Since 2012 the IRS has imposed over $21 million dollars in civil penalties to employers for non-compliance of proper payment and reporting of employment taxes, including those from fringe benefits.
Under-reported and non-taxed fringe benefits is an area of tax income that has been often overlooked and even misunderstood by many businesses. If you’re confused about how fringe benefits are defined by IRS tax law, let alone how they are taxed, you’re not alone.
This eBook will cover:
- An overview of fringe benefits: what are they and who can receive them
- Which fringe benefits are taxable and who is liable for the taxation
- Types of fringe benefits, their income tax withholding amount, and/or exempt status up to a specific amount
- Exemptions list
- And much, much more
Fill out the form today to download your free guide.