IRS guidance offers useful reminders about employee discount plans

The IRS recently released Field Attorney Advice 20171202F, which provides guidance on the taxability of an employee discount plan.

The IRS recently released Reid Attorney Advice 20171202F, which provides guidance on the taxability of an employee discount plan. Under the discount plan as ...

Employee discount plans - Journal of Accountancy

Sec. 132(a)(2) allows employers to provide a qualified employee discount that is excludable from an employee's taxable income.

Publication 15-B (2024), Employer's Tax Guide to Fringe Benefits - IRS

Employee. Exclusion from wages. Exception for highly compensated employees. Retirement Planning Services; Transportation (Commuting) Benefits.

20171202F — Employee Discount Under Section 132 PDF - IRS

qualified employee discount under I.R.C. § 132(a), where such program allows the employee to sign up a total of people, including himself ...

A Grab Bag of Year-End Tips and Treats for Employers

Form W-2 Reporting of De Minimis Financial Incentives for 401(k) Plan Participation · Form W-2 Reporting – Employer Contributions as Roth ...

2024 Publication 15-B - IRS

If your plan favors highly compensated employees as to eli- gibility to participate, contributions, or benefits, you must include in their wages the value of ...

IRS Clarifies Rules on Employee Discounts Offered to Friends and ...

For administrative simplification, employers may wish to limit their “qualified employee discount” programs to active employees, retirees, and ...

Employee Plans news | Internal Revenue Service

The IRS revised Form 5300, Application for Determination for Employee Benefit Plan, and its instructions, to submit the form electronically. For more ...

2024 Publication 15 - IRS

Employer's Tax Guide; Pub. 80, Federal Tax Guide for Em- ployers in the U.S. Virgin islands, Guam, American Sa- moa, and the Commonwealth of the Northern ...

e-News subscriptions | Internal Revenue Service

The IRS offers several e-News subscriptions on a variety of tax topics. Below are links and information about subscribing.

Publication 15-A (2024), Employer's Supplemental Tax Guide - IRS

The social security wage base limit is $168,600. The Medicare tax rate is 1.45% each for the employee and employer, unchanged from 2023. There is no wage base ...

Student Loans and Code Section 127 Educational Assistance ...

... Programs: A Reminder from the IRS, FAQs, and a Sample Plan ... The FAQs restate the IRS's prior guidance on educational assistance programs ...

employee plans news - IRS

These information packets are designed to be helpful reminders to them of those responsibilities.” Using employee and employer tax information ...

IRS: Healthcare FSA reminder: Employees can contribute up to ...

IR-2024-287, Nov. 7, 2024 — The Internal Revenue Service reminds taxpayers that during open enrollment season for flexible spending arrangements (FSAs) they ...

Instructions for Form 5500 - U.S. Department of Labor

benefits under an employee benefit plan are provided by an insurance ... Excise Taxes Related to Employee Benefit Plans, with the IRS to pay the 10 ...

IRS Releases Publication 15-B (2017), Employer's Tax Guide To ...

If your plan favors highly compensated employees as to eligibility to participate, contributions, or benefits, you must include in their wages the value of ...

IRS New Guidance on State Unclaimed Property Laws and IRS ...

ERISA & Employee Benefits; »; IRS New Guidance on State Unclaimed Property Laws and IRS Helpful Reminders on Missing Participants. IRS New ...

Are Gift Cards Taxable? A Guide for Employee Rewards - Stratus HR

The IRS changed the rules to protect employee pay. If gift cards were exempt from taxes, it would encourage companies to restructure how employees were paid to ...

IRS Confirms Unused Qualified Transportation Benefit Funds ...

Internal Revenue Code (Code) Section 132(f) permits employers to offer a qualified transportation benefit program to their employees on a ...