Fringe Benefits Toolkit

A collection of resources to assist employers in complying with the requirements for various fringe benefits under the Internal Revenue Code and other laws.

Practical Law Employee Benefits & Executive Compensation

A fringe benefit is a form of pay other than traditional compensation for the performance of services. In general, fringe benefits are taxable to the individual to whom they are provided, and must be included in the individual's income unless specifically excluded. The Internal Revenue Code ( www.practicallaw.com/2-382-3555) (Code) provides special exclusion rules for a number of fringe benefits, including:

  • Adoption and educational expenses.

  • Employee discounts.

  • Moving expense reimbursements.

  • Transportation benefits.

Excluded benefits typically are not:

The Fringe Benefits Toolkit includes several continuously updated resources designed to help employers comply with requirements under the Code and other laws applicable to fringe benefits.

 

Practice Notes

 

Standard Documents

 

Checklists

 
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