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IRS Publication 15-B on Fringe Benefits Released

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March 6, 2018, the IRS released Publication 15-B, Employer's Tax Guide to Fringe Benefits for use in 2018. As a result of changes related to the Tax Cuts and Jobs Act passed late in 2017, the Publication on page 20 outlines the tax treatment of qualified transportation fringe benefits to employees, including those provided through the use of salary reduction program.
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Categories: Benefits in General, Compliance | Tags: Publication 15-B , Transportation plans , parking , transit , bicycling benefit , Tax Cuts and Jobs Act , QSEHRA , health flexible spending account , business mileage , tax reform

House Passes Tax Reform Legislation

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The House, today, by a by a vote of 227-205, passed legislation to overhaul the tax code.
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Categories: Benefits in General, Compliance | Tags: Tax Reform , Tax Cuts and Jobs Act , House