fringe benefit

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fringe benefit

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any benefit offered to employees in addition to their WAGE or SALARY, for example luncheon vouchers, company car or mileage allowance, EMPLOYEE SHARE OWNERSHIP PLAN and private health insurance and employer contributions to a PENSION scheme.

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Austin, Texas-based Fringe Benefit Group and its affiliate companies have helped employers design and administer fringe benefit programs since 1983.

Fringe Benefit Group Combines with Century Healthcare to Create Specialist in Affordable Healthcare Solutions for Hourly Workers

But there is also basis for the payments to HMOs to be excluded from the coverage of the tax, whether fringe benefits tax or withholding tax on compensation.

Ambiguities on the taxability of premium on health card

The special allowances can be considered as fringe benefits under Section 33 (A) of Tax Code as petitioners said these should not be subjected to any withholding tax because the grant is 'indisputably necessary' to insulate the judiciary from outside influence.

SC: Allowances, fringe benefits of gov't workers can be taxed

1.132-7(a)(2) and (3), meals provided at an eating facility in a nondiscriminatory manner will qualify as a de minimis fringe benefit if the following conditions are met: The employer must own or lease the facility; the facility must be operated by the employer, direcdy or by contract with another party; the facility must be located on or near the business premises of the employer; the meals must be provided during, or immediately before or after, the employees' workday; and the annual revenue derived from the facility must normally equal or exceed the direct operating costs of the facility (the revenue/operating cost test).

Boston Bruins can deduct full cost of meals for team's away games: The meals were provided by the employer for its convenience, the Tax Court holds

IRS Fringe Benefits can be confusing and frustrating.

Fringe Benefit Taxation and IRS Compliance - By Compliance Global Inc.

For the most part, they aren't treated as employees for fringe benefit purposes, although they may be entitled to tax deductions for many expenses.

The tax impact of Employee Fringe Benefits

A working condition fringe benefit includes property or services provided to an employee that the employee could deduct as a trade or business expense (or as a depreciable asset) if the employee had to pay for it (Sec.

Providing Sec. 132 fringe benefits to S corporation employees

Allow individuals to combine their bike benefit with other transportation fringe benefits, as long as the total remains under the $200 cap.

Level the playing field

Educating these contractors about prevailing wage benefit programs is a significant opportunity for brokers interested in growing their business--helping open shop contractors understand how they can reduce their costs, decrease their bid and remain compliant by implementing a fringe benefit wage program should certainly pique their interest.

Your piece of the economic stimulus pie: The government contractor marketplace is a hotbed of opportunity for savvy producers

* For FICA (social security) purposes, these fringe benefit amounts may or may not be includable, depending on the FICA rules for the type of plan involved.

Appendix B: benefit plans for proprietors, partners, and S corporation shareholders

According to Treasury Regulations section 1.132-6(d)(4), where the benefit is too valuable or is provided too frequently, then the benefit will not qualify as a de minimis fringe benefit. Typically, in such situations, the value of the entire benefit will be included in an employee's gross income (Treasury Regulations section 1.132-6).

De minimis fringe benefit rules: current guidance and tax implications

This article examines the Service pronouncements and judicial activity following the enactment of the DRA 1984 fringe benefit provisions.