Sec 125 plans and retirement plans and the classification of each of those benefits for tax purposes.
Sara Malone
(Payroll Manager at CSE W-Industries)
The lesson was good, but the course materials could have been better. They seem to include highlights only and not as many details as were discussed, so it makes it difficult to use as a reference for later.
Anonymous
(Director of FInance)
The course was informational however the slides could have been more detailed and had more information. It is useful to have slides that are explanatory so that they can be used as a resource in the future.
Anonymous
(Director)
I like the speaker. This course tells us that moving expense reimbursement is excludable from income. Since 2017 , this has not been the case with a few very limited exceptions. This content is very old!
Betsy Brycki
(Accountant at Informed Systems)
There was a lot of great information provided in this course. The instructor gave a professional presentation. A couple times, the content was repetitive. Overall, a great summary of fringe benefits.
Anonymous
(None)
This course was a great overview of the taxability of employer fringe benefits and gives viewers a good basic understanding of what should and should not be included in taxable income of employees.
Anonymous
(Accounting Manager)
I would like to see more detailed examples for imputed benefits. Please show how to calculated the imputed value of a company leased vehicle and the imputed value of a company owned vehicle.
BekkiJo Kahler
(Payroll Specialist at Bezos Academy)
the information was presented in a clear and organized manner, but is out of date in 2023, almost 2024 and should be updated as the relocation information has been out of date for years.
Anonymous
(ESR)
It's been said a couple times, but the squeaky wheel gets the oil... A little outdated, but the instructor was easy to understand and it was presented in an easy to understand format.
Colleen Windham
(CPA/Relationship Manager at Retirement Plan Solutions, Inc.)
I don't have experience with payroll so this was a good introduction. However, there were typos on the slides, and you could hear the pages of the script being turned in the background.
Anna Poselenova
( at Junior's)
It's a really good course that summarizes non-fridge benefits. My only complaint about this and other Illumeo courses:it is outdated. The presentation is from 2016. Common, it's 2021!
Anonymous
(VP, WFM and BusTech)
Good course overall, served as a general refresher. The supporting materials included many relevant examples; however, the content and flow wasn't as concise as other courses offered.
Anonymous
(Tax Consultant)
Good overview of fringe benefits. Course could have been a bit longer and included more particulars surrounding imputed income calculations on company cars and gross up calculations.
Christopher Hole
(Director of Internal Audit at Roseburg Forest Products)
I appreciate that the instructor didn't use video, which can be distracting. On the other hand, the slides did not list the numerous % and $ amounts that are critical to this topic.
Katie Silver
(Payroll Manager, CPP at Breslow Starling)
Course provided decent amount of information on the subject and explained it in a very basic format. Could have gone in to greater detail but was good for a brush up on Fringes.
Anonymous
(-)
The instructor shared a lot of good information and examples; however, a good amount of that information was not included in the slides. This made the slides rather useless.
Jacob Rothman
(Portfolio Manager at Rothman Investment Management)
The course was a little slow, and the questions at the end were very specific and mostly not very relevant. I'm pretty sure one of them was not even covered in the course.
Brandon Bush
(Manager at PorterKinney)
It would be nice if the dollar amounts were updated to reflect actual years relevant data, but other than that the principles were accurate and the class is still great!
Anonymous
(Associate)
This course was not very good. The source materials were merely bullet points and the presentation was not sufficient to be able to answer the review or exam questions.
Carlos Rangel
(Managing Director at CARLOS RANGEL, CPA PC)
A good introduction to taxable and non-taxable fringe benefits. I was looking for documentation of narrative in the supporting slides but only the outlines were shown.
Anonymous
()
great re-cap of fringe benefits for everyone. Several concepts are very helpful. knowing the difference between subject to tax vs. just social security and medicare
Anonymous
(Payroll Training Manager)
the lesson is good, but the slides are very bullet point. I had to make so many notes on them just to use them later as reference. I hope i didn't miss something.
ERICA CARPER
(Controller at MWP)
it was ok - unfortunately one of the exam questions is wrong. In 2016 there was TALK of reducing the commuter exp to $130/mo, but the PATH act allowed $250.
Stephen Leitz
(Owner and Founder at Workforce 2080 LLC)
Great course. A solid overview of what was covered during FPC class. Always good to take a class which goes over the areas which are affected by taxation.
Anonymous
()
The instructor is not as well-spoken. Her delivery of the information is a distraction and hinders one's ability to adequately absorb the information.
Diana Rosario
( at Specified Technologies Inc.)
More slides with detail would have been helpful. A few times the instructor went off talking about things that weren’t necessary to be mentioned.
christle madding
(payroll manager at lippert components)
This course was good at explaining the difference between taxable and non taxable. It helped me to better understand the use of de minimis fringe.
Anonymous
()
This is good information and a good review from when I took the CPP exam. There were parts where it seemed like the instructor was reading to us.
Anonymous
()
Poor material provided for support compared to many of the other courses. Test questions were ambiguous. Not impressed with this course at all.
Francesca Bauman
(Payroll Manager at Confidential)
There was a lot of content in the short amount of time. Facilitator is very knowledgeable and has a pleasant voice, making it easier to follow.
Kevin Unger
( at American Woodmark)
An excellent overview of the difference between taxable and non-taxable fringe benefits. Pay close attention to what is and isn't excludable!
Patrick Clifford
( at Michigan State University)
I think this course should be updated given changes in the tax law. Noted mainly with moving expenses as treatment has completely changed.
Anonymous
()
This was a good introduction to the different types of fringe benefits and determining which categories are taxable vs. nontaxable.
Anonymous
(Owner)
The slides are not very good for referencing or studying from. Limits and tax changes not reflected in course. Pretty outdated.
Melinda Spoden
(Sr People Operations Specialist at Vendavo, Inc.)
Very good overview for a new profressional. Having a more recent version would be helpful due to the tax code changes after 2016
Brian Meister
(SVP Corp Compliance & Accounting at ACDI/VOCA)
the slides were not legible when printed because it came out white letters on white background. not sure if issue is on my end.
Ronda Suto
(Payroll Supervisor at Hirsch)
Needs to be updated!! from 2016...........................................................................................
Anonymous
()
This is a decent recap of payroll tax nuances. The delivery is a little dry, but I did appreciate the in-session quiz.
Anonymous
(Asst Finance Director)
Overall good course. More real life examples of taxable and non taxable income will make the course easier to follow.
Anonymous
(Consultant)
Good to remember that certain items are taxable to employees. companies often forget the rules or at least choose to
Anonymous
(Controller)
Would have been better if the slides included more of what the instructor was teaching, like examples or scenarios.
KERREY LYNCH
(HR Director at Rippeon Equipment)
I learned important information on taxing fringe benefits! The video was clear and explained the information well.
Lisa Kyne
( at Narcisi & Company, P.C.)
this is a quick review of what is taxable and nontaxable for fringe benefits. the last question says 2016 though
Kirk Valencia
(Business Administrator at Denver Church of Christ)
Excellent course! Shirley's presentation was succinct and to the point with approriate real-life case examples.
Paul Morris
(Director, Compliance and Insurance at Sam Houston State University)
Well written, comprehensive and written at the appropriate level. Helpful for those brushing up on this topic.
Anonymous
(Payroll Specialist)
Good content, but the speaker was hard to follow because of mispronounced words and reading style of teaching.
Collin Thomas
(None at None)
liked the course - would like to hear about best methods for gathering the information to tax the employee.
Danielle Dell
(AP Manager at Charter Communications)
The information is spoking in the presentation but not clearly documented so found the test hard to determine
Sealtiel Alvarez Sanchez
(Shared Service Center Manager at Aliaxis)
Good review of fringe benefits. Many examples which help to better understand. I would recommend this class.
Lorna Fisher
(Retired Finance Professional with active.. at Retired and enjoying time to pursue pers..)
Great overview of what is and is not taxable. Not being familiar with payroll, it was very informational.
Anonymous
(NA)
Good coverage but needs to be updated regularly for the tax rule changes. Some of it is no longer correct.
Anonymous
()
Appreciate the attempt to keep the slides brief but could have used a little more to drive the point home.
Anonymous
()
Nice refresher on fringe benefits and great introductory information. I look forward to the next course.
Anonymous
()
This course was easy to navigate and I enjoyed the mini quizzes, they helped me learn the course better.
Anonymous
(Principal)
Disappointing deck as not many details were included and the instructor mostly read from bullet points.
Ross Connor
( at HVAC Incorporated)
supporting materials were weak and the information on the final exam wasn't really covered in the course
Anonymous
(Payroll Manager)
The instructor gives a good overview of Fringe benefits. Would have liked it to be a bit more detailed.
Celeste Houston
(VP of Payoll at Stratus.hr)
Great class. I like that it is to the point and informative. The course instructor is great at her job.
Michelle Foy
(M&A Payroll Project Manager at United Health)
Wonderful content for payroll professionals. This topic is always helpful and a good reminder annually.
Sheryl Powell
(Senior Payroll Associate at CRH Americas Materials)
Good content with clear explanations of different aspects of taxable and non-taxable fringe benefits.
Briana Cline
(Payroll Solutions Consultant at Benefitfocus)
More examples of taxable vs. nontaxable scenarios, like what we received in the exam would be nice.
This course gives great info on fringe benefits and helps to clarify the different types of fringe.
Anonymous
(Payroll Specialist)
The program materials were relevant and contributed to the achievement of the learning objectives.
Debra Johnson
( at Hagan & Johnson, CPA's ..)
Course was helpful but I felt that the quiz questions could be deleted as they were way too easy.
Milenie Thompson
(GL Programmer at Paylocity Corporation)
The instructor goes at good pace giving you enough examples and time to understand the material.
Anonymous
()
Material is outdated. Would have liked more details from the bullet points for the pdfs slides.
xinghua liang
( at Pasadera Country Club)
it's good and convenient for those people who work with company that don't reimburse expenses.
Anonymous
()
This course was very informative. I especially like that there is a review after each section.
Anonymous
(Payroll Analyst)
This class was informative and gave some good information on the taxability of fringe benefits.
Anonymous
()
Great,quick class. Very informative. Loved the little quizzes throughout the lesson. Thank you!
Tiffany Miller
( at ADP)
Great course for a refresher. The materials are those that I would keep for future reference.
Liam Gordon
(Dash 8 First Officer at Central Mountain Air)
Good overview of taxable and non-taxable benefits, with a particular focus on fringe benefits.
Anonymous
(Accounting Manager)
Always good practive to review the guidelines and rules of fringe benefits on a regular basis.
Suzanne Hill
( at CheckWise Payroll LLC)
This was a good review of taxable fringe benefits vs non-taxable. Good coverage of FMV too.
Glenda Torres
( at Altium Packaging)
Some of this information is out of date, specifically the taxability of relocation expenses.
Anonymous
(CFO)
It would be nice to have more details on the slides or references to the IRS code sections.
Anonymous
(Manager, Accounting)
The examples provided made it better to follow the information provided by the instructor.
Katherine Hall
(Chief Financial Officer at Winstead PC)
The presenter's communication skills could be much better, and the slides were inadequate.
Anonymous
(Card Program Administrator)
Good material - more information in slides would be nice. Not just the main bullet points
Anonymous
(Controller)
I found the topic of this course interesting and the instructor was great at explaining it
Anonymous
()
Great refresher - these are always so confusing so the information is always appreciated
Anonymous
(Payroll Consultant)
wonderful course with absolutely great content - I will highly recommend to my colleagues
Anonymous
(Controller)
I would like to have seen some more detail on the items discussed included in the slides.
Anonymous
()
This course provided valuation information to the finance team to prepare for year end.
Laura Lillie
(Senior Manager, CPP, MBA at Yahoo!)
Would have liked a little more detail around company provided food, cell phone, etc.
Stephanie Violette
( at Risk Strategies)
I thought this course covered the basics and was a good refresher on fringe benefits.
Anonymous
(Payroll Administrator)
The relocation information is out of date for tax year 2023. This should be updated.
Anonymous
()
This class had a lot of informative information. I found it especially beneficial.
Anonymous
(Director of Payroll & Accounts P..)
There needs to be a more updated course-the rules from 2016 are very different now.
Godfrey Christie
(Accounts Payable at Artsy, Inc.)
Thank you for the explanation of Fringe Benefits. It was helpful and informative.
Anonymous
()
language wasn't as free flowing and was a bit choppy but otherwise course was good
Anonymous
(Product Support Analyst)
The material was easy to understand. The speaker was knowledgeable on the subject.
Nicole Cunnea
(Implementation consultant at ADP)
The examples for working condition fringes and transportation fringes were nice.
Anonymous
()
Very educational and good reminders on this important topic. Thanks for sharing.
Anonymous
()
Great course, thank you very much. It's very informative. Good job. Great slides.
malcolm clark
( at kim brown and assoc pa)
informative course. Provides additional information on this misunderstood topic
Anonymous
()
This is a good basic class on fringe benefits. The instructor is informative.
Anonymous
()
Helpful review of fringe benefits and how to determine which ones are taxable.
Anonymous
()
I liked that it was concise with good information. Provided helpful examples.
Abraham Minto
( at Abraham Minto LLC)
Shirley’s course on Fringe Benefits was well presented and easy to follow.
Douglas Aldridge
( at Morgan Properties)
This was a good course that taught me some new insights on fringe benefits.
Catherine Castelow
( at CarMax)
Detailed information with good references to sources to ensure compliance.
KIM MILLER
( at Miller's Mowing & More)
This webinar was very educational. Thank you for allowing me to view it.
Anonymous
(Consultant)
I would've appreciated the limits on the handouts as additional reference
Steven Stanforth
( at Waibel Energy Systems, Inc.)
The handouts can be more detailed so as to be used as a future reference.
Anonymous
(Payroll Coordinator)
I really enjoyed this class. I like that Shirley has review questions.
Anonymous
(Accountant)
outdated info that needs to be updated to reflect more recent tax changes
Anonymous
()
Good Class. Very informative and helpful tips that can be used for work.
Sue Norton
( at Alight Solutions)
Very are to read the PDF, class overall is a great topic for payroll.
Anonymous
(Income Tax Senior)
good course on the overview of fringe benefits and rules relating them
Anonymous
(Sr Payroll Administrator)
All payroll staff should take this course. I found it very informative
Catherine Bullock
( at Catherine Bullock CPA)
Course needs to be updated for new moving expense reimbursement rules
Anonymous
()
THIS COURSE OF FRINGE BENEFITS WAS A GOOD REVIEW AND REFRESHER COURSE
Anonymous
(Payroll and Benefits Manager)
Great refresher. Very well taught and good content.
Thank you,
Amanda Hamner
( at ADP)
I hate inputting information in this section. it's a waste of time.
Anonymous
(CFO)
Nice primer on payroll issues that commonly occur in my environment.
Anonymous
(Senior Human Resources Systems Analyst)
Very information with real life examples provided by the instructor.
Anonymous
()
Provided broad overview of concept. Instructor explained topic well.
Anonymous
(CFO)
I would have preferred discussion on more types of fringe benefits.
Dawn Hickmon
(Payroll Manager at WSSCWater)
I think that I am going to have to have a review with my employer.
Anonymous
(CFO)
Good examples for fringe benefits and the tax implications, if any.
Anonymous
(CPA)
Kind of boring and monotonous but good information on the subject.
Anonymous
(Cpa)
overall good wish instructor would stop the"um" every other word
Anonymous
(None)
Good info, slides would have been more helpful with more detail.
Anonymous
(Senior Payroll Specialist)
Good course, information was informative for the business world.
Anonymous
(Sr Payroll Specialist)
This webinar was a great refresher course for fringe benefits.
Anonymous
(Payroll & Benefits Specialist)
Great overview and refresher on taxability of fringe benefits.
Anonymous
(Division Payroll Manager)
Great reminder on fringe benefits and its applicable taxation.
Anonymous
(Staff Accountant)
This is a great course on fringe benefits with good examples.
Anonymous
(Payroll Manager NA)
There was a lot of very good information in this webinar!!!!!!
Patty Holley
( at HOLLEY FINANCIAL)
supplement info was not complete, but good info for the course
Anonymous
(Controller)
The material regarding taxation of moving expense is outdated.
Charles Weeks
(CFO / Senior Management Consultant at Weeks and Associates, LLC)
All she did was read a script, little if any help on anything.
Anonymous
()
Enjoyed this course on fringe benefits. Was beneficial to me.
Anonymous
(CPA)
Could be improved by expanding glossary for reference guide.
Anonymous
(Payroll Administrator)
This is really Great lesson. I learned a lot in this course.
Heather McCollum
( at Firestone Walker Inc.)
course needs to be updated for current moving expense rules.
Anonymous
(Customer Service Rep)
thought this class was perfect for an FCP or CPP certificate
Allison Justice
( at ADP)
quick, insightful and informative course on fringe benefits
Haley Woods
(Senior Accountant at Northwest Wine Accounting)
A good summary of fringe benefits. Informative and helpful!
Erika Iben
( at Cast and Crew Payroll)
Did not know the rules for bus tokens, that's interesting.
Anonymous
()
good intro to fringe benefits and taxability for employees
Natalia Lippold
(Certified Payroll Professional at Trivantus, Inc.)
Moved at a reasonable pace and was very understandable.
Jeanne Chase
(Manager of Budget at EBMUD)
Excellent refresher for fringe benefits and tax status.
Paula Neher
(Lead Accountant I at Pioneer Natural Resources)
More examples should have been provided in this course.
Kevin Murray
(Business Partner - Strategic Projects at The Wesson Group)
A very basic overview of fringe benefits.
Jim Woolwine
(Sr. Director of Finance and Administrati.. at The Gerontological Society of America)
Good coverage of all possibilities.
Sharon Vincent
(CFO at MJC Electronics Corporation)
I thought there would more details.
Anonymous
(Controller for Americas BU)
ok
Anonymous
(Sole Practitioner)
ds
Prerequisites
Course Complexity: Intermediate
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA
95113
Contact:
For more information regarding this course, including complaint and
cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to
.
Shirley BrickousDirector – Payroll Operations
About Illumeo
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- Email: info@illumeo.com
- Phone: 408-400-3993
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- Av #221, Campbell, CA 95008
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