Fringe Benefits - Is That Taxable?

Date: Wednesday, January 10, 2018
Time: 11:00 AM ET / 10:00 AM CT / 09:00 AM MT / 08:00 AM PT [Prevailing Time]
Presenters: John Denison, Senior Director of Tax, Adams, Jenkins & Chetham CPAs, Larry Ford , Director of the Tax Resolution Team, Adams, Jenkins & Cheatham CPA
Moderator:
Learning Objectives:
Join us for this one hour session as we will review the Eight Excluded Fringe Benefits, discuss the treatment (and the keen interest of the IRS) related to several other benefits, and how to keep your cooperative?s reporting correct.
Field of Study: Taxes
Program Level: Basic
CPE Credit: 1 Credit Hour
Delivery Method: Group Internet-based
Prerequisite(s): No advanced preparation or prerequisites are required for this course.
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Course Description

The world is ever changing including the fringe benefits which are often a material factor in recruiting/retaining top employees and executives. Once fairly easy to ascertain if they could be excluded from wages, benefits have also moved into the areas of loyalty programs, mixed-use (business/personal) assets, and workplace lifestyle enhancements and often the determination for wage exclusion is more difficult. In this session, we will review the Eight Excluded Fringe Benefits, discuss the treatment (and the keen interest of the IRS) related to several other benefits, and how to keep your cooperatives reporting correct.

Presenter and Moderator Bios

Presenter: John Denison, Senior Director of Tax, Adams, Jenkins & Chetham CPAs

Mr. John Denison is the Senior Director of Tax at Adams, Jenkins & Cheatham, PC, (AJC) in Midlothian Virginia. AJC is a CPA firm with over 50 audit and tax professionals and CPA's that specialize in audit, tax and consulting work primarily for private, closely held companies and their owners - including several electrical cooperatives. Mr. Denison is a Certified Public Accountant and an Attorney offering 25 years of tax and financial leadership experience, advising and growing privately owned companies (revenue sizes from $1 million to $1 billion). His focus is on communicating complex tax matters in a straight forward manner to effectively serve entrepreneurial executives and owners. He comes from a Big 4 accounting background and served as a tax partner with PwC and Cherry Bekaert, LP. In addition, Mr. Denison worked for two years as a CFO with a large family owned company and related Private Equity Fund. He is a frequent public speaker, has co-written articles and tax education material, and was an adjunct professor at UVA McIntire School (Tax Research). Expertise includes individual tax compliance and consulting, income tax accounting and tax provision work, mergers and acquisitions, succession planning and financial management for businesses and individuals. Larry Ford retired from the Internal Revenue Service in January 2016 after a distinguished 36+ year career. He is currently the Director of the Tax Resolution Team at AJC (Adams, Jenkins and Cheatham, CPAs) in Midlothian, VA. Larry graduated from Roanoke College in Salem, Virginia with a Bachelor of Business Administration degree and is a Virginia Certified Public Accountant. His IRS career began as a Revenue Agent examining individual and business returns. While with the Examination Division he accepted positions of greater responsibility with the Quality Review Staff, successfully introduced the examination employees to the use of personal computers and implemented an electronic inventory control system in the Richmond District and Mid-Atlantic Region. Larry's next challenge came when he accepted the position of Appeals Officer in the IRS Office of Appeals. As an Appeals Officer, he negotiated tax settlements utilizing Hazards of Litigation. In 2001, at the request of the National President of the NTEU (National Treasury Employees Union) he served the team addressing IRS's reorganization of the Office of Appeals. After the reorganization, Larry worked in various management positions including Manager of Tax Computation Specialist, Area Director's Technical Advisor, Acting Area Director, and Acting Director of Finance. Larry completed his IRS career as Manager of Appeals Officers located in Virginia, West Virginia, Maryland and Washington, DC. Larry's instruction/teaching experience includes technical tax courses, software applications, management courses and the Becker CPA Review course.

Presenter: Larry Ford , Director of the Tax Resolution Team, Adams, Jenkins & Cheatham CPA

Cost
Free for NSAC Members / $56.00 for Non-Members

Delivery System

• All programs are delivered using the Zoom platform.
• Confirmations will include log-in instructions.
• Participants are able to participate using any device with an Internet connect (if the device does not have speakers, the participant can also dial-in) or they can participate with audio only by dialing in.
• All registrants will receive a link to the CLN’s recording by email within 48 business hours of event’s conclusion.
• There will be assistance available to help with technical and connectivity issues up to 10 minutes prior to the start of the presentation.

Registration

All registration is done on-line and each guest must provide their name and email address to participate. All NSAC members may register for free. Non-members may register for a nominal fee.

Refund Policy

NSAC will not issue refunds for CLNs. If a registrant is unable to participate in the CLN and provides notification to info@nsacoop.org 48 hours prior to the session, a credit will be provided for a future CLN. Alert the NSAC staff member monitoring the CLN if technical difficulties are encountered and technical support will be provided to eliminate problems with future CLNs.

Additional Information

Live participation is required for CPE credit and polling questions must be answered to document your active participation. All registrants will receive an email following the session with links to the slides and/or handouts, and a link to the CLN recording (unless otherwise stated). If you are unable to participate in the live session, you can still watch the recorded session, but you will not be eligible for CPE credits. Those eligible for credits will receive their certificate by email with 7 business days.

For more information regarding NSAC CLNs or administrative policies such as complaint and refund, contact the NSAC Headquarters, 7946 Clyo Road, Suite A, Centerville, OH 45459, 937-222-6707, or info@nsacoop.org.