CATEGORY: Professional Practice
SPEAKER: Arthur J. Werner, Esq.
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.