Due to changes in both the economy and the Internal Revenue Code and COVID-19 legislation, fringe benefit planning has become one of the most important areas of planning for your client’s business and personal needs. There are a variety of tools and techniques to meet a client’s fringe benefit planning objectives. This course looks at those various tools and techniques and provides the practitioner with a basic understanding of how to use each one. This course also features a review of some complex areas of employee benefit planning, including ERISA reporting and disclosure requirements.

Topics & Learning Objectives Include:

• An overview of the fringe benefit planning process
• Understanding the needs of the business owner
• Understanding the needs of the employees
• Options under IRC §132 fringe benefit plans
• When to use a cafeteria plan
• Tax rules regarding timing of income and deductions in cash compensation planning
• Tax implications of dependent care and educational assistance plans
• How a flexible spending account plan works
• Design features of a group term life insurance plan
• Regulations when using medical savings accounts
• Various options to financing retiree medical benefits
• Comparison of health care benefits under an insured plan versus an HMO
• Detailed overview of major ERISA reporting and disclosure requirements
• Understanding of IRC common control rules
• Overview of age and sex discrimination rules

Arthur Werner is one of the most prominent Federal Tax lecturers in the nation, with a special expertise in Estate, Trusts and Elder Law issues.